UK retailers face a challenging holiday season: The UK economy has grown in just one of the four months since Labour took power, exacerbating shopper gloom.
Despite the remittance industry’s digital transformation, Western Union is banking on stores remaining a key component of its business
A large addressable market for secured cards makes them a key growth segment for issuers—as long as they can appropriately mitigate risk
Target’s net sales grew just 0.9% in Q3 2024, well below Walmart’s growth of 5.0% and Amazon’s 8.7%, according to company earnings releases.
The card’s unique waitlist promotion can help the card gain a sizable user base
The faster payments scheme is now a true real-time payments competitor on par with The Clearing House’s RTP Network and FedNow
The tie-up can bring in a large new stream of payments volume for the BNPL player, boosting growth ahead of going public next year
Mall traffic jumped in November as shoppers’ search for deals brought them back to stores: Efforts to turn shopping centers into lifestyle destinations are also resonating, but long-term challenges remain.
Shein’s IPO delayed due to supply-chain concerns: The UK’s financial regulator is probing the retailer’s labor practices amid pushback.
Lowe’s has a blueprint to drive long-term growth: The home improvement retailer plans to expand its physical footprint and lean on a marketplace to broaden its online product assortment.
UK budget spells trouble for retailers, warns Currys: The electronics chain says tax hikes will push costs onto consumers and limit its ability to hire more workers.
On today's podcast episode, we discuss how folks viewed big ticket items over the Thanksgiving holiday shopping period, how in-store foot traffic shook out, and the impact of buy now, pay later (BNPL). Listen to the conversation with our Senior Analyst Sara Lebow as she hosts Senior Analyst Zak Stambor and Analyst Rachel Wolff.
Shoppers are more comfortable than ever using BNPL—and not just during the holidays. Buy now, pay later (BNPL) volume will hit $18.5 billion this holiday season, with Cyber Monday alone accounting for just shy of $1 billion in spend, per Adobe. That’s 27.6% more than BNPL holiday sales volume in 2022.
Zalando agrees to pay €1.2 billion for German etailer About You: The deal aims to help the retailer garner a larger share of the fashion and lifestyle market.
Amazon takes on social media influencers’ product testimonials: If influencers don’t disclose their relationships with sellers, those merchants could find themselves suspended from the platform.
TikTok offers users Shop credits in last-ditch attempt to boost sales, downloads before US ban: The platform is dangling hundreds of dollars in incentives to increase engagement.
Albertsons blames Kroger for blocked merger: The grocer is seeking billions in damages, claiming the latter failed to make necessary concessions to appease regulators.
There's no shortage of lessons for retailers, advertisers, and brands to learn from an eventful 2024, where many sectors of retail thrived even as economic anxiety affected consumer habits.
The ruling effectively kills the cap, as Trump’s CFPB likely won’t fight it. Issuers that preemptively raised APRs in response may start reversing their actions.
The Vipps wallet in Norway is the first to use Apple’s NFC tech, opening the floodgates for more to deploy the tech.