The platform economy accounts for over two-thirds of eCommerce transactions, but according to Romain Mazeries, CEO at FinTech firm Mangopay, solutions that tackle the complex payment needs of platforms and marketplaces remain scarce today, particularly in the business-to-business (B2B) space. For example, the flexibility to...
Employees are simultaneously a company’s first line of defense and their weakest link. That is because as today’s quick-moving, instant-everything modern world offers more hyperconnected vulnerabilities for bad actors to exploit, behavioral-driven fraud tactics are becoming an increasingly popular approach for breaching a firm’s defenses....
At its investor day in Tampa, Florida, on April 4-5, Walmart executives laid out a five-year plan that emphasizes membership, choice and a thoroughly modernized customer experience. In his closing day remarks, Walmart President and CEO Doug McMillon said a 4% growth target over the next three to...
Bed Bath & Beyond has collaborated with ReStore Capital to launch a vendor consignment program. With this program, credit-focused investment manager ReStore Capital will purchase up to $120 million in merchandise from the retailer’s key suppliers, on a revolving basis, to increase the availability of...
From clever gift arrangements to scalp health and haircare, former Vice President of eCommerce at Edible Arrangements Erica Randerson has made an interesting pivot and is now leading growth strategy for direct-to-consumer (D2C) brand Divi. But why? “One of the things that drew me to...
Meta has launched new computer vision tools that help identify objects within an image. The tools include the new Segment Anything Model (SAM) and the Segment Anything 1-Billion mask dataset (SA-1B), Meta said in a Wednesday (April 5) blog post. Their names refer to “segmentation,”...
This week in grocery, Stop & Shop expands its digital discounts and grocers tap BNPL. Ahold Delhaize-owned Stop & Shop, a grocer with more than 400 stores across five Northeastern states, announced Monday (April 3) that it is expanding its partnership with digital marketplace Flashfood,...
Today’s ever-more digital world has rapidly evolved consumer expectations around the shopper journey. Modern shoppers increasingly want a digital-first experience, and they want it from every merchant they shop with no matter their size. That’s according to data in the latest PYMNTS report, “2023 Global...
Amid inflationary pressures, meal kit providers are securing consumers’ loyalty with more convenience and flexibility. Blue Apron, for one, is turning its focus to its lower-effort Heat & Eat meals and to sales channels that enable consumers to make purchases without committing to a regular...
