Government data released this week hints that retailers are in for a protracted struggle through the next few months. And with stock moving slowly through the channels, the pain points spotlight the need for real-time means of gauging consumer demand, which would benefit each of...
A social media platform for employees that is used by Goldman Sachs is becoming more widely available. The artificial intelligence (AI)-powered networking platform called Louisa was funded and owned by the investment bank before going independent a few weeks ago, CNBC reported Friday (May 12). Louisa uses companies’ databases to automatically...
Irrespective of inflation, consumers have consistently preferred dupes, counterfeits or private label (store) brands. And as this increasingly becomes a reality, especially as consumers have become more vocal about their frugal ways — some might even call it a frugal flex, brands and retailers have...
Mastercard will soon offer Vesta’s fraud protection solutions to eCommerce merchants in the Asia-Pacific (APAC) region. As part of an expanded fraud detection partnership, Vesta’s Payment Guarantee and Payment Protect will be integrated into the Mastercard Payment Gateway Services (MPGS) platform and will be made available to MPGS customers in the APAC region in the...
With the newfound momentum behind retail media networks and Dollar General and Walmart reporting promising results, many brands and retailers feel compelled to take this strategy to the next level. One promising avenue for further development is through leveraging content creators and/or influencers. Creator Marketing ...
Fabletics now enables its customers to communicate with store associates via email, text and video chat. The activewear brand has implemented Salesfloor’s customer engagement platform to enable these connected conversations, Salesfloor said in a Thursday (May 11) press release. “Our commitment to empowering retailers with...
The Bureau of Labor Statistics (BLS) published a little-noticed piece last month analyzing the part auto dealers’ markups played in new car price tag inflation during the post-pandemic recovery. With their significant part in the supply chain through maintaining inventory of cars awaiting sale, dealerships were...
So far, Walmart has been more publicly outspoken than Amazon about adopting the Federal Reserve’s forthcoming FedNow instant payment platform. However, the eCommerce giant is well aware of the new payment rail, and other moves suggest that early adoption of FedNow ahead of the platform’s...
FinTechs are facing an existential crisis now that the age of easy access to capital is over. Investors — running the gamut from private venture capital firms to Wall Street activist investors and retail masses — are demanding to see profits. Sustainable black ink on...
