eBay concluded last year with a flourish, with results for its last quarter and full year exceeding expectations amid growth in its ranks of buyers. In retail personnel, current Amazon Chief Executive Jeff Bezos will be handing off his CEO responsibilities to Andy Jassy and moving into an executive chairman role. And...
Amazon reported record net sales for its most recent quarter, while the Commerce retailer announced that CEO Jeff Bezos will move to the role of executive chair. In real estate, Porch begins this year more ready than ever to make white-glove moving experiences accessible to the masses. And in payment methods, digitizing B2B...
Alibaba focused on growth and success with its international shopping holiday, which was known as Singles’ Day in the past, for its most recent quarter. In retail trends, the consumer packaged goods (CPG) industry is coming off a banner year, but most experts agree the surge is coming to...
The online marketplace Jane aims to meet the needs of smaller boutiques in the rapidly evolving apparel market. In international retail, consumers in Australia still seek out the physical shopping experience, but in very different ways than they have before. And in digital trends, Zoom provides lessons about the connected economy, while...
German digital commerce upstart Berlin Brands Group is starting on a new plan to purchase smaller companies. In the markets, shares of GameStop have astronomically risen without a material change in their underlying unprofitable business. And in B2B payments, companies are updating and shoring up their payments and reconciliation workflows to suit the new digital...
Neiman Marcus Group is making investments in its supply chain, technology, merchandise and staff. In gas station retail, fuel is a razor-thin business for convenience store chains and independents, but is also a gateway to more profitable merchandise sold inside. And in payment methods, shoppers tend to favor credit...
Starbucks experienced record-high loyalty participation, while drive-thru stores also performed well in the last quarter. In artificial intelligence (AI), Amazon has rolled out Alexa’s newest round of updates and functionalities, and is launching the Guard Plus home security subscription service that turns Alexa into a security guard of sorts. And in restaurants,...
Payments on mobile devices have been on the uptick amid the pandemic, while mobile video consumption has risen during the past year. In brick-and-mortar retail, the U.S. division of retailer L’Occitane has filed for Chapter 11 bankruptcy as it plans to optimize its U.S. store footprint. And in banking, credit unions (CUs)...
Snack startup Quevos secured an investment on the “Shark Tank” reality television show, while consumer packaged goods (CPG) brands such as Hershey’s are getting acclimated with the stay-at-home economy. In brick-and-mortar, luxury chocolatier Godiva is shuttering or selling its North American physical locations. And in international retail, the shift toward digital channels has been especially formidable in the...
