Customer-to-customer payments volume dropped 13% YoY in Q2. But it outlined three initiatives to help it reverse declines in H2.
We talked with our Reimagining Retail team to see if they could provide a little insight.
China leads the world in retail ecommerce share, with 45.3% of the country’s retail sales occurring online this year. The UK will take the No. 2 spot, with a 35.9% share, followed by South Korea, where 30.1% of retail sales will be via ecommerce.
Retailers enhance their rewards programs as inflation shifts consumer spend: But that’s easier said than done, as overly complex rewards can steer away customers rather than encourage their loyalty.
Krystal Walker, Director of Beauty Development and Customer Experience at CVS Health, spoke with Insider Intelligence about the launch of Skin Care Centers.
Facebook can’t quite figure out social commerce: The platform is shutting down its live shopping capability as parent company Meta struggles to find an ecommerce strategy that works.
Brand loyalty is starting to decline: The uncertain economy has made consumers feel more distant from brands that are struggling most.
Property developer Simon says malls are doing just fine: There have been more store openings than closings this year, even as retailers warn about inflation’s toll on shoppers.
Following a 13% YoY increase in payment volume, CEO Dan Schulman said PayPal will focus on core functions, including checkout and digital wallets.
In our 2022 US Retail Sustainability Perceptions Benchmark report, we analyze the top sustainability features that consumers look for when shopping at general merchandise retailers.
Walmart lays off corporate workers amid slowing sales: The restructuring is the latest sign that the still-tight labor market is starting to loosen.
Wayfair’s active customer base fell 24% in Q2: That’s just one of several troubling data points that show the pandemic-induced home spending boom is over.
Though the beauty category may not be inflation-proof, L'Oréal had a great first half of the year as the return to in-person life continued.
American Express Global Pay helps meet demand for all-in-one payment solutions as SMBs digitize.