In today’s economy, retailers are on a perpetual quest to connect with their consumers in more meaningful ways. In this pursuit, the focus has shifted toward leveraging the channels where consumers are already engaged. While third-party advertisements are by no means a new concept, they...
In the darkest days of the pandemic, businesses scrambled to confront supply chain pressures and meet consumers on their mobile devices. The changes felt temporary because commerce would return to normal when the health crisis passed. Turns out, as economies reopened, many of the changes...
Aleph, a global enabler of digital advertising, has launched Aleph Payments, a dedicated unit aimed at simplifying cross-border payments and credit underwriting. This move comes as the digital advertising industry is projected to reach $766 billion by 2025, with global remittance and cross-border payments estimated to...
European investment firm Round2 Capital has invested a seven-figure amount in Betterspace, a provider of hotel management platforms. This investment will allow Betterspace to scale its new solution, better.energy, and extend its reach into other industries, the companies said in a Tuesday (Aug. 15) press...
America’s consumer watchdog wants to crack down on “data brokers” who collect and sell people’s personal information. Speaking at a White House roundtable Tuesday (Aug. 15), Consumer Finance Protection Bureau (CFPB) Director Rohit Chopra said his agency wants to prevent “misuse and abuse” by these...
Visa is reportedly the target of a Department of Justice (DOJ) probe into its tokenization practices. The DOJ’s interest in Visa is part of a long-running investigation, Bloomberg reported Wednesday (Aug. 16). Officials are looking into Visa’s policy of charging more to merchants who don’t use its tokenization system,...
New York’s financial regulator wants to regulate the companies that help set prescription drug costs. The New York Department of Financial Services (NYDFS) announced Wednesday (Aug. 16) that it had proposed regulations governing the conduct of pharmacy benefit managers (PBMs) operating in the state. ...
Target’s latest earnings results were notable for the general pullback in consumers’ spending on discretionary items and a continuing impact from retail theft. Elsewhere in the second-quarter 2023 results that were posted Wednesday (Aug. 16), there were notable positive data points, underscoring the appeal of omnichannel and same-day...
TJX, the parent company of popular off-price retailers like T.J.Maxx and Marshalls, recorded 6% overall comparable sales growth in the quarter ending on July 29. The company’s diverse product mix and increased customer traffic were key factors contributing to this growth, TJX CEO Ernie Herrman...
