Ditching Netflix to pay for groceries: Consumers in the US and UK show a willingness to cut back on media and retail subscriptions as the cost of living skyrockets.
Customer-to-customer payments volume dropped 13% YoY in Q2. But it outlined three initiatives to help it reverse declines in H2.
We talked with our Reimagining Retail team to see if they could provide a little insight.
China leads the world in retail ecommerce share, with 45.3% of the country’s retail sales occurring online this year. The UK will take the No. 2 spot, with a 35.9% share, followed by South Korea, where 30.1% of retail sales will be via ecommerce.
Retailers enhance their rewards programs as inflation shifts consumer spend: But that’s easier said than done, as overly complex rewards can steer away customers rather than encourage their loyalty.
Krystal Walker, Director of Beauty Development and Customer Experience at CVS Health, spoke with Insider Intelligence about the launch of Skin Care Centers.
Following a 13% YoY increase in payment volume, CEO Dan Schulman said PayPal will focus on core functions, including checkout and digital wallets.
In our 2022 US Retail Sustainability Perceptions Benchmark report, we analyze the top sustainability features that consumers look for when shopping at general merchandise retailers.
Though the beauty category may not be inflation-proof, L'Oréal had a great first half of the year as the return to in-person life continued.
American Express Global Pay helps meet demand for all-in-one payment solutions as SMBs digitize.
Plagued with supply chain issues and climbing operating costs, the first half 2022 has put footwear on its heels.
Consumer spending on travel soars in Q2: That’s why companies like Airbnb and American Airlines are far more bullish than retailers about their outlooks for the rest of the year.
The all-cash deal values Atlanta-based EVO Payments at $4B and can help Global Payments improve its B2B offerings.
Until last year, worldwide ecommerce sales growth had always exceeded 20% per annum.
YouTube is the most trusted US platform for social commerce.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss the state of consumer spending, inflationary pressures, and other numbers to keep an eye on. Then for "Pop-Up Rankings," we rank the top three companies that will ride out this time of economic uncertainty smoothly—and discuss one we think will have a tougher time. Join our analyst Sara Lebow as she hosts analysts Suzy Davidkhanian and Andrew Lipsman.
While others are struggling, luxury brands are taking a victory lap.
Mastercard’s gross dollar volume increased 14% YoY in Q2. The firm said it’s ramping up value-added services and investing in innovation to sustain growth.