Instagram will stop offering its users live shopping on March 16. Parent company Meta said in a post on the Instagram help center that while other live broadcasting features, like scheduling live broadcasts, inviting guests to join a live broadcast and holding a live Q&A,...
The pandemic disrupted the reign of brick-and-mortar grocery stores as the go-to channel for most grocery shoppers. PYMNTS’ latest consumer research reveals that, on average, just 44% of consumers primarily purchase common grocery items at a brick-and-mortar grocery store, a significant decrease of 29% from...
For many consumers around the globe, 2022 marked a triumphant return to the physical world. After two years of pandemic-influenced restrictions, shoppers are heading back to stores — but at the same time, they are using more digital shopping features than ever. The “2023 Global...
With economic challenges requiring a focus on near-term profitability, grocers are rethinking their technology investments. Retail giant Amazon, for one, appears to be reconsidering the costs versus benefits of the expansion of its Amazon Fresh grocery chain, of which the most recently opened stores have been...
Tight budgets are putting merchants in a bind this holiday season. Fifty-six million consumers across the United States say they are skipping holiday shopping entirely this year — even more than at the height of the pandemic in 2020 — and 19% of those who...
Inflation cast a long shadow over Black Friday 2022. Consumer prices rose 7.7% year over year in October, leaving millions of consumers wary as they entered the holiday shopping season. In total, 56 million United States consumers plan to opt out of holiday shopping entirely...
Consumer purchasing growth for credit cards in October was the lowest of 2022, while growth for debit remained where it has been throughout the year, according to payments credit union service organization (CUSO) PSCU. In addition, holiday spending is off to a slow start, evidenced...
Lease-to-own company FlexShopper has launched a digital credit card that offers its customers a way to make purchases without a traditional credit card or cash. With the new FlexWallet, customers can instantly qualify for a spending limit of up to $2,500 at the company’s online...
Over 60% of all consumers in the United Arab Emirates (UAE) used their smartphones at least once during their most recent shopping experience, whether it was online or in-store. That’s one of the findings of a report published by PYMNTS in collaboration with Cybersource, “The...
