The online eCommerce and retail industries are consistently adapting to new trends and technology, such as Buy Now, Pay Later (BNPL) and other innovations. All successful businesses are resultantly aware that flexibility is the key to longevity and maintaining customers. But, while recent years have seen a focus on eCommerce, this is expected to make up […]
In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […]
Ingenico, the payments acceptance solutions provider, has inked a deal with Swedish buy now, pay later (BNPL) firm Klarna. Klarna will utilise Ingenico’s cloud payments platform as a service tool… The post Ingenico partners with Klarna to offer in-store payment solutions appeared first on Latest Retail Technology News From Across The Globe – Charged.
Many UK retailers reported strong Christmas performances this week, with Tesco, M&S, Sainsbury’s and the discounters leading the way, albeit in part fuelled by inflation. In this article, we look at the key retail technology takeaways from an eventful five days of festive results. 1. Never underestimate the power of Click and Collect Marks and […]
Home improvement retailer Wickes has announced a tie up with buy now, pay later giant, Klarna in a sector first. The partnership will now provide customers with more payment options… The post Wickes ties up with BNPL giant Klarna appeared first on Latest Retail Technology News From Across The Globe – Charged.
The Atlantic has a piece about the growth of “buy now, pay later” programs – “from 2019 to 2021, the total value of buy-now, pay-later (or BNPL) loans originated in the United States grew more than 1,000 percent, from $2 billion to $24.2 billion. That’s still a small fraction of the amount charged to credit […]
While many point to the pandemic as the catalyst responsible for changing today’s retail customers, in reality, the “retail customer” has been evolving for some time. Over the past several decades, consumers’ lives have grown busier and more complex while also being offered more choices spanning retail and digital, and shoppers have come to expect […]
While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns […]
Klarna has launched in high-street retailer Boots, allowing customers to spread the cost of Christmas. The BNPL tool will now be available to use in-stores on over 2,000 stores across… The post Klarna launches in Boots stores across the UK appeared first on Latest Retail Technology News From Across The Globe – Charged.
A Walmart-backed fintech startup called One plans to launch a buy now, pay later (BNPL) payment service as soon as next year, according to three people familiar with the matter. The news could put the world’s largest retailer in competition with other fintech lenders. One, which Walmart hopes will morph into an all-in-one app where consumers can […]
Walmart-backed startup One is reportedly preparing to launch a buy now, pay later (BNPL) payment service as soon as next year, people familiar with the matter told CNBC. The company was motivated by the pressure of inflation and its impact on shoppers’ needs. Walmart has been a beneficiary of shoppers trading down to save on […]
It’s the question every marketer is asking: “How can our brand connect with Gen Z?” In less than a decade, Gen Z’s income will outpace millennials. They’re also the most active generation on social media. Together, these stats alone make them the most coveted demographic for brands. In a crowded market that’s dominated by Amazon.com, […]
Buy now pay later giant Klarna has globally launched its new creator platform, now allowing retailers and influencers in all of its 45 markets to access the feature. First launching… The post Klarna launches new global creator platform appeared first on Latest Retail Technology News From Across The Globe – Charged.
Shopper turnout for Thanksgiving Weekend handily exceeded expectations — a record 196.7 million shoppers went shopping for great deals, compared to 179 million in 2021 and 30 million more than the projected turnout of 166.3 million, according to the National Retail Federation (NRF). The growth was in line with an equally successful digital weekend, capped […]
Consumers spent a total of $11.3 billion online on Cyber Monday, representing 5.8 percent growth year-over-year (YoY), according to Adobe Analytics. It registers as the biggest online shopping day of all time. In the peak hour (8:00 p.m. to 9:00 p.m. Pacific), consumers spent $12.8 million every minute. On Cyber Monday, online spending was driven by purchases of toys, with sales growing 684 […]
Dive Brief: Following a mixed bag of Black Friday results, Cyber Monday brought in a record $11.3 billion in total spend, marking 5.8% growth year over year, according to data from Adobe Analytics. At the peak hour of 8 p.m. to 9 p.m. Pacific Standard Time, consumers were spending $12.8 million every minute, per Adobe. Toys, electronics and computers […]
Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe Analytics, which tracks sales on retailers’ websites. Overall, online Black Friday sales were up 2.3 percent year-over-year. Adobe also predicted that consumers were set to spend more than $9 billion online over the weekend ($4.52 billion on Saturday, $4.99 billion […]
In a first indication of what to expect as we enter the heart of the 2022 holiday season, digital Black Friday sales hit record highs despite inflationary pressures, topping $9.1 billion and up 2.3% year-over-year according to data from Adobe Analytics. Salesforce recorded even bigger success, with its data indicating that digital sales grew 12.1% […]
Amazon will begin offering Venmo as a payment option on its website and app, rolling it out to select customers immediately and available to all U.S. shoppers by Black Friday. Amazon shoppers will be able to add their Venmo account as a payment method for their Amazon account and even set it up as their […]
It was always going to be a controversial move and sure enough, eyebrows were raised when food delivery firm Deliveroo announced its partnership with buy now pay later (BNPL) company… The post Deliveroo X Klarna: The story behind the ‘eat now, pay later’ backlash appeared first on Latest Retail Technology News From Across The Globe […]
We live in the age of embedded finance, where non-financial organizations are seamlessly integrating financial services into their customer journey. In fact, most major retailers have added a third-party financing service to their checkouts — like Klarna or Afterpay — to offer split payments, point-of-sale (POS) installment loans, and lines of credit. But there are […]
Sebastian Siemiatkowski, Co-founder and CEO at buy now, pay later big hitter Klarna, has been at it again on Twitter. Early last week, he set his sights on Martin Lewis, after the financial journalist, broadcaster and founder of the MoneySavingExpert website criticised Deliveroo for adding Klarna as a payment option. Dear @Deliveroo do you really […]
We’re now accepting nominations for our Top 100 Retail Technology Influencers List of 2023. This annual offering, which is presented in no particular order, covers retailers, technology suppliers, startups, consultants, analysts, and thought leaders who are making an impact in the retail technology space. Does that sound like you or one of your colleagues? If […]
Martin Lewis has criticised food delivery service Deliveroo for adding BNPL service Klarna as a payment option. Klarna has been added to the app as an option alongside credit, debit… The post Martin Lewis slams Deliveroo for adding Klarna option appeared first on Latest Retail Technology News From Across The Globe – Charged.
Adobe expects U.S. online holiday sales to hit $209.7 billion in the period from Nov. 1 to Dec. 31, 2022, a 2.5% increase over holiday 2021. Adobe also expects more of this spending to come earlier in the season due to early shopping holidays such as the second Amazon Prime Day. The projected growth is […]
Convenience retailer 7-Eleven is teaming up with retail and consumer investment and innovation firm, True, to find innovative ways to simplify store operations in the US and Canada. The pair are hoping to find innovators and businesses that can free up time for 7-Eleven associates so they can focus on the customer and provide excellent […]
Online shopping sales are expected to reach $209.7 billion this holiday season (Nov. 1 – Dec. 31), representing a 2.5 percent year-over-year (YoY) growth, according to Adobe. Based on Adobe Analytics data, the report provides a comprehensive view into U.S. e-commerce by analyzing more than 1 trillion visits to U.S. retail sites, 100 million SKUs and 18 product categories. […]
Afterpay has introduced a new monthly payment solution giving consumers “even more choice, flexibility and time to pay.” The BNPL giant’s new solution will enable consumers to budget their money… The post Afterpay introduces new monthly payment solution appeared first on Latest Retail Technology News From Across The Globe – Charged.
Nordstrom Chief Technology and Information Officer Edmond Mesrobian will this week step down from his position, according to a filing with the Securities and Exchange Commission. The retailer is currently searching for his replacement. Mesrobian joined Nordstrom from Tesco in 2018, taking on a role that had been vacant for over a year. Highlights of […]