Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today’s stories focus on McDonald’s new breakfast offer and take a look at how much money merchants are making on Amazon’s marketplace. Apple is having a good time with its watches, European banks want more tech regulation and Target posts new eCommerce numbers.
McDonald’s is offering its entire breakfast menu — including McMuffins, sausage biscuits, pancakes, burritos and parfaits — in packages to serve six, 12 or 18 people. Delivery will be provided by Uber Eats, which the fast food giant partnered with last year.
According to a new survey, nearly 50 percent of the merchants surveyed sell almost exclusively with Amazon, with revenue from the eCommerce marketplace accounting for 81 percent to 100 percent of their sales.
Canalys said wearable band shipments increased 35 percent year over year in the first quarter, with demand for health-focused devices driving the growth. Smartwatches made up 80 percent of the wearable band revenue, which is up from 74 percent in the first quarter of 2017.
Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market.
In the first quarter, the retailer’s digital channel sales increased by 28 percent. The rise comes as Target ups its shipping game: The retailer introduced free two-day shipping on items through its eCommerce site earlier this year.