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The current economic landscape is leading consumers to be more mindful of how they’re spending their money. That means today’s customers are shopping around for the best deal more than ever, presenting a significant challenge for business owners, especially if they’re trying to compete with bigger brands that have lower […]
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Enhanced supervisory technology (SupTech) with strong governance and skilled human oversight could well have important benefits for financial regulators around the in efforts to increase economic stability in their nations and around the globe, said a report prepared for the G20. “SupTech could improve oversight, surveillance and analytical capabilities, and […]
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CEO and Founder of CommerceIQ, the e-commerce channel optimization (ECO) platform that enables consumer brands to win in e-commerce. Getty As I write this, we’re all being inundated by news about Covid-19. It dominates our conversations because it’s affecting every aspect of our lives, from where we walk our dogs to […]
The NPD Group chief retail analyst Marshal Cohen on how retailers are being impacted by the coronavirus, specifically missing out on the back-to-school shopping season, which used to be the second-biggest retail period of the year for many brands. Apparel retailer Gap Inc reported a 13% rise in quarterly comparable […]
FILE PHOTO: A Gap Inc. retail store is shown in La Jolla, California, U.S., May 17, 2017. REUTERS/Mike Blake (Reuters) – Apparel retailer Gap Inc (GPS.N) reported a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home due to the COVID-19 pandemic bought more of […]
(Reuters) – Abercrombie & Fitch Co reported a surprise profit on Thursday as the apparel retailer slashed costs and benefited from a surge in online orders during the COVID-19 pandemic, sending its shares up as much as 17%. The company has been ramping up investments in its online platforms to […]
Chris Ratcliffe | Bloomberg | Getty Images British aero-engines maker Rolls-Royce plans to sell Spanish unit ITP Aero and other assets to raise at least 2 billion pounds ($2.6 billion) to boost a balance sheet shattered by the travel slump brought on by the coronavirus pandemic. Rolls-Royce also said on Thursday finance chief Stephen Daintith […]
By Supantha Mukherjee and Helena Soderpalm Aug 27 (Reuters) – Swedish online lender Klarna saw the value of transactions carried out via its payment platform grow by 44% in the first half of the year as customers spent more online during the COVID-19 pandemic, its chief executive said. CEO Sebastian […]