The card network is hoping rewards will be enough to finally make inroads in the debit card industry
It added a parking feature to its payments platform, Mercedes pay
The main factor holding back mobile wallet bill pay growth is security concerns
Three UK bank holidays in May didn’t drive shoppers to spend: Retail sales fell 1.1% YoY in the four weeks to May 27.
Walgreens attempts to cut down on retail theft: By putting most products behind counters, the retailer is also increasing the burden on store associates.
Discount retailers are in trouble: Their core consumers are facing additional pressures as SNAP eligibility tightens and student loan payments resume.
“If you want to dominate the digital landscape, you’ve got to win or be a clear leader on the three core pillars: media, advertising, and commerce,” our analyst Andrew Lipsman said during our recent “Attention!” summit.
Cava IPOs at a difficult time for the restaurant industry: The fast-casual chain hopes to use the funds to expand aggressively, despite declining traffic and growing competition from grocers.
The firm is going head-to-head with Amex and Chase ultra-premium cards and preparing to invigorate spending.
Walmart sees growth opportunities regardless of the macroeconomic environment: The retailer looks to boost its international sales, improve its digital presence, and expand its retail media business.
West Coast dockworkers escalate protests as negotiations with employers drag on: Walkouts and labor shortages led to slowed or suspended port operations on Friday.
Consumers use holidays as an excuse to splurge: Shoppers are expected to shell out a record $22.9 billion this Father’s Day. (This article was written with the assistance of ChatGPT.)
Though we’ve downgraded our retail media forecast, we anticipate the channel will experience double-digit growth through 2027. “I don’t think it’s an exaggeration to say that retail media is one of the most important and potentially most transformative ad spending channels in media right now,” said our analyst Max Willens.
Retail media is moving from its initial state (search and on-site display ads) up the funnel toward social, open web, and connected TV. As retail media networks move into their next era, they should leverage partnerships to explore new channels, said Evan Hovorka, vice president of product and innovation at Albertsons Media Collective.
Ad spending growth is an illusion: Dentsu downgrades its 2023 ad spend growth forecast due to macroeconomic factors and inflation.
Adding mobile plans to existing Amazon Prime subscriptions has the potential to entice millions of wireless customers looking for a cheaper alternative.
GetYourGuide and Hostaway score massive funding rounds as leisure travel demand holds up: But industry profit margins are under pressure as business travel remains below prepandemic levels.