SoftPOS is a form of mPOS that can turn any seller’s smartphone into a payment terminal.
L’Oréal deepens Luxe partnership with Amazon with Kiehl’s launch: The beauty company is banking on the retailer’s wide reach to boost customer acquisition and drive sales.
Wealthy consumers are driving summer travel demand: The share of affluent travelers is rising as cost concerns cause lower-income consumers to pull back.
It’s a tough time to sell apparel and footwear: VF Corp.’s Vans brand saw sales fall 26% in its most recent quarter, while North Face sales dipped 5%.
TJX, Ross Stores are bullish as shoppers search for value: Both companies raised their profit outlooks in anticipation of growing demand and continued market share gains.
Anthropic makes a breakthrough in AI safety research: It comes on the heels of OpenAI losing key safety researchers and bodes well for Anthropic’s marketplace reputation.
Amazon eyes a new opportunity to boost margins: The retailer is looking for ways to reduce its reliance on UPS, including having Amazon drivers pick up returns from customers’ houses.
The number of drugstores is falling: CVS, Walgreens, and Rite Aid have all closed hundreds of stores over the past five years amid growing competition from discount retailers and online sellers.
Consumers’ pullback on discretionary spend hits Target hard: The retailer’s sales continue to fall, while shoppers boost spending at Walmart and Amazon.
Petco is bullish despite short-term sales hit: The retailer expects the pet humanization trend to drive long-term success as Walmart, Tripadvisor, and Van Leeuwen also look to get a piece of the pie.
Temu parent PDD posts triple-digit growth in Q1 as value proposition resonates with consumers worldwide: But regulatory challenges in several important markets could slow momentum.
It also includes features to minimize checkout friction as Google Pay tries to streamline the experience
The regulator wants to improve cost transparency, setting up another regulatory battle for the networks
The old Google-Meta duopoly will claim less than 47% of digital ad spending this year. Adding Amazon brings the share above 60%. Every other digital ad publisher pales in comparison, including seemingly major players like Microsoft and TikTok.
Google rolls out genAI tools to help retailers market their wares: The features aim to make it easier for brands to create compelling content that grabs shoppers’ attention.
Amazon’s 2023 Prime Day events brought in a combined $13.88 billion in US ecommerce sales last year, according to our forecast. But as consumers remain cautious with their spending, Amazon is looking to boost sales outside of the July and October tentpole events.
Macy’s is in the first few innings of its turnaround plan: But it has already put runs on the board by soaring past bottom-line expectations and raising its outlook.
Nestlé targets GLP-1 users with line of nutritious frozen meals: The CPG company sees an opportunity to gain an early advantage as consumers shift to healthier options.
Lowe’s expects sales to remain pressured as high borrowing costs weigh on DIY demand: The company is shifting its focus to Pro consumers as it waits for the housing market to improve.