Consumers’ demand for more affordable quick meal solutions is sending them running to the freezer aisle, Dollar Tree CEO Rick Dreiling notes. On a call with analysts Thursday (May 25) discussing the retailer’s first quarter FY2023 financial results, Dreiling noted that the availability of frozen foods has had...
The global remittance market — where hundreds of billions of dollars flow across borders annually — is being reshaped by digital disruption. Late last year, the World Bank estimated that remittances last year grew by 5% in 2022, to $626 billion. Generally speaking, remittances are...
Pesto has raised $11 million and launched an asset-backed credit card. The Pesto Mastercard, which is the company’s first product, is available to customers who send valuables to be used as collateral and is designed to provide an alternative to pawn and payday loans, Pesto said in...
Marketing automation platform Klaviyo has launched an integration with Amazon’s Buy With Prime. The integration lets Klavio users “easily sync their Buy With Prime order and customer data with their Klaviyo account, giving them a more complete view of each customer,” according to a Thursday (May 25) press release. Businesses...
Digital-first and digital-only banks are gaining ground, but many consumers are hesitant to make the switch from a more traditional bank to a neobank. Unfamiliarity with neobanks plays a role, as does satisfaction with current — and typically traditional — banking models. That’s according to...
As Amazon succeeds at whittling away at incumbent grocers’ shares of center-aisle purchases, smaller retailers are drawing inspiration. According to a PYMNTS survey of nearly 2,700 U.S. consumers conducted last month, 61% of U.S. consumers are Amazon Prime members, and 26% are subscribed to Walmart+....
Whatever humans need, pets need. That’s the mindset Petco seems to understand when it comes to the pet parent that shops with the specialty retailer. While the retailer initially prioritized providing essential food supplies, Petco goes beyond that by seeking partnerships. These partnerships not only...
Urban Outfitters put itself on a crash diet that might have gone too far. As a result of inflation and the unpredictable nature of consumer spending, retailers are implementing strategic and streamlined methods to manage their product inventory by reducing their offerings and aiming for...
With profits increasing six-fold and revenues rising, Starling Bank’s CEO is stepping down. Ann Boden, who is both founder and chief executive of the British neo-bank, announced Thursday (May 25) that she would hand the reins of the company to John Mountain, Starling’s chief operating...
