June 12, 2024
Inflation Moderates; But Consumers Pay More on Rent and Dining...
The headline number on inflation indicates a slight cooling of the pace of rising prices, at least in May. But the data released Wednesday (June 12) by the U.S. Bureau...
June 11, 2024
Consumer Spending Shows Signs of Summer Recovery, but Retailers Are...
Consumer spending is beginning to show signs of recovery going into the summer, but major retailers are not getting their hopes up. Findings from the National Retail Federation’s CNBC/NRF Retail...
June 10, 2024
OpenAI Names Ex-Nextdoor CEO Sarah Friar as CFO, Kevin Weil...
OpenAI has named a new chief financial officer (CFO) and a new chief product officer (CPO) as it prepares for its “next phase of growth.” Sarah Friar, former CEO of Nextdoor, has...
June 09, 2024
Walmart Says PhonePe and Flipkart IPOs Years Away
Walmart’s India-based eCommerce marketplace and payments company aren’t quite ready to go public. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for...
June 07, 2024
Apparel Retailers Use New AI Features to Reduce Online Returns
As clothing brands and retailers continue to struggle with the costly problem of returns, many are turning to artificial intelligence to help consumers buy products they will actually want when...
June 07, 2024
Making Sense of the Cost of Cash for Businesses
Increasingly, the most used wallet in a shopper’s pocket isn’t the leather one. It’s the digital wallet in their phone. That’s also the case with the money they use to...
June 07, 2024
Walmart to Replace Paper Price Tags With Digital Shelf Labels
Walmart has begun rolling out digital shelf labels (DSLs) in its stores. Following a test at the retailer’s location in Grapevine, Texas, the technology will be expanded to 2,300 stores...
June 07, 2024
Amazon and Walmart Use GenAI to Cut Vendor Costs
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...
June 06, 2024
Paytm Continues to Lose Digital Payments Ground to Google and...
India-based Paytm’s share of the country’s Unified Payments Interface (UPI) continues to slip. The FinTech made up 8.1% of total UPI transactions last month, down from 13% in January, the...
