Discretionary retailers have been among the first segment to suffer as inflation continues to force customers to cut nonessential spending. Once-loyal customers are turning into merchant-agnostic deal-chasers, as 56% of U.S. retail shoppers have switched merchants in the name of cost-cutting, and price influences 67%...
Online shoppers in Germany are displaying a “just-the-basics” approach to spending. A report Thursday (April 6) from German eCommerce association BEVH showed that online sales of goods fell 15% during the first quarter of 2023 compared to the same quarter in 2022. That was the...
Rodeo has reportedly raised $5 million for its “operating system for gig economy workers.” The London-based company was founded in 2021 and its app has been used by more than 9,000 gig workers, UKTN reported Thursday (April 6). The firm will use the new funding...
While 2023 might be the “year of groceries” compared to consumers’ general pullback in eating out, that doesn’t mean the sector has had it easy. Manufacturer price hikes have put small and independent grocers under particular strain, and these grocers are also bearing the brunt of consumers’ inflation concerns. All...
Vantage West Credit Union is working with Nymbus to launch a niche digital financial brand. The Arizona-based credit union is using the Nymbus Launch product, which is a turnkey, fully secure and compliant digital bank or credit union solution, to add the new brand, the...
Businesses contemplating the transition to a remote workforce should prepare for possible increased fraud-related headaches. As reported recently by the Wall Street Journal, U.S. workers have voiced a clear preference for remote employment, as commercial office vacancy rates remain as much as 60% higher than they were pre-pandemic. Drivers for...
Running a business is complicated, particularly in today’s challenging macroclimate. But economic downturns are cyclical — and there exists a bevy of professional service firms out there to help organizations chart a path forward through uncertain times. Only now, those firms are increasingly coming under...
India’s digital transformation of financial services continues — and now pre-approved credit lines are linked to the United Payments Interface (UPI). In an announcement Thursday (April 6), India’s central bank (the Reserve Bank of India) said that these “pre-sanctioned” credit lines at banks could be issued...
With the return of baseball season, major teams are upgrading their in-arena ordering and payments. Take, for instance, New York’s Yankee Stadium, which this year is tapping Uber Eats’ technology to not only enable gamegoers to make food purchases from their seats but also to...
