This year’s holiday season will be digital-first, and digital-only, for many companies, but estimates on holiday spending vary. In subscriptions, Amazon and Walmart are vying for an increasing portion of consumer spend – and the rivalry could increase with Walmart’s newly rolled out Walmart+. And in payments innovation, restaurants...
Amazon set another record-setting quarter amid a pandemic that has driven consumers online, while it hired more employees to staff its fulfillment network. In retail, a spike in coronavirus cases is adding fuel to the digital-first economy as merchants and restaurants have upped their game instead of being caught flat-footed...
eBay reported progress in migrating users onto its managed payments platform as part of its third-quarter earnings report. The company also expressed sufficient optimism in the digital-first economy to revise its full-year guidance. And in faster payments, companies are searching for ways to modernize payments...
Membership-based grocery Thrive Market secured a designation as a B-corp after basing its brand on eco-friendly products and a sustainable business model for six years. In technology, payments orchestration is emerging as an effective way to bring firms up to speed as they find their digital operations wanting, while in banking, credit unions are...
Hybrid fitness site Moxie launched on Tuesday (Oct. 27) to enable trainers to work from home, which lets them reach new and current customers. And Amazon reports earnings this week on the heels of Q2 that enjoyed every benefit of a COVID-driven digital-first economy. And...
Ahold Delhaize has registered double-digit expansion in online sales since the pandemic began. In consumer payments, merchants and financial institutions (FIs) are eyeing new retail payment experiences amid COVID-19, while in eCommerce, a sizable share of consumer disputes with merchants are over packages that aren’t delivered. And in B2B payments, J.P. Morgan Chase recently...
Retailers have been rethinking discounting merchandise for Black Friday, mostly because of the deep discounting that became a necessity in March when COVID-19 first took hold. In eCommerce, analysts have differing views on the outcome of Amazon Prime Day, with some saying the tea leaves...
More and more companies are looking to go it alone through direct-to-consumer (D2C) sales thanks to a surge in digitization brought about by the coronavirus. In one case, a post-pandemic disruption of digital marketplaces has powered growth for VTEX’s D2C business with retailers and brands. And in B2B...
Consumers will spend less overall this holiday season, while they will spend more time online. They are also more frequently choosing contactless payment methods in stores. In eCommerce, eBay is rolling out a new reCommerce marketplace, while, in omnicommerce, businesses have to create stronger and more effective cross-border and digital commerce operations. All...
