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Increasingly, when consumers go to the grocery store, it is just to buy food, such that leading grocery retailers are losing share of center-aisle products to eCommerce players such as subscription merchants.
“We’ve seen an increasing trend, particularly with the subscription economy, for the center-aisle stuff — think of consumer-packaged goods, all the stuff that’s not really perishable — a lot...
PYMNTS Intelligence finds that 2.5 times as many consumers possess a general-use credit card than own a co-branded credit or store card.
Yet, because 27% of all U.S. consumers also have these more specialized cards, we wanted to take a closer look at their popularity. We surveyed more than 3,800 U.S. consumers to find out how and when they used co-branded credit and store cards and shared our...
As shoppers increasingly purchase auto parts from third-party online marketplaces such as Amazon and eBay, retailers and eCommerce merchants specializing in the category are seeing sales declines.
In Q1 of this year, CarParts.com’s net sales dropped 5% year over year, and the company’s net loss of $6.5 million marked a significant drop from the $1.1 million net income in the same quarter last...
The United Arab Emirates (UAE)-based Technology Innovation Institute (TII) has announced a new iteration of its large language model (LLM).
The new Falcon 2 includes a model with image-to-text conversion capability, the TII said in a Monday (May 13) press release.
The Falcon 2 11B VLM, which is one of two versions of the new LLM, has vision-to-language model (VLM) capabilities that enable it to...
Will Apple’s mixed-reality headset be more popular overseas than it was in America?
The tech giant is reportedly trying to find out.
Apple is preparing to begin selling its almost $3,500 Vision Pro in non-U.S. markets, Bloomberg News reported Monday (May 13).
Sources tell the news outlet that the company is flying hundreds of international store employees to its headquarters to learn how to...
Scientists and engineers are teaching machines to think like humans, using a cutting-edge approach to artificial intelligence (AI) called deep learning.
Deep learning is inspired by the intricate networks of neurons in the human brain. By creating artificial neural networks with multiple layers, researchers can train computers to automatically discover patterns in vast amounts of data and learn...
Expensify has added unlimited virtual cards to its spend management platform.
With the new Expensify Visa Commercial Card, businesses can manage all their expenses across employees and merchants, including both one-time and recurring expenses, the company said in a Monday (May 13) press release.
“Managing costs is front and center for every business right now, so being able to manage both one-...
Citi is enhancing its Premier credit card to offer new benefits and protections for travelers.
The banking giant’s Strata Premier card, announced Monday (May 13), offers increased benefits and more opportunities to earn rewards, and comes amid a surge in spending on travel across age and income brackets.
“We heard from our cardmembers that they want to be rewarded for their travels as well as...
Shein reportedly has some work to do if it wants to court the U.S. retail industry.
The fast fashion giant filed for an initial public offering (IPO) in the U.S. last year, but has also been trying to become a member of the National Retail Federation (NRF), CNBC reported Monday (May 13.)
So far, those repeated attempts have been unsuccessful, the report said, citing sources familiar with the...
Airlines are reportedly suing the U.S. Transportation Department (DOT) over new fee rules.
The suit was filed in federal court last week by industry group Airlines for America, Reuters reported Monday (May 13). Joining in the suit were American Airlines, Delta Air Lines, United Airlines, JetBlue Airways, Hawaiian Airlines and Alaska Airlines.
The legal action followed the DOT’s release last month...