Small businesses made this year’s Prime Day event the largest ever, contributing to more than 375 million items sold, even outpacing Amazon’s own retail business. Before Amazon’s 2023 Prime Day kick-off, PYMNTS reported that the e-commerce giant had some lofty aspirations to exceed its 2022...
Google’s artificial intelligence (AI) chatbot, Bard, has officially launched in Europe and Brazil as the company prepares to take on ChatGPT. The company announced in a Thursday (July 13) blog post what it called the largest-ever expansion of its AI chatbot, coming as the tech giant faces off...
Retailers are recognizing that offering free shipping may not be sustainable in the long run. However, rather than eliminating it, they are raising the criteria for customers to qualify for it and reassessing the ways they can make up for lost costs. Several retailers, including...
During the summer, when outdoor events are in demand, retailers are embracing virtual experiences. It’s not because they can’t stand the heat but because while consumer wallets are on a tight leash, so are many retailers. And while virtual storefronts can be costly, they offer...
Kim Kardashian’s apparel brand Skims could soon be worth nearly $4 billion. The company is in the middle of a funding round that could help it reach that valuation ahead of an initial public offering (IPO) in the next six to 12 months, Women’s Wear Daily reported Wednesday (July...
Is the social media landscape too crowded? The winners of today’s attention economy don’t seem to think so. That’s why Meta, the parent company of social behemoth Facebook, last week (July 5) launched Threads — a Twitter competitor that was built by Meta’s Instagram product...
Diaper company DYPER has announced the upcoming launch of a credit card and rewards program. The new DYPER Card will provide parents with convenience, financial well-being and free diapers, the company said in a Wednesday (July 12) press release. “At DYPER, we strive to be at the forefront of...
Federal prosecutors have filed charges against a second former executive of college financial-planning startup Frank. They have indicted Olivier Amar, former chief growth officer of Frank, in connection with fraud related to JPMorgan Chase & Co.’s $175 million acquisition of the company, Bloomberg reported Wednesday...
Consumers overall may be increasing their digital engagement with grocers, but Gen Z is bucking the trend, pulling back. By the Numbers Additional research from the survey of nearly 2,500 U.S. consumers behind PYMNTS’ study last month, the “ConnectedEconomy™ Monthly Report: The Urban-Rural Health Divide...
