As Amazon and Walmart compete for retail dominance, the two industry giants are implementing generative artificial intelligence across the supply chain to cut costs and boost profits. Amazon shared in a Monday (June 3) blog post how it is using AI at select sites to...
The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle in, essentially wrapping up a busy few weeks of quarterly reports. Huize was up 30%, continuing to ride a post...
As brands reckon with the reemergence of brick-and-mortar as a key priority for consumers, Rent the Runway said an eCommerce-only approach will no longer cut it in the fashion world. The clothing subscription service asserted on a call with analysts Thursday (June 6) discussing its...
How businesses transact with one another defines the ups and downs of the global economy. After all, commercial relationships sit at the center of commerce — and payments sit at the center of commercial relationships. That’s why the future is being built on more flexible...
WhatsApp introduced artificial intelligence tools designed to help businesses use the app to sell products and services. The tools on the Meta-owned messaging and Voice over Internet Protocol (VoIP) app enable businesses to use AI to answer questions commonly asked by shoppers, to create ads...
U.S. Bank has launched a partnership with Greenlight aimed at increasing financial education. The collaboration will give eligible U.S. bank customers complimentary access to Greenlight’s debit card and money app, designed to help families teach their children financial skills, according to a Thursday (June 6) new release. The...
British receipt data startup Slip has raised $3.2 million in seed funding. “Having launched the product last year and seeing great results so far, this capital allows us to accelerate our growth across the U.K., and internationally over the next few years,” Tash Grossman, Slip’s...
Worldwide, when it comes to shopping, consumers no longer think in terms of channels such as in-store or online. For an increasingly larger share, physical stores have become an extension of the digital shopping experience, and shopping is just shopping. This is one prominent trend...
As retailers see consumers trim spending on large-ticket items, many shoppers are turning to secondhand channels to make large purchases such as home furnishings. By the Numbers For the “Consumers Shop Secondhand Stores as Often as Other Retail” installment of the “Consumer Inflation Sentiment Report”...
