Burberry’s sales rose 5% in fiscal 2023: Despite a 13% gain in China, the company's performance was dampened by a 7% decline in sales in the Americas—in line with other luxury houses.
Alibaba’s sluggish quarter reinforces concerns about a Chinese consumer rebound: The company is exploring IPOs for its grocery and logistics divisions as part of its breakup to revive the company’s fortunes.
Amazon plots an upgrade to its search capabilities, with help from generative AI: The retailer is planning to incorporate an AI chatbot to help shoppers with queries, recommendations, and product comparisons.
To keep up the momentum, the BNPL provider launched a Pay-in-2 product so it can expand into new payment categories
Its vertical-specific technology can help it to grow volume in the segment
The two will be among the early adopters of the real-time payment system when it launches in July
Understanding payments innovation in the region could help Visa beat back mounting threats from homegrown players
The past six months have been a roller coaster of rising consumer-goods costs, uneven employment news, and increased optimism about the end of the pandemic—all mixed with a tightening of discretionary spending. In September, consumers were cutting back on dining out and entertainment. What are they doing now?
Target’s sales growth stalled and profits fell in Q1: Consumers pulled back on the impulse buys that fueled Target’s pandemic-era growth.
Shein’s latest $2 billion funding round came with a significant drop in valuation: The fast-fashion retailer is now worth one-third less, as it faces difficult economic conditions and government scrutiny.
Retailers can use digital wallets to speed up the checkout process both online and in-store and reward repeat customers. But creating a standalone wallet may not be the best solution for most retailers, and that’s where partnerships with existing providers can help out.
TJX Companies had a mixed Q1: The off-price retailer saw strong demand for apparel and accessories, but its home goods business dragged down growth.
Regulators are diverging on Big Tech acquisition and opening opportunities for blockbuster mergers despite mounting antitrust concerns.
Meta strategically opening up WhatsApp’s chat payments functionality in Brazil and Singapore is the next step in creating a super app for over 2 billion global users.
Total media ad spending in the US will pass the $350 billion mark this year, but growth is slow at just 3.8%, according to our forecast. “That is not great compared to almost anything in recent memory; however, there is a U-shape to this line,” our analyst Ethan Cramer-Flood said during our “US Digital Ad Spend Outlook” webinar. Connected TV and retail media will prove to be bright spots, but social media could be a challenge.
Tapestry brings its D2C and wholesale teams together to create a consistent brand experience across channels, while Hollister enables teens to fill their carts and send to a parent for purchase. Instacart and eBay find ways to offer customers more value.
Startup M-Kopa’s $250M raise shows the growth potential for firms that can widen financial inclusion in Sub-Saharan Africa.
Record-high debt and record-high card interest rates are leading to missed payments
The streamlined payment platform can make cross-border B2B payments easier and cheaper.
Convenience and dining present a large opportunity for Amazon One to grow without stoking competition concerns