Trends: Finance

Article about trends in Finance

  1. Technology & Innovation

All Saints founder Stuart Trevor unveils new fashion brand, powered by Stored payments technology

All Saints founder Stuart Trevor is introducing a new eponymous brand that creates clothes solely from discarded material, and taps technology from Stored, a mobile payments startup. “I am excited to see our payment technology align with Stuart Trevor’s visionary approach. This partnership exemplifies our commitment to redefining the shopping experience, where sustainability and convenience […]
2 min read
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  1. Shopper & Customer

FTC’s ‘Click-to-Cancel’ Proposal: A Step Forward for the Negative Option Model

So-called “negative option” services are a controversial yet time-tested method of doing business. Under this model, a customer signs up for a subscription service, typically as part of a free trial offer. The customer is then charged on an ongoing basis unless they explicitly cancel the service in question. The folks at the Federal Trade […]
4 min read
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  1. Shopper & Customer

Top Marks: How Retailers Can Stay One Step Ahead of Savvy Back-to-School Shoppers

For many retailers, the back-to-school season is one of the biggest events of the year — and 2023 is looking to be no exception. According to the National Retail Federation (NRF), total expected spending will be $890 per U.S. household for back-to-school shopping in 2023, for a total of $41.5 billion. Back to college looks to […]
4 min read
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  1. Data & Insights

6 Consumer Trends Shaping 2023 Holiday Shopping

Upcoming days to look forward to – Halloween, Thanksgiving, Black Friday, Cyber Monday, Christmas, Boxing day and New Year’s – which only means one thing for the e-commerce stores. THE BUSIEST SHOPPING SEASON OF THE YEAR. 59% of US consumers planning to shop online this year, and 63% of consumers are planning to spend more […]
5 min read
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  1. Technology & Innovation

The impact of payment methods on casino growth

Payment methods with fast transactions are in high demand in the casino space. Everyone wants an app that can process deposits instantly. And when they need to withdraw their winnings, they expect their banking partners to facilitate quick withdrawals. Surprisingly, wire transfers are still a popular payment option in the casino sector despite processing payments […]
4 min read
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  1. Channel: Ecommerce & Digital

Amazon Pay Adds BNPL Option for Prime Visa and Amazon Visa Cardholders

Prime Visa and Amazon Visa cardmembers can now make equal monthly payments for items they purchase on tens of thousands of participating online retail sites when they use Amazon Pay. Consumers will be able to split payments across six or 12 months at 0% APR on purchases of $50 or more. Eligible Prime Visa and […]
< 1 min read
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  1. Shopper & Customer

A cross-border spotlight: How to market to the Canadian Gen Z audience

It’s not an easy time for anyone to be navigating the world right now – what with economic, social and environmental headlines constantly reminding us of the instability of things. It’s even more difficult for Gen Zs; individuals who have experienced setbacks and missed out on milestones thanks to the pandemic but still need to […]
4 min read
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  1. Trends & External Forces

Fraud is Taking a Financial Toll on the Retail Industry

The retail industry is impacted by fraud every day — and oftentimes every hour — as incidents continue to run rampant. Bad actors infiltrate both small and large businesses regularly, resulting in billions of dollars in losses for retailers each year. In fact, fraud cost Americans nearly $8.8 billion in 2022, with 2.4 million consumers […]
3 min read
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  1. Shopper & Customer

How E-Commerce Can Harness Payments Innovation to Meet Consumer Demands for Back-to-School

In today’s ever-evolving digital landscape, the checkout process has emerged as a pivotal moment for online merchants to not only differentiate themselves from competitors but also deliver an exceptional shopping experience for their customers. As the demand for convenience continues to grow and new payment methods gain popularity, retailers must understand how to best leverage […]
2 min read
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  1. Retail Operations

Sweaty Betty deploys NewStore mobile first omnichannel platform in UK and Ireland stores

Sweaty Betty has rolled out NewStore’s mPOS solution in 73 stores across the UK and Ireland. By replacing its legacy PoS with this tech, the London-based brand now runs its retail operations entirely on iPhone, laying the groundwork for its omnichannel transformation.  “Sweaty Betty has quickly grown from a small London boutique to an international […]
2 min read
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  1. Channel: Ecommerce & Digital

Amazon Sees Record-Setting Prime Day Sales

The Seattle Times reports that “Amazon marked its largest sales day ever Tuesday, the start of a two-day Prime Day sales event that saw shoppers spend billions to buy more than 375 million items, the tech and e-commerce giant said Thursday after the sale ended.  “Prime Day spending in the U.S. clocked in at $12.7 […]
2 min read
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  1. Channel: Ecommerce & Digital

Prime Day 2023 Marks Biggest Day of Sales in Amazon History

July 11, 2023, the first day of Amazon’s annual Prime Day sale, was not just the largest single sales day in Amazon’s history, it was also the biggest day for ecommerce sales thus far this year, according to Adobe. Data from Adobe Analytics showed that U.S. consumers spent a total of $12.7 billion over the two-day event, up […]
2 min read
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  1. Channel: Ecommerce & Digital

Prime Day 2023 Marks Biggest Day of Sales in Amazon History

July 11, 2023, the first day of Amazon’s annual Prime Day sale, was not just the largest single sales day in Amazon’s history, it was also the biggest day for ecommerce sales thus far this year, according to Adobe. Data from Adobe Analytics showed that U.S. consumers spent a total of $12.7 billion over the two-day event, up […]
2 min read
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  1. Data & Insights

Future retail marketing: creating personalised and engaging omnichannel journeys

In the ever evolving retail landscape, the key to securing and retaining customers lies in creating a seamless and personalised experience across multiple channels. This paradigm, often referred to as omnichannel marketing, has been further amplified in the age of digital transformation. As customers expect more integrated, personalised, and engaging shopping experiences, retail marketers are […]
5 min read
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  1. Corporate Strategy

The MACH Alliance announces executive board changes and flags growth in North America

The MACH Alliance, a group of companies focused on advocating for open, best-of-breed technology ecosystems, has announced changes to its executive board and leadership team. Board elections take place every year with each term lasting two years. Executive board members are permitted to serve a maximum of two terms. The MACH Alliance says that the […]
2 min read
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  1. Technology & Innovation

MACH Alliance taps into FinTech as PayPal becomes first company to join Supporter membership category

MACH Alliance, a group of tech companies focused on advocating for open, best-of-breed technology ecosystems, has announced PayPal as the first company to join its new Supporter membership category. The move represents the expansion of MACH Alliance into the FinTech sector. The Supporter membership category is for companies that sit outside of the requirements for […]
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  1. Data & Insights

Retail Traffic Trends #131: The Next Big Hurdle

The accessibility of AI tools like ChatGPT has empowered individuals worldwide, revealing the remarkable capabilities of these tools. From answering questions and crafting poetry to generating texts in the styles of renowned authors and facilitating translation, the possibilities seem endless.  This week we look at how new technologies have the potential to have unique use-cases […]
2 min read
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  1. Associates & Employees

Leveraging Fintech to Improve Employee Experience and Retention

When many brick-and-mortar retailers closed their doors during the COVID-19 pandemic, cutting operational costs, including payroll, was a primary concern for business owners. Three years later, the retail sector is facing a very different set of challenges. Last quarter, the retail sector’s growth rate outstripped pre-pandemic levels. While that’s a positive trend for retail overall, […]
2 min read
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  1. Technology & Innovation

2023 RTIH retail technology awards: FinTech of the Year category now open for submissions

The fifth edition of the RTIH Innovation Awards is now open for entries. The awards celebrate global tech innovation in a fast moving omnichannel world and include a FinTech of the Year category. Deadline for 2023 submissions is Friday, 27th October, with winners being revealed at an exclusive event at the Barbican in central London […]
2 min read
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  1. Technology & Innovation

Starring AiFi, ZERO10, and Slalom: Check out last week’s most read RTIH retail technology articles

These are the RTIH articles that caught your fancy last week, including EE, Barclaycard, the Isle of Wight Festival 2023, no-boxx, Valtech, commercetools, MACH Alliance, and Brave Bison Commerce. UK mobile network giant EE seeks to reinvent retail with new Studio store launch at Westfield London EE has opened a new flagship store, The EE […]
4 min read
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  1. International

UK mobile network giant EE seeks to reinvent retail with new Studio store launch at Westfield London

EE is this week opening a new flagship store, The EE Studio, located in Westfield London, White City. Focused on connectivity and technology solutions, the 4,230-square-foot location will also serve as a hub for the local community to work, learn and play.   The launch forms part of EE’s new strategy, which, the company says, “seeks […]
2 min read
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  1. Partnerships & Alt Profit

AstroPay extends partnership with English Premier League football team Wolverhampton Wanderers

AstroPay, a FinTech and online payment solution specialist, has announced the extension of its principal partnership with English Premier League team Wolverhampton Wanderers Football Club, also known as Wolves. Having inked a sponsorship deal in 2021, AstroPay has worked with Wolves to provide fans with a range of experiences, rewards and prizes. As part of […]
2 min read
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  1. Trends & External Forces

Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big […]
4 min read
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  1. Data & Insights

ChatGPT’s competitors and the unique differences between AI chatbots

Since OpenAI launched ChatGPT, it has become synonymous with this new generation of advanced chatbots and the generative text AI that made them possible. However, there are many developers competing in this field who offer different and more unique AI experiences. Let’s talk about these underrated AI projects and the importance of different chatbot experiences […]
3 min read
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  1. Shopper & Customer

What Consumer Spending is Signaling to Retailers

How consumers spend their money through the holidays can often be a bellwether for trends in the months and years to come. With that in mind, the SpendTrend team at Fiserv took a deep dive into consumer spending patterns from Q4 of 2022. It found that increases in credit usage, contactless payments, and omnichannel interactions […]
3 min read
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  1. Channel: Mass

Target Corporation Reports First Quarter Earnings

MINNEAPOLIS, May 17, 2023 /PRNewswire/ —  For additional media materials, please visit:https://corporate.target.com/article/2023/05/q1-2023-earnings Target Corporation (NYSE: TGT) today announced its first quarter 2023 financial results, which reflected continued traffic and sales growth in an increasingly challenging environment. The Company reported first quarter GAAP earnings per share (EPS) of $2.05, down 4.8 percent from $2.16 in 2022. First quarter Adjusted EPS1 of $2.05 decreased 6.2 […]
5 min read
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Editor’s Choice

  1. Channel: Grocery
  2. Channel: Mass
  3. Department: Adult Beverage
  4. Department: Beverage
  5. Department: HBC
  6. ESG
  7. Partnerships & Alt Profit
  8. Media & Marketing
  9. Retailer Media
  10. Agencies & Vendors
  11. Retail Ecosystem
  12. Data & Insights
  13. Shopper & Customer
  14. Trends & External Forces
  15. Retail Operations
  16. Operations & Supply Chain
  17. Stores & Formats

Hy-Vee launches RedMedia omnichannel retail media network

Hy-Vee launched the full-scale version of its retail media network, called Hy-Vee RedMedia, at the Groceryshop 2023 conference this week in Las Vegas. The West Des Moines, Iowa-based retailer described the platform as a disruptor in the retail media landscape that will connect brands directly with Hy-Vee’s customer base across multiple platforms, including both online […]
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  1. Channel: Delivery
  2. Channel: Ecommerce & Digital
  3. Channel: Grocery
  4. Channel: Grocery - Natural
  5. Department: Food
  6. Acquisitions, Divestitures & Mergers
  7. Corporate Finance
  8. Partnerships & Alt Profit
  9. Shopper & Customer
  10. Start Ups
  11. Technology & Innovation
  12. Trends & External Forces
  13. Associates & Employees
  14. Operations & Supply Chain
  15. Stores & Formats

Instacart stock languishes after IPO

Instacart saw its share price erode in the two days following its initial public offering, after it rose 12.7% in its first day of trading on the NASDAQ exchange. The stock settled down to just slightly over its IPO price of $30 per share on Wednesday, its first full day on the exchange, then ranged […]
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  1. Retailer Media

Retail Media Metrics

#30DaysofRetailMedia | Day 21: Retail Media Metrics Metrics help brand advertisers measure retail media effectiveness. Key performance indicators (KPIs) span the full marketing funnel, as consumers can enter anywhere. Brand advertisers: 🎯 Choose KPIs according to their objectives📊 Measure baseline results for meaningful comparisons🌟 Review their metrics for data insights to optimize their processes and […]
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  1. Holiday & Events
  2. Trends & External Forces
  3. Holiday & Events

The big chill: Holiday retail sales 2023 expected to slow

Experts predict slow growth in 2023 holiday sales as consumers tighten their belts in a tough economy, but e-commerce will remain a bright spot. Stores are filling with displays of holiday decorations and holiday-themed merchandise as retailers eagerly prepare for the annual shopping surge, but consumers may not be as excited. Forecasts for 2023 holiday […]
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