Because the system can’t turn a profit, it can offer more competitive pricing, which may help spur adoption when it launches in 2023.
JD.com hopes the Year of the Tiger will prove auspicious: The ecommerce giant gave away JD.com hopes the Year of the Tiger will prove auspicious: The ecommerce giant gave away RMB1.5 billion ($232.5 million) in a bid to attract users to its payment services. in a bid to attract users to its payment services.
On today's episode, we discuss how buy now, pay later (BNPL) adoption will continue to evolve and what's next for these services. We then talk about what retailers' first step into the metaverse should look like and what retailers should be doing with their avalanche of returns. Tune in to the discussion with our analyst Sky Canaves.
US shoppers saw more out-of-stock messages this past holiday season than in previous years, per an Adobe index that tracks this activity. The index rose to 4.0 during the 2021 season, when US ecommerce consumers received more than 6 billion out-of-stock messages. That’s about an 8% increase year over year and a 264% jump from the pre-pandemic 2019 season.
Both card networks reported strong volume growth and outlined ambitions for cryptos and B2B payments.
Instacart will allow merchants to run storefronts and display ads: The move follows months of high-level advertising hires from Big Tech firms.
Why Macy’s is opening off-mall stores: The department store chain aims to drive consumers to shop across multiple channels.
Based on our US Digital Grocery Features Benchmark 2022 report, which evaluates 10 digital grocers based on an analysis of 30 different features on their websites, membership and account features are the most important features to consumers.
The offering could pose a threat to mPOS hardware providers but helps Apple grab more in-store volume and bolsters its payments business.
Retailers should think twice before deleting negative reviews: Fast-fashion retailer Fashion Nova agrees to pay $4.2 million to settle allegations it suppressed less-than-stellar customer feedback.
Insider Intelligence spoke with Liz Hershfied, senior vice president and head of sustainability at Madewell, about how Madewell has repositioned itself to adopt sustainability into the brand’s ethos and the steps other retail companies should take to encourage sustainable shopping behaviors.
Total retail sales in Southeast Asia grew 2.5% in 2021.