The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up with an anticipated pullback by banks on traditionally “free” services and products. Amid that pullback, there’s opportunity for neobanks, the...
When Saks Fifth Avenue and Neiman Marcus merge, Amazon’s tech will help them thrive. That’s according to Marc Metrick, CEO of Saks’ online operations, speaking to Bloomberg News Thursday (July 4). This was one day after Saks announced it was purchasing its rival — which also owns Bergdorf Goodman — with Amazon and Salesforce both taking minority stakes....
As Amazon and Walmart gear up for their summer deals events, digitally native brands are seeing the opportunity to scale in ways that would never be possible without these shopping surges. For Pawstruck, an online pet supply company, Prime Day represents a crucial opportunity for...
Are the world’s wealthy falling out of love with luxury goods? An opinion piece published Thursday (July 4) in the Financial Times argues that the rich — and even many people in the “aspirational middle class” — are rethinking things like high-end handbags and expensive sports cars....
Amid the sun-soaked days of July, a surprising holiday has taken gained popularity over the last 90 years: Christmas in July. Once one summer camp’s whimsical tradition, it has become a more widespread phenomenon, with eCommerce merchants and digital streaming platforms taking advantage of the...
July 4th is one of the 11 bank holidays observed in the United States. And yet: Though the branches may be closed, the digital channels still are accessible, which means that the bank holiday, which traces its roots to 1870, really is not a total...
Brands use loyalty programs to increase sales, acquire and retain members, enhance the customer experience and create advocates. Return on investment (ROI) is foremost among any brand’s metric to measure the efficiency and performance of a loyalty program. Since every loyalty program is different, calculating...
The promise of artificial intelligence to generate images from simple text prompts has captured imaginations, with tools like DALL-E and Midjourney producing visuals. Yet, as users push the boundaries of these tools, the limitations of AI’s understanding become apparent. In one example, a viral attempt...
Shoprite is launching an eCommerce service for its Cash and Carry stores to streamline wholesale purchases. The South African wholesale brand is making its venture into eCommerce through the service, which allows customers who buy in bulk to “browse and purchase a wide range of...
