But issuers shouldn’t stop preparations for the cap—regulators won’t back down anytime soon
Despite some signs of improvement, recent Fed data suggests a credit card recovery is still a ways off
Walmart is in cost-cutting mode: The retail giant cuts corporate jobs as it prepares for growth to slow.
Home Depot’s sales have fallen for six straight quarters: That’s largely a reflection of a dismal housing market that CNN calls the “the worst time ever to buy a home.”
Alibaba sees ‘green shoots’ in China’s consumer spending patterns: The company reported modest domestic growth as its focus on CX paid off, while its international business is booming.
OpenAI unveils desktop option for ChatGPT and latest GPT-4o model: It’s offering the latest upgrades for free. A short-term revenue hit could be worth longer-term site traffic.
Economic pressures reduce marketing budgets as percentage of revenues: CMOs respond by prioritizing AI to enhance efficiency and ROI.
Two-thirds of US smartphone users will use shopping/retail apps by 2025, according to our forecast. As the competition for consumer dollars heats up, mobile apps can help retailers reach a more engaged audience and enable a more omnichannel shopping experience.
As retail media moves both off-site and in-store, audio is becoming a bigger part of the ad mix. Here are two ways brands can incorporate audio into their retail media activations.
Ryan Mayward, senior vice president of retail media sales at Walmart Connect, shared three ways retail media is evolving and how Walmart is keeping up on our Reimaging Retail podcast.
Travel demand accelerates: 43.8 million people will travel over the Memorial Day travel period, a 4% increase over last year and the highest number in nearly 20 years.
Shein’s efforts to woo US lawmakers, NRF fall on deaf ears: The fast-fashion giant could shift its IPO to London as it tries to head off supply chain scrutiny.
Apple isn’t bargaining in good faith, allege retail workers: As a result, associates voted to authorize a strike that could cause lasting damage to the tech giant.
India’s growing middle class is fueling a luxury boom: Luxury sales are expected to post 15% to 25% annual growth over the next seven years, per Barclays.
This milestone opens Mastercard up to a massive new market and gives it a competitive edge against Visa. But it will face stiff domestic competition
The report claims issuers create misleading marketing materials and block or delay earned benefits. Issuers are already fighting back
The alt-credit model can help expand financing to credit invisibles, which should help boost account openings
The back-to-school season generates revenues brands and retailers count on, as the second-highest shopping volume of the year ahead of holiday. This year, though, back-to-school growth will be harder to come by as spending in key channels slows.
Target won’t sell Pride Month merchandise in some stores: The move comes at a time when right-wing groups are pushing shareholders to scrutinize companies’ DEI and ESG efforts.
Amazon expands into new markets: The retailer opens its marketplace in South Africa, and plans to launch an Irish version of its platform next year.