News

Retail
How FreeWater Gives Away Its Product and Still Makes Money
June 10, 2023

Water should be free — so why do we pay to drink it? That’s the question that’s being asked by Austin-based startup FreeWater as it pushes to make not only water but other products free across the globe. To generate revenue, FreeWater uses a strategy...

Retail
Investors Bullish on Farfetch After Strong Results Announced in May
June 09, 2023

Shares of luxury eCommerce retailer Farfetch have been on the rise. The British luxury goods merchant’s shares rose as much as 15% Friday amid elevated trading volume, Seeking Alpha reported Friday (June 9). The company’s shares have risen more than 40% over the past month and 30% since the...

Security & Fraud
Behavioral-Driven Fraud Is Having a Modern Day Renaissance
June 09, 2023

Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance. Whether through business email compromise (BEC) attacks or account takeover (ATO) scams, the strategies bad actors use to probe human-level vulnerabilities have evolved from easy-to-spot phishing attempts into highly sophisticated...

Retail
J. Crew, Laneige, Elizabeth Arden Embrace Virtual Storefronts to Drive Engagement and Loyalty 
June 09, 2023

Brands and retailers want to boost consumer engagement and loyalty and are willing to go into other mediums, even if there isn’t any publicized data on its conversion results. The latest retailer to make that gamble is J.Crew.  In celebration of J. Crew’s 40th anniversary,...

eCommerce
PYMNTS Study: eCommerce Consumers Want Payments Choice and Data Security
June 09, 2023

After a stellar run through the pandemic, eCommerce was humbled as consumers flocked back to physical stores in 2022 and 2023. The wheel is turning again, as new data shows the appetite for eCommerce is back on a strong growth trajectory, and retailers need to...

Delivery
Starbucks Considers Delivery-Only Stores but Restaurant Customers Miss Face-to-Face Service
June 09, 2023

As restaurants look to drive efficiency and boost profit margins, Starbucks is considering opening delivery-only stores to more efficiently meet consumers’ demand for convenience, even as many consumers grow frustrated with the increasingly impersonal restaurant experience. In a Starbucks Q&A for TD Cowen’s Future of...

Retail
Walmart to Add 80 HIV-Specialty Pharmacies by End of 2023
June 09, 2023

Walmart plans to make a tenfold increase in the number of HIV-specialty pharmacies it offers. The retailer launched about half a dozen of these facilities in 2021 and now plans to build the total up to 80 by the end of 2023, CNBC reported Friday...

Retail
GameStop’s Rollercoaster Journey: From Memes to Management Shake-Up 
June 09, 2023

Over the years, GameStop, once a haven for video game enthusiasts within shopping malls, has experienced a tumultuous journey filled with highs and lows.  GameStop’s story began in 1984 when it was established as Babbage’s, a small software retailer. Over time, the company expanded its...

Retail
Are Sustainable Practices a Money Suck or Are They Creating Positive Retail Impact? 
June 09, 2023

In recent years, sustainability has become a hot topic across various industries, including the retail sector. Companies are increasingly under pressure to adopt environmentally friendly practices and reduce their carbon footprint. However, the question remains: Are sustainable practices a drain on finances or do they...