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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.

Roblox wants to be an ecommerce platform: After a pilottesting physical goods sales with Walmart and E.l.f. Beauty, the gaming platform sees big potential in online sales.

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

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.

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.

Amid growing concerns over trade tensions and economic volatility, many global brands are reallocating budgets geographically鈥攕hifting spend away from vulnerable regions and toward more stable markets like Canada, Europe, and Australia. Marketers are trading guesswork for guarantees鈥攑rioritizing retail media and CTV for their measurability, accountability, and performance clarity.

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.

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:.

What happened: Earlier this year, a Canadian court ruled against Air Canada after its chatbot gave incorrect information about a funeral policy. The airline's defense that the chatbot was a separate legal entity was dismissed.

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.

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.

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.

Streaming music, podcasts, and radio apps have changed the complexion of audio listenership in Canada. Over the past decade, digital audio has grown to a level that now rivals the traditionally strong radio listener base.

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.

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

National Bank is taking a similar approach in Canada. What鈥檚 next? Despite legal and regulatory battles, open banking is seen as the 鈥渘ext step in banking technology,鈥� per Payments Dive. Large banks have already seen the commercial potential and invested significantly.

Netflix has completely removed the basic membership plans for everyone, including existing members in Canada this month. According to The Verge, users in Canada and the UK began to receive prompts earlier this month stating that July the 13th was the last day that viewers on this plan could continue watching content. Paul, what will this mean for the Netflix subscription landscape in Canada?

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.

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.