Amazon is offering Prime Day deals to draw shoppers to brick-and-mortar stores as well as its website. Both leading up to and during Prime Day, which begins Tuesday (July 11), Amazon Prime members are being offered discounts on in-store purchases of groceries and fashion items, Amazon said in a Thursday...
The story of consumer cutbacks on discretionary items, like apparel and beauty products, continues. But a new narrative is starting to emerge, as brands and retailers demonstrate a willingness to reevaluate their prices to align with changing consumer expectations. For example, Target’s quarterly earnings confirmed...
Walmart is letting parents shop for the 2023 school year at 2022 prices. “With 80% of customers expecting to spend more on supplies this year, …we’re excited to offer the school supply basket at the same prices as last year,” the retailer said in a news release last...
America’s big banks are due to report their largest increase in loan losses since the pandemic. As the Financial Times reported Monday (July 10), analysts project the six largest banks in the U.S. — J.P. Morgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs...
Tapping or clicking the hashtag #TikTokMadeMeBuyIt will bring users to pages upon pages of videos in which TikTokers show off viral purchases they first discovered on the platform: iced coffee slushy cups, hair gem stampers, live pet axolotls, levitating bulb lamps and beyond. The hashtag...
As companies look to steer their business strategy to drive growth, Pierre Lion, chief growth officer at FinTech firm Mangopay, says thinking globally should be a priority right from the onset. “When you start building your project or your proof of concept, especially for a...
Proposed regulations for mergers and acquisitions could add months to the deals process. That’s according to antitrust lawyer Kara Kuritz, who spoke with Seeking Alpha on Sunday (July 9) about the Federal Trade Commission (FTC) and the Department of Justice’s (DOJ) proposed revisions to the...
A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. As the Financial Times (FT) reported Sunday (July 9), the thefts occurred over several months in 2022 before the British FinTech was able to fix the issue. According to FT, sources with knowledge...
British lobbying group UK Finance has reportedly tied a bulk of the country’s digital payments fraud to Meta Platforms. As the Financial Times reported Sunday (July 9) — citing unnamed sources — the group has written to Jeremy Hunt, the British chancellor, saying that its data has found...
