The news about Nike’s fourth-quarter earnings announcement focused on what would be a large loss at any other time, but the real story is a full and dramatic reposition of a top global brand toward “digital 3.0.” And digital banking has become the new normal, as...
The coronavirus is magnifying the challenges that troubled retailers faced before the pandemic as they continue to seek financial lifelines. GNC recently declared bankruptcy as well as retail closings, while Macy’s unveiled additional cost-cutting measures. And retailers from brick-and-mortar chains to eTailers are stepping up to sell face masks amid COVID-19. All this, Today...
Instagram is providing social shopping to additional businesses, including its own community of influencers, as social commerce maintains its pandemic-fueled momentum. And Newegg is mastering the art of the pivot, having piloted a unique business model with a platform that directly connects suppliers and consumers. All this, Today in Data. Get...
Merchants are focusing on re-engaging shoppers now that brick-and-mortar retailers are reopening across the United States. In eCommerce, in an effort to attract and retain online customers, Amazon’s The Big Style Sale is serving as something of an event filler as Prime Day has been delayed due to the...
China’s 618 shopping festival was closely observed for signs that the consumer will help spend the nation out of COVID-19, and the success of the event shows that is a likely outcome. The country’s online gross merchandise volume (GMV) for a three-week period in early June jumped...
Target has found itself perfectly positioned for the in-store essential goods that kept consumers shopping during the pandemic amid a shift in the direction of Digital 3.0. The retailer has been able to capture more than its share of eCommerce, with millions of new customers...
The coronavirus is strongly impacting restaurant operations and interactions with possible customers, while it is also highlighting services that provide fast and seamless online ordering to reach diners stuck in their residences. And, in grocery, Kroger registered a strong first quarter as shoppers showed they...
Consumers want to invest in high-end items and home improvement projects to enhance their surroundings even amid economic concerns. This desire has led to increasing interest in buy now, pay later (BNPL) options for shoppers and merchants. And the dramatic consumer shift to Digital 3.0...
Walmart has teamed with Shopify to bolster its online marketplace presence. The retailer will add Shopify sellers to its marketplace and will especially aim to have small and medium-sized businesses (SMBs) join its eCommerce lineup. And livestreaming is popular in China, while all signs show that major online shopping firms there...
