June 18, 2023
CE 100 Index Soars 4.1% as Vroom, iRobot and WeWork...
The Federal Reserve has signaled it will pause rate hikes. In the meantime, the U.S. consumer keeps spending. Economic data released over the past few days underpinned gains in the...
June 18, 2023
UK Watchdog OKs Amazon’s $1.7B Buy Of Roomba-Maker iRobot
On Friday, the competition regulator of Britain approved Amazon.com Inc’s acquisition of iRobot for $1.7 billion, which is the manufacturer of the Roomba vacuum cleaner. Reuters reported that the CMA found...
June 16, 2023
Curbside Grocery Wins as Shoppers Increase Digital Adoption
As consumers step up their engagement with online grocery channels, they have a lot of different options to choose from, ranging from third-party marketplaces to brick-and-mortar grocers’ direct digital channels...
June 16, 2023
Regulators Try to Clear ‘Fog’ Around Cloud-Based Financial Data
Regulators have grown uneasy about the risk that the cloud poses to the financial system. That’s according to a Thursday (June 15) opinion piece by Gillian Tett of the Financial...
June 16, 2023
FinTech IPO Names Surge 3.8% With SoFi and Upstart Leading...
Government data pointing to cooling inflation helped buoy FinTech IPO names this past week. Retail sales data Thursday (June 15) showed that consumer spending remains resilient, which helped give the...
June 16, 2023
Amazon Fashion Becomes Its Own Force as Walmart Reconsiders Brand...
Sometimes it is a selective and focused sales strategy instead of broad appeal that may see overwhelming results. Amazon’s current standing as a player in higher-end fashion sales has been...
June 15, 2023
Walmart CFO: India’s Flipkart and PhonePe Could Be Worth $100...
Could Walmart’s Indian eCommerce and payments operations become $100 billion businesses? The retailer’s chief financial officer seems to think so, Reuters reported Wednesday (June 14). The businesses in question —...
June 15, 2023
Can Exclusive 48-Hour Product Preview Access Save J.Crew?
J.Crew once had a chokehold on a cohort of consumers who seemingly loved the preppy vibe along with brands like Abercrombie & Fitch and Hollister Co. Today, the flame as...
June 14, 2023
Google Uses Gen AI to Power Virtual Try-On Tool
Google has added generative artificial intelligence (AI) to its shopping feature with a new virtual try-on tool. This new product, announced Wednesday (June 14), comes as AI increasingly becomes part...
