For a while, it looked like the CEO of Wells Fargo, John Stumpf, and head of community banking, Carrie Tolstedt, would escape the ramifications of the pressure tactics allegedly used on the bank’s employees to meet unreasonable sales targets. Tactics that saw the submission of...
Mobile shopping is a convenience, if not an expectation, of consumers worldwide. A new survey by the Interactive Advertising Bureau polled mobile users from 19 countries and found that the vast majority of smartphone and tablet users had purchased products and services via a mobile...
Browsing and shopping go hand in hand. New research by Google and Purchased shows that over half of shoppers surveyed visit a retailer’s website or app before buying a product in-store. Those shoppers were evenly divided over whether they used a search engine or visited...
As the fourth most valuable venture-backed tech company in the world, Airbnb was able to pick and choose its investors for its latest round of funding. The company asked previous funders not to respond and turned down mutual fund investments that would have taken Airbnb...
Yahoo is going out with a bang, in keeping with its colorful history. But this last hoorah, or gasp, for Yahoo is not an enviable one and is likely to shave a significant amount off the price that Verizon ultimately pays for the company. Yahoo...
Americans are feeling more optimistic about the economy and their job prospects. The U.S. personal savings rate as a percentage of disposable income was down for July compared to March. This news has retailers excited at the prospect of a busy holiday season with sales...
JPMorgan is raining on Apple’s parade. Reports by the major carriers of huge pre-orders for the new iPhone 7 and iPhone 7 Plus and increased sales volumes are a result of aggressive promotions and are not higher than expected, according to JPMorgan Analyst Rod Hall....
Teenagers are online almost constantly and tend to prioritize experiences. A study by Pew Research Center found that Instagram is the favorite app among teens because they can share pictures of their “experiences” with their friends. Digital adeptness has a huge effect on the lives...
ECommerce sales were better than expected in Q2 but dipped in the third quarter, according to Internet Retailer. Matthew Shay, president and CEO of the NRF, cited easing wage stagnation, increasing employment and consumer confidence as factors influencing eCommerce growth. Earlier projections had predicted slower...
