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If found guilty in Europe, it could set a precedent for regulators in other markets to take more aggressive action against the Big Tech firm. What punishments could Apple face? Multibillion-euro fines in Europe. New legislation could force Apple to open up access to its NFC chip, which could give smaller rivals a boost while denting the dominance of Big Tech firms鈥� payment platforms.

Not only are underbanked individuals using cash, but others are gravitating to the payment method for emergency protections and for budgeting reasons

Retail ecommerce has entered a new era of slow and steady growth in most countries. This status quo replaces the previous era of spectacular growth and jarring declines.

The news: Amazon announced its Prime Day event will run from July 8 at 12:01 a.m. PDT through July 11, starting eight days earlier than last year and lasting twice as long as previous events. Our take: Amazon recognizes that while consumers have grown more selective about when and where they spend, many will still jump at the chance to save if they find compelling offers. By extending Prime Day鈥檚 duration, adding tech-driven shopping tools, and broadening its footprint across countries and third-party sites, Amazon is turning the event into an inescapable, large-scale retail moment. Even in a margin-squeezed environment, the visibility and sales potential of Prime Day may be too significant for sellers to pass up.

That鈥檚 reflected in UK consumers鈥� adoption of cashierless checkout technologies such as scan-and-go, which is relatively high compared with adoption of other retail tech tools, according to Insider Intelligence and Toluna鈥檚 April 2023 Ecommerce and Media survey conducted via Toluna Start. Hybrid shopping is here to stay.

Beauty is proving resilient to the cost-of-living crisis as shoppers splurge on premium products to boost their mood and skin health. But it won鈥檛 escape unscathed, with consumers already streamlining their beauty regimes and searching for bargains online.

TJX鈥檚 value proposition won over shoppers of all ages and incomes in Q3: That momentum has carried over into Q4, putting the off-price retailer in pole position to benefit this holiday season.

Big Tech has a big problem: The regulatory tide has turned against it. Digital advertising giants face several major lawsuits, and competition authorities are working to launch more before a possible change in leadership following US elections.

UK retail sales are performing better than expected, with consumers still spending despite high inflation鈥攂ut ecommerce will lose further share this year as shoppers continue returning to stores and cut nonessential spending.

The cost-of-living crisis is forcing UK consumers to change where they shop to save money. To attract and keep customers, retailers and brands across all sectors need to invest in loyalty programs鈥攁nd understand what shoppers want from them.

Initiate pre-holiday deals to attract early shoppers. Understand holiday shopping behaviors. More like this:. Holiday season ecommerce spending hasn鈥檛 gotten much earlier, study shows. Deep discounting, mcommerce remain keys to holiday season success. 5 key stats on holiday retail: Shoppers start early, spend on mobile, and rely on buy now, pay later.

In contrast, average spend on ecommerce per digital buyer has grown 47.3% over the same period. To view the full forecast, click here. Click and collect is particularly appealing to millennials. UK millennials and older Gen Zers are the most likely to say they prefer shopping via click and collect.

They captured 32% of ecommerce payment value in 2021鈥攙ersus only 9% at the point-of-sale, per the 2022 FIS Global Payments Report. Mobile wallets鈥� share of ecommerce spend is expected to surpass 34.5% by 2025. The demographics: The youngest consumers are driving UK mobile wallet leadership.

EPI wil pilot a digital wallet and instant payments system after axing its plans for a pan-European payments network

UK food price inflation is hitting record highs鈥攂ut grocery sales are flat. Faced with rising bills, consumers are changing shopping habits to keep spending in check.

Unit sales from non-store retailers鈥攅.g., ecommerce pure plays, markets, and stalls鈥攈ave been trending downward since shoppers were able to return to stores in early 2021, per ONS data. People are also switching to budget stores now: Primark and Aldi, both primarily brick-and-mortar, are among those to have seen strong growth. Shoppers are slashing ecommerce spending on nonessentials.

US grocery ecommerce sales will grow 17.4% in 2024 to total $219.04 billion, according to our forecast. Meanwhile, UK grocery ecommerce sales will grow only 5.1% to total $37.06 billion in 2024. 鈥淎t the end of the day, consumers in the US enjoy the conveniences of delivery, but they鈥檙e not necessarily willing to pay an exorbitant fee,鈥� said our analyst Blake Droesch, emphasizing the perceived value of Walmart+ and Amazon Prime memberships to these shoppers.

Across Europe search will claim a higher share of digital ad spending in 2023 than in other regions. Meanwhile, spending on retail media networks is surging. Total outlays on retail media in Europe hit 鈧�7.9 billion ($7.97 billion) in 2021, according to Interactive Advertising Bureau (IAB) Europe, and are expected to reach 鈧�25 billion ($25.21 billion) by 2026.

On today's podcast episode, in our "Retail Me This, Retail Me That" segment, we discuss the differences between how US and UK consumers shop for groceries. Then, for "Pop-Up Rankings," we rank two grocery stores doing digital well, two taking an alternate approach, and why both can work. Join our analyst Sara Lebow as she hosts analysts Blake Droesch and Carina Perkins.

Discover the dynamic shift toward digital wallets in the US and the UK in the latest podcast episode of "Behind the Numbers: The Banking & Payments Show." Delve into the compelling discourse on how younger generations' move to digital is rendering traditional wallets obsolete. Join host Rob Rubin, our US-based analyst Tyler Van Dyke, and UK-based analyst Carina Perkins as they unravel trends in digital transactions for dining, shopping, and ID verification. In the "For Argument's Sake" section, we dissect the fierce competition for market dominance among industry giants like Apple and Google, established players like PayPal, rising star Paze, and potential disruptors. Tune in for a forward-looking conversation and hit subscribe for the latest insights. Key insights: - Youth-led shift: Analysis reveals a robust trend among younger consumers pivoting to digital wallets for everyday activities, indicating a cultural and technological shift. - Market dominance debate: We uncover the strategic moves by tech titans and emergent challengers vying to capture the largest share of digital wallet users. - Cross-Atlantic perspectives: Insights from US and UK analysts present a diverse view on the adoption of digital wallets, offering a broader understanding of the global digital economy.

TikTok shifts its European algorithm to comply with EU鈥檚 Digital Services Act. The news: TikTok is offering its European users the option to opt out of its signature personalized feed in compliance with the European Union鈥檚 Digital Services Act (DSA),. Opting out will result in users viewing popular global and local videos irrespective of personal interest or viewer history.

The company deprioritized underperforming business units: It sold off the assets of its ecommerce expert platform Hero for a pittance. It scrapped its open banking brand, Kosma, and just last month spun out and sold its Checkout business Kustom. Klarna also cut costs, partly by leaning on AI automation to trim its workforce. The company now employs 3,800 people, down from 5,000 a year ago.