In order to meet its ambitious goal of reaching $200 billion in global sales within the next five years, Walmart is ramping up its commitment to livestream shopping. Teaming up with TalkShopLive, the retail giant aims to expand its reach by notifying its followers about...
For wealthier Americans, there’s no longer a stigma attached to shopping at the dollar store. That’s according to a report Monday (June 19) by The Wall Street Journal, which finds that higher-income consumers flocked to stores like Dollar General and Five Below when inflation rose,...
One of the biggest pain points for both consumers and merchants is expired payment credentials. With card life-cycle management solutions, vaults can ease that pain by providing dynamic updates to cards that are reissued for any reason. These connections to the card networks or with...
The age of easy clothing returns is coming to an end. A report Tuesday (June 20) by the Wall Street Journal (WSJ) says nonreturnable items are becoming increasingly common. For example, secondhand clothing seller Poshmark has seen a 61% increase in items marked “new with...
Singapore’s Grab is readying its largest round of job cuts in three years. The ride-hailing and food delivery platform announced Tuesday (June 20) that it was letting go of 1,000 of its roughly 12,000 workers in what founder and CEO Anthony Tan says is a...
Driven as they are by payment choice, many consumers like the idea of account-to-account (A2A) transfers, known by several other names including pay by bank — but what’s missing is a rewards component that stands to drive greater adoption of this payment method. For their...
Shoppers in Mexico strongly prefer shopping in-store to shopping online. Seventy-one percent of local shoppers reported making their most recent retail purchase in a brick-and-mortar store — far more than consumers in other countries. However, this choice does not mean local shoppers eschew digital shopping...
Clothing brands are reportedly cutting back on orders in anticipation of weakening sales. As Bloomberg News reported Friday (June 16), factory owners say they’ve seen significant declines in retailers’ holiday orders, with at least one company that works with major brands expecting a plunge in...
Silicon Valley Bank customers in Asia are reportedly facing dual headaches following the lender’s collapse. These customers had their deposits seized by the Federal Deposit Insurance Corp. (FDIC) and — as The Wall Street Journal (WSJ) reported Monday (June 19) — still have outstanding loans...
