Two years in, Meta’s latest ecommerce effort fails to resonate: Retailers are frustrated by the lack of basic elements, such as the ability to display products in multiple colors.
Despite market uncertainty, rapid delivery is becoming a fact of life: Tesco, Albertsons, and Publix are some of the retailers inking deals with delivery platforms to offer quick fulfillment, while quick commerce startup Zepto is raking in cash from investors.
Amazon workers in Staten Island vote against unionizing: The labor movement isn’t over yet, but the defeat could stall momentum in Big Tech as companies redouble efforts to bust unions.
EU probing Apple Pay: Restricting access to key NFC technologies on iPhones prevents EU banks from providing payment solutions, limiting competition. Mounting scrutiny could alter the duopoly’s payments dominance.
As its market share shrinks, Walmart introduces a rewards program: The retailer is partnering with Ibotta to offer customers cash rebates across its app and website.
Amazon and Flipkart sellers in India face allegations of anti-competitive behaviors: The Indian government is investigating claims that some sellers on the platforms have been given preferential treatment.
The Federal Reserve started onboarding participants for its FedNow pilot test as its 2023 launch date approaches.
Established brands—and not DNVBs—will drive the vast majority of D2C ecommerce sales.
Consumer spending hasn’t slowed despite rising costs: But that may be tested as companies such as Whirlpool and Clorox plan additional price increases.
Amazon aggregator Thrasio announced layoffs and a CEO change: The company’s hypergrowth business model drove it to rapidly acquire new enterprises without paying heed to the infrastructure needed to sustain success.
In 2021, cryptocurrency accounted for $6.10 billion worth of transactions worldwide, up 177.3% from $2.20 billion the year before. Come 2023, crypto transaction value will hit $16.16 billion as more businesses accept these digital currencies as payment.
Snapchat sees augmented reality as the key to social commerce success: The social media platform’s new AR creation suite enables businesses and shoppers to utilize the tech on and off the app.