Pinterest wants to be more than just shopping inspiration: The platform’s evolution into a full-funnel commerce app has caught the interest of activist investor Elliott Management.
Consumers spent more in June, but confidence remains low: Shoppers contend with reduced spending power as inflation wreaks havoc on budgets.
Shopify’s attempt to build the next super app hits a wall: Downloads for the ecommerce company’s consumer-facing app are down as Amazon beats back its business.
JPMorgan, Citi, and Wells Fargo reported strong card spending in Q2, but inflation and recession fears made them pivot to a more defensive posture.
ByteDance looks to extend its app hits and take on a rival: TikTok’s owner launches recommendation app Kesong in the China market to challenge Tencent.
Amazon uses inflation to drive home its value-priced focus: the company is using humor at a time when many brands are shying away from it.
On today's episode, we discuss why the new Wells Fargo credit card is significant and the short- and long-term challenges of credit card companies. "In Other News," we talk about what to make of the market value free fall of buy now, pay later giant Klarna and why Meta is ending the pilot for Novi, the company's digital wallet. Tune in to the discussion with our analysts David Morris and Jaime Toplin.
Supply chain issues have eased back from their pandemic peaks: But there are plenty of challenges ahead and slowing consumer demand could lead to a new issue: inventory pileups.
Amazon was once again the big winner of this year’s Prime Day: But inflation took its toll as shoppers focused on household essentials over big-ticket purchases.
The updated version offers more generous rewards for purchases at US gas stations and online purchases. We weigh whether that’s enough to capture consumers’ attention.
Amazon throws antitrust regulators a bone: The retailer is drastically reducing how many items it sells under its own brands, which may help alleviate government scrutiny into its business practices.
CTV and upper-funnel campaigns see the biggest cuts: Economic uncertainty is causing advertisers to pull back their spending.
As the online BNPL space saturates, Afterpay and Klarna are turning to in-store partners to fuel growth.