After years of steady price increases, food and packaged goods manufacturers and retailers are reportedly offering more discounts in both the United States and Europe. In the U.S., in the 12 months ending in June, 28.6% of products were sold with promotions such as discounts, coupons...
InsurTech firm AutoRek has partnered with J.P. Morgan Payments to help insurance companies overcome data challenges with a more connected, streamlined infrastructure. With these capabilities, insurance companies can unlock new market opportunities, the companies said in a press release. “By working together, we will unlock many opportunities for insurance...
As the summer season heats up, wealthy vacationers from the Northeast are getting in their cars and heading out to the Hamptons for seasonal luxury, and high-end fashion brands and retailers are seizing on the opportunity to engage these valuable customers. For instance, online luxury...
Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its stores later this month, according to a recent report by the Minneapolis Star-Tribune. “Target is committed to creating an easy and...
Great Britain’s Co-op is teaming with Walmart to expand its online grocery offering. The cooperative convenience store network announced Friday (July 5) that it will work with Walmart Commerce Technologies to implement its online fulfillment technology, “Store Assist.” “Growing our share of the quick commerce market is our focus through both...
In recent years, the grocery sector has faced a burgeoning challenge: the rising tide of theft and fraud. According to data from the Food Industry Association (FMI), a national trade association for the U.S. food industry, this is the most commonly faced challenge for grocers...
Now that the Labour Party’s been ushered into power in the U.K. — in a landslide vote — what’s next for open banking in the United Kingdom? New Prime Minister Keir Starmer has promised an era of “national renewal,” and there are some key tenets...
OpenAI was reportedly hacked last year, raising security fears at the artificial intelligence company. The hacker accessed the company’s in-house messaging system and made off with details about its artificial intelligence (AI) technology, the New York Times reported Thursday (July 4), citing two sources familiar...
Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and newly-added Saudi Arabia, integrating Mastercard’s expertise into Lulu Group’s operation. “The partnership will...
