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We could see similar experiments in other countries where Google pays news organizations to use their content, such as Canada or Australia.

A spending slowdown in Canada, Clover鈥檚 largest international market, also hurt volume. What鈥檚 next? Fiserv is leaning on acquisitions to expand its operations and accelerate growth. The company made four international acquisitions in the last two months. Fiserv acquired Canada-based Payfare to grow its embedded finance capabilities and push further into serving the gig economy.

Computer and consumer electronics must mount a Prime Day comeback for Amazon to recharge its ecommerce growth. Amazon鈥檚 recent slowdown in ecommerce growth can be attributed largely to soft demand in one of its most critical categories鈥攃omputer and consumer electronics. Computer and consumer electronics is vital to the health of Amazon鈥檚 ecommerce business.

Large Canadian banks saw a decline in customer satisfaction from 2022, with midsize banks performing better in a few key areas.

ChatGPT is the talk of 2023. In the banking industry, generative AI technology has promising use cases in marketing and customer service, and it has the potential to make machine learning applications more accurate and efficient.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

Three of Latin America鈥檚 most prominent retail and ecommerce players鈥擬ercado Libre, Falabella, and Walmart Mexico鈥攚ere among the leaders of the fastest-growing companies ranked by digital advertising revenues. Tesco launched Tesco Media and Insight in November 2021, powered by its data science and loyalty division, dunnhumby.

Pinterest's collaboration with Tastemade on its first streaming show illustrates its commitment to integrating entertainment with shopping, enabling viewers to interact with shoppable pins via QR codes. A key aspect of Pinterest's strategy is its focus on data transparency and precision in advertising.

FreedomPay will become Toast鈥檚 preferred payments gateway partner for some large restaurant brands in the US and Canada, according to a press release. A separate tie-in with Marriott International will make Toast鈥檚 technology available to food outlets within Marriott鈥檚 Select service hotels in the US and Canada, per another release. Why it matters:.

US cross-border buying really took off in the years prior to the pandemic due to the rise of ecommerce marketplaces that offered trust, English-language listings, ease of payments, and free or inexpensive shipping and returns. Nearly a third of all US digital buyers will make overseas purchases online in 2024.

Key clients: eBay, Ikea Canada, Heineken, Xbox, Hellmann鈥檚. Retail media and ecommerce. Retail media is the fastest-growing ad category we track, and it is expected to remain that way through at least 2028. This year, we expect US retail media ad spending to grow by 26% YoY to $54.48 billion. It will continue growing at annual rates above 20% through 2028, when it will top $128 billion.

The trend: Retailers are looking to in-store retail media to give their advertising businesses a boost as more shoppers return to stores. Canadian grocer Loblaw is adding digital screens to over 500 stores to give brands the opportunity to target in-store shoppers.

The company previously only operated in the US and Canada. The provider scored a partnership with Apple Pay, widely expanding its availability in stores as well as online. Affirm also added new BNPL options like Pay in 2 and Pay in 30, offering customers more payment flexibility. Our take: Last year, concerns abounded over BNPL fintechs鈥� profitability and long-term viability.

If marketplace sellers raise prices as expected, the impact on Amazon shoppers would be significant, since we expect roughly $2 out of every $3 (66.8%) US shoppers spend on the platform this year will go to those third parties.

Moving across the US-Canada border can be the first step toward international expansion for retailers. Canadian brands like lululemon athletica and Aritzia are thriving in the US. Meanwhile, US-based companies Lowe鈥檚, Nordstrom, and Bed Bath & Beyond recently announced they were leaving Canada. And let鈥檚 not forget Target鈥檚 famous Canadian failure. Here鈥檚 a look at how brands on both sides of the border have fared, and the lessons you can learn from them.

To boost D2C sales from its ecommerce website, Gatorade released a loyalty program that allows consumers to collect points for purchasing qualifying products in-store or online and by engaging, for example, by referring friends or subscribing to emails.

So Gatorade has launched an omnichannel loyalty program and also the idea is that it's also going to boost its D two c e-commerce site. Now, I'm not saying that this D two C site is going to be uber successful, but what I think is interesting is the loyalty part of things.

Walmart already offers BNPL to select customers in Canada through a partnership with Duo Bank of Canada. It also lets customers check out using BNPL through a partnership with Affirm. It鈥檚 unclear how the new BNPL product from ONE will affect either of these. The opportunity: Walmart can grab a slice of the popular US BNPL market.

GenAI is on the agenda for most retailers in 2024: Walmart, Target, Canadian Tire, and others are turning to the tech to boost customer and employee satisfaction.

Secondhand shopping is soaring: We expect resale volumes will grow more than twice as fast as total US retail sales through 2026.