A small but significant share of consumers steer clear of grocers’ physical stores completely, turning to their smart devices to purchase the foods and beverages they need, PYMNTS Intelligence reveals. By the Numbers For the recent report “Consumer Interest in an Everyday App,” a PYMNTS...
Instacart’s upcoming initial public offering (IPO) will arrive at a time when the grocery sector is poised for rapid growth, as today’s young consumers mature. The aggregator could go public as soon as next week. The news comes as many consumers are increasing their online...
The retail industry is experiencing a significant transformation as digital channels become increasingly influential in driving sales. In “Digital Payments Takeover: Catching the Coming eCommerce Wave,” PYMNTS leverages insights from a survey of nearly 2,700 U.S. consumers to learn more about how their demand for...
Installment payment platforms Splitit and AliExpress are bringing their “Pay After Delivery” offering to the United States. The service, already offered throughout Europe, lets consumers pay for goods after delivery using a “custom-branded experience embedded in the AliExpress checkout flow,” the companies said in a news release Monday (Sept. 11)....
China’s Alibaba Group says the head of its cloud unit — and ex-CEO — will resign. A report Sunday (Sept. 10) by Reuters notes that the departure of Daniel Zhang is a surprise, as he had left his role as the company’s chairman and CEO...
As direct-to-consumer (D2C) coffee brands look to capture the loyalty of Generation Z, Chamberlain Coffee is finding that the more work they remove from the brewing process, the more these young consumers will keep coming back. In an interview with PYMNTS, Liz Ahern, chief marketing officer of the...
As DoorDash pushes to grow its share of online grocery, Tony Xu, CEO of the San Francisco-based aggregator, is reportedly casting doubt on Instacart in the leadup to the rival’s planned initial public offering (IPO). According to Barron’s, Xu said Tuesday (Sep. 5) at Goldman...
Amid a seemingly overwhelming array of nutrition bar options in stores and via direct-to-consumer (D2C) channels, Mosh is touting brain benefits in an effort to win customers in the highly competitive space. In an interview with PYMNTS, Patrick Schwarzenegger, CEO of the snack brand, which...
New York-based eCommerce company Benitago has reportedly filed for bankruptcy. The firm is seeking protection from creditors two years after raising $325 million in funding, The Wall Street Journal (WSJ) reported Thursday (Aug. 31). It listed both assets and liabilities of between $50 million and $100 million. Benitago did...
