New technologies are enabling consumers to experience products in new ways before they purchase them: Lowe’s, for instance, is looking to use augmented reality (AR) technology to have consumers feel more confident about their purchases. At the same, Doctor On Demand is bringing virtual exam...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest ambition from Uber Eats, along with a story about a significant reduction in the number of unbanked U.S. consumers. Apple’s CEO calls for more privacy...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest move by Walmart to gain on Amazon and its other retail rivals, along with news about Amazon’s speaker success. Visa backs EMV specs, Lyft makes...
Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. News this week surfaced that FAO Schwarz is planning to have a flagship store in New York City once again – this time at Rockefeller Center instead of...
October 21, 2020
Consumers have quickly adjusted to the commerce shifts created by the COVID-19 pandemic, and many of these changes are looking like they might become permanent. Customers are shopping online more often and are more frequently opting for contactless payment methods in stores, for example. They are also seeking out merchants that can swiftly and seamlessly […]
May 28, 2018
The parent company of Eddie Bauer and Pacific Sunwear of California is considering a merger of the two retailers in an effort to consolidate stores, as well as survive a prolonged downturn in the American brick-and-mortar retail sector. Citing sources familiar with the situation, CNBC reported that Eddie Bauer and Pacific Sunwear — who have […]
April 26, 2018
As eBay moves toward a beta test of its new payments system this summer, the online marketplace reported a 12 percent revenue gain in the first quarter of 2018, to...
April 23, 2018
Amazon is expanding its grocery offerings in India, as the company anticipates that the market will account for over half of its business in India in the next five years....
April 19, 2018
Watch out, Grubhub: Uber Eats is currently the fastest-growing meal delivery service in the U.S. According to Recode, Uber Eats is bringing in nearly as much new customer revenue as...
