May 11, 2023
Krispy Kreme Now a ‘Doughnut Logistics Company’ as Online and...
As consumer buying patterns shift and its delivered fresh daily (DFD) hub and spoke model evolves internationally, Krispy Kreme is seeing strong returns, particularly in eCommerce and expansions to more...
May 11, 2023
The RealReal Sharpens Resale Focus but Still Reports Loss
It was once said, “The RealReal is a total mess and I can’t quit it.” That said, keeping up with the company’s progression has been an engrossing tale to follow,...
May 11, 2023
Digital Payments Makeover Continues for Beauty Services Industry
Despite being among the worst hit by the pandemic, the beauty services market has begun to rebound. Sales in the United States have reached nearly 70% of their pre-pandemic levels...
May 10, 2023
Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes...
For the online car platforms, the path towards profitability is a bumpy one … … and the macro pressures are hardly in the rearview mirror. Earnings commentary from some of...
May 10, 2023
UK Leads US in Retailers Staying Ahead of Instant Payments...
With the rise of online shopping, in-store retailers are under pressure to make innovation in real-time payment alternatives and omnichannel marketing — strengths of eCommerce — mandatory in order to...
May 10, 2023
Otto Group Taps Covariant to Bring AI to Logistics
European eCommerce giant Otto Group says it is embracing an “AI-driven future.” To that end, the company announced Tuesday (May 9) it has formed a partnership with Covariant, an artificial...
May 10, 2023
Twitter to Add Encrypted Direct Messages and Voice and Video...
Twitter will be adding encrypted direct messages (DMs) and voice and video chat to its app. The encrypted DMs “should happen” Wednesday (May 10) and the voice and video chat...
May 10, 2023
The Honest Company Waves Bye to China and the EU
While many brands and retailers continue to make big bets on China, Jessica Alba’s consumer packaged goods (CPG) company The Honest Company is exiting the market altogether along with Europe...
May 10, 2023
Report: TikTok Winds Back US Shopping Launch
TikTok has reportedly paused launching its U.S. shopping platform over fears of a ban. ByteDance, the social media company’s Chinese owner, has delayed opening the store, dubbed TikTok Shop, to...
The U.S., U.K. and Europe are intensifying their efforts to develop and deploy the policies and infrastructure necessary to advance the use cases and real time payments volume of their domestic networks. This month’s “Real-Time Payments World Map,” a collaboration with The Clearing House, explores the progress and future developments of real-time payments across these regions.
The United Arab Emirates boasts a robust digital market, with 89% of retail shoppers leveraging digital tools in physical stores and the second highest ranking in customer satisfaction among the six countries studied. A new 31-page PYMNTS Intelligence report, “2024 Global Digital Shopping Index: UAE Edition,” commissioned by Visa Acceptance Solutions, examines the state of digital shopping in this country where merchants are challenged to keep pace with shopper’s digital needs.