Target posted quarterly earnings that came out ahead of expectations, as it rode the strength of stimulus checks, private-label clothing and digital strategy honed during the pandemic. In other earnings, Lowe’s Companies reported that comparable sales for its U.S. home improvement business soared as part of its quarterly results. And in pandenomics,...
Consumers, amid the pandemic, have garnered an appreciation for all things digital. They’ve also gained an appreciation for simplicity. And also: When it comes to using data, banks and other providers are going to have to pass the “mom test,” as Bruce Lowthers, president of FIS,...
No one watches the commercials anymore. Video-on-demand services more often than not don’t have them at all. Most of us can find something else to do for 30 seconds until we can tell YouTube to skip the ads and start our video. Even when watching...
Stellantis and Foxconn have signed an agreement to form Mobile Drive, which will work on new in-vehicle user experiences, the companies announced in a press release. The new tech will come with advanced consumer electronics, HMI interfaces and services that will boost consumer expectations. Mobile...
As eCommerce has exploded, payments have become more than just transactions, and more than just the last point of interaction between merchants and consumers. Payments have emerged as a force multiplier to drive new businesses and to help firms monetize data, as new commerce ecosystems...
Automaker Stellantis has joined forces with Foxconn, the Taiwanese company that manufactures iPhones, to create in-car and connected-car technologies for the car industry. The two companies announced Tuesday (May 18) they have formed Mobile Drive, a joint venture based in Stellantis’ home country of the...
In theory, the infinite aisles created by online shopping should be a win for customers, as they are no longer limited by the inventory a retailer can put on their literal shelves. Unconstrained by considerations like physical space, the shelves in a digital shop offer...
When you hear that the company Soul Machines makes digital people, your first thought might be that it is some kind of slogan, and that the company in some way makes human beings more digitally active. But that would be wrong. The company literally makes...
In the age of the connected economy, streamlined experiences — less time spent in store aisles, ride-hailing for just-in-time transportation, food on demand — translate into outsized savings of time and money. As part of the continuing ConnectedEconomy™ series, Mike Packer, partner at QED Investors,...