Commerce

Commerce or e-commerce, or electronic commerce, and how it has impacted the traditional methods of buying and selling goods.

Source: searchcio.techtarget.com

Visa and Mastercard Interchange Fee Increases May Come in October, April

Visa and Mastercard Interchange Fee Increases May Come in October, April
Visa and Mastercard Interchange Fee Increases May Come in October, April
August 30, 2023  |  Credit Cards

Visa and Mastercard are reportedly preparing to raise the credit card fees paid by merchants. Those increases are scheduled to start in October and April,...

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Omnichannel Boosts Best Buy in Q2 as Nearly One-Third of Sales Are Generated Via App
Omnichannel Boosts Best Buy in Q2 as Nearly One-Third of Sales Are Generated Via App
August 29, 2023  |  Earnings

Best Buy reported better-than-expected second quarter 2023 financial results on Tuesday (Aug. 29), attributing it to the company’s “strong operational execution” and the ability to balance industry sales...

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Luxury Retailers Neiman Marcus and Saks Fifth Avenue Discuss Potential Merger
Luxury Retailers Neiman Marcus and Saks Fifth Avenue Discuss Potential Merger
August 28, 2023  |  Retail

Luxury retailers Neiman Marcus and Saks Fifth Avenue are reportedly in talks to merge. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to...

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Standard AI Adds Google Tools to Speed Checkout
Standard AI Adds Google Tools to Speed Checkout
August 23, 2023  |  Artificial Intelligence

Standard AI said it’s using Google Cloud’s artificial intelligence (AI) tools to improve checkout. The autonomous retail technology company announced Wednesday (Aug. 23) it was integrating Google Cloud into...

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10 C-Suite Execs Share Their Recipe for Sustainable Success
10 C-Suite Execs Share Their Recipe for Sustainable Success
August 23, 2023  |  Business

There are as many ways to do business as there are businesses themselves. And each of those organizations has their own “One Thing” that they...

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Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
Middle-Class Crunch Leads to Consumer Cutbacks and Merchant Trade Downs 
August 23, 2023  |  Consumer Finance

Consumers making between $50,000 and $100,000 may be caught in a middle-income “crunch” these days as inflation’s growth slows while still trending upwards, and real wages stagnate....

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Luxury Retail’s Loyalty Programs Give Big Box Retailers an In-Store Roadmap 
Luxury Retail’s Loyalty Programs Give Big Box Retailers an In-Store Roadmap 
August 22, 2023  |  Retail

For success in retail, innovation can stem from — if not outright imitation — then keen observation. And applying the proven success of others to...

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Holiday ‘Sales Creep’ May Burden Inventory-Laden Retailers
Holiday ‘Sales Creep’ May Burden Inventory-Laden Retailers
August 22, 2023  |  Retail

Right now, the headlines and news stories detailing the deluge of holiday merchandise on retailers’ shelves are a bit whimsical. Christmas is here, is the...

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Retail Earnings Show Digital Shift in Health and Beauty Spend
Retail Earnings Show Digital Shift in Health and Beauty Spend
August 18, 2023  |  Retail

Consumers are proving resilient when it comes to spending on health and beauty products.  That’s one of the takeaways this past week from Target and...

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