It integrated its payment services with travelplanbooker.com’s travel agency platform
As the mobile wallet ecosystem matures, US proximity mobile payment engagement gains are lapping user growth.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss why Ikea has fallen behind on ecommerce, what to expect from its new store formats, and how the company developed its cult-like following. Then, for "Pop-Up Rankings," we rank Ikea's top four biggest challengers. Join our analyst Sara Lebow as she hosts analysts Carina Perkins and Zak Stambor.
There are clear signs that consumers are struggling to keep up: Credit card debt keeps piling up and several retailers have found a sharp rise in buy now, pay later use.
Consumer appetite for private label products shows no sign of slowing: Seventy-seven percent of customers who buy private label products plan to buy even more in the future.
Eurozone retail sales were flat in April as food inflation cut in: But low unemployment, easing inflation, and wage growth are helping to relieve consumers’ anxieties.
Inditex homes in on store optimization, price increases to drive growth: The fast-fashion retailer grew profits 54% in Q1 thanks to higher sales from larger stores.
“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.
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.
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.
Adding mobile plans to existing Amazon Prime subscriptions has the potential to entice millions of wireless customers looking for a cheaper alternative.
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.