Consumers are increasingly turning to digital channels to purchase alcohol, as Constellation Brands observes, but eCommerce in the industry has a long way to go. The beer, wine and spirits giant, parent company of a range of popular brands including Modelo, Corona, Svedka and more,...
There’ll be no loan forgiveness, it seems… …and the pinch to retailers’ top lines — and profits — may be unforgiving. Friday (June 30th), the Supreme Court struck down the Biden administration’s student loan forgiveness program. And so, the stage looks set for roughly $400...
African startup Union54 is reportedly developing a super app that may launch in September. The new ChitChat app aims to provide secure messaging, dollar-based virtual cards, and services around payments, gaming, dating and food delivery, Bloomberg reported Friday (June 30), citing an interview with Union54...
Technology drives growth, and the pace of change is accelerating. That’s why, despite no clear regulatory framework, the world’s biggest tech firms aren’t about to stop their breakneck race to win the artificial intelligence era. In fact, from a bird’s eye view, they look to...
Across the restaurant industry, brands are getting more targeted with their promotions, and Denny’s has become the latest to tap data-informed, personalized “challenges” to get more return on its rewards investments. On Thursday (June 29), Denny’s, a full-service diner chain with nearly 1,600 locations around...
Authentic Brands Group has received a $500 million primary follow-on investment from growth equity firm General Atlantic. The global brand owner, marketing and entertainment platform — which owns more than 40 brands, including Brooks Brothers, Nautica and Reebok — will use the new funding to...
All Staples retail stores in the United States will soon be handling returns for Amazon customers. About half of the office supply retailer’s locations are doing so now, and the rest will begin accepting Amazon returns by the end of July, Staples said in a...
There’s a reason that business processes get the “consumer” treatment, not the other way around. And it isn’t just because the cart can’t drive the horse. As it relates to end-user purchasing experiences, “[those of] consumers are just dramatically more streamlined than the experience business...
Walmart’s strength may lie in its numbers, as its purchase rate far beats its closest competition. In-person shopping beats online in how often consumers shop at the world’s largest two retailers, as consumers turn to Walmart for groceries and Amazon for less frequent but more...
