The convergence of casualization, comfort, and personalization has become a potent force, reshaping the way people perceive and interact with brands. The modern consumer is seeking more than just clothing and accessories — they seek a reflection of their values, needs and identity. The intersection...
American retailers are increasingly turning to promotions as consumers grow cagey about nonessential spending. As Bloomberg News noted in a report Sunday (Aug. 27), Whirlpool, Petco and Foot Locker are among the companies offering discounts to entice shoppers. “With sales softer than anticipated, we are taking more aggressive actions on...
Marketing automation firm Klaviyo says it plans to go public. The company filed paperwork Friday (Aug. 25) with the Securities and Exchange Commission (SEC) announcing its intent to list on the New York Stock Exchange. Founded in 2012, Klaviyo began as a platform for eCommerce companies, although it says it has...
Grocery delivery firm Instacart has filed a registration statement for a proposed initial public offering (IPO). Maplebear, the company that does business as Instacart, filed the Form S-1 with the Securities and Exchange Commission (SEC) and intends to list its common stock on the Nasdaq Global Select Market under...
As consumers increasingly turn to digital channels to get their grocery needs met, merchants have the opportunity to drive additional sales if they can integrate restaurant ordering into their eCommerce platforms. By the Numbers Research from a PYMNTS survey last month of more than 4,600 consumers revealed...
Samsung is looking to cement its role in consumers’ day-to-day food routines, gearing up to launch an artificial intelligence (AI) food recommendation platform. The South Korea-based company will introduce its “Samsung Food” technology at IFA 2023, a global consumer electronics trade fair held in Berlin...
Digital wallet Belo has launched a web platform to help businesses make cross-border transactions. This initiative allows companies from 108 countries to open a free account on Belo, enabling them to make transactions in pesos and cryptocurrencies and send dollars to foreign accounts, Contxto reported Thursday (Aug. 24)....
Amid rapid changes in social media, Partners Coffee noted that, for smaller, direct-to-consumer (D2C) brands, marketing on these platforms is becoming less and less worthwhile compared to more direct communication. In an interview with PYMNTS, Andrew Costaris, director of customer experience at the coffee roaster, which operates a...
Before making a final decision on the potential launch of a digital euro, the European Central Bank (ECB) must assess the impact of a digital euro on the euro zone’s banking system. So said Spain’s deputy central bank governor, Margarita Delgado, in a speech in which she emphasized...
