May 01, 2024
Consumers Aren’t Buying Many Handmade Trinkets Amid Economic Concern
As consumers continue to feel the economic strain, they are cutting back on buying boutique, handmade items from independent creators, per Etsy’s latest earnings call. The marketplace shared in its...
May 01, 2024
CVS Q1 Earnings Take A Hit From Insurance Venture
The volatile consumer healthcare sector showed up big in CVS’ Q1 earnings Wednesday (May 1), with solid revenue from its store operations but a warning about revenue projections due to its...
May 01, 2024
Pfizer Reportedly Plans D2C COVID and Migraine Drug Platform
Pharmaceutical giant Pfizer is reportedly creating an online platform selling anti-COVID and migraine medications. The platform, the subject of a Wednesday (May 1) Financial Times (FT) report, comes as drug makers are pushing...
April 30, 2024
Starbucks Renews Focus on Occasional Customers as Q2 Results Disappoint
Starbucks’s artificial intelligence (AI)-powered personalized rewards efforts, aimed at increasing customer frequency and spending, appear to be facing challenges. Following the announcement of “disappointing” second-quarter 2024 results on Tuesday (April. 30), Starbucks shares plummeted...
April 30, 2024
LendingClub Deposits Reach $7.5B as Embedded Finance Beckons
LendingClub noted in its latest results that deposits on its balance sheet grew as customers gravitated to high-yield savings products, credit quality was strong — and embedded finance solutions may offer...
April 30, 2024
SourceDay and Medius Team on Procure-to-Pay Enhancements
Supply chain collaboration platform SourceDay and accounts payable platform Medius are collaborating to enhance procure-to-pay operations for businesses. Through the partnership, firms can get access to autonomous, touchless invoice processing, the companies said in...
April 30, 2024
Sam’s Club Says AI Exit Scans Are in 120 Stores
Sam’s Club said its artificial intelligence (AI)-powered exit scanners are now in 120 stores. The technology, first announced in January, eliminates the practice of having customers wait in line as...
April 30, 2024
Cleo Adds Order Automation Solution to Enhance B2B Buying Experience
Cleo has introduced an order automation solution designed to help suppliers offer an enhanced B2B buying experience to their customers. The new CIC ORCA (Order-to-Cash Automation) portal delivers an “eCommerce...
April 30, 2024
Improving Transparency of AI use in Procurement
By: Katherine Hurrell & Mark O’Conor (DLA Piper) On March 25, 2024, the Cabinet Office released Procurement Policy Note (PPN) 02/24: Enhancing Transparency of AI Implementation in Procurement. This note offers guidance...
