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Share to Twitter Share to Linkedin The current economic uncertainty and inflationary pressures in non-discretionary spending categories are prompting consumers to delay purchase payments by leveraging buy now pay later options (BNPL). Categories that have shown increased demand in BNPL purchases include groceries and home furnishings. In the first two months of 2023, online groceries’ share of BNPL orders grew a staggering 40%, while home furnishings grew by 38%. “The rise of buy now pay later usage for groceries tells us that consumers are likely making bigger purchases online to take advantage of special promotions and stock up on staples, thus managing living expenses in more flexible ways,” explained Vivek Pandya, lead analyst, Adobe Digital Insights. “The strong online growth of home furnishing purchasing is expected to bolster buy now pay later adoption, given the higher ticket prices in this category.” In 2022, consumers spent over $126 billion on … [Read more...] about Adobe Analytics Shows Buy Now Pay Later Usage Is Higher Amid Economic Concerns

Share to Twitter Share to Linkedin Iain Borner, CEO - The Data Privacy Group Ltd. In today's digital world, where data flows seamlessly across borders, privacy has become a critical issue for organizations. The trend toward data localization, driven by state security, intelligence gathering, protectionism and globalization, has created an uneven regulatory landscape that poses significant challenges for organizations seeking to operate across multiple geographies. As the owner of a data privacy consultancy firm, I've seen firsthand how data localization is impacting businesses. In this article, we will explore the trend toward data localization and its implications for organizations. We will also discuss what organizations should consider when it comes to privacy. The Trend Toward Data Localization Data localization has four principal drivers: state security, intelligence gathering, protectionism and globalization. Governments want to ensure … [Read more...] about Privacy In A Borderless World: How To Navigate The Data Localization Trend And Protect Your Organization

Share to Twitter Share to Linkedin Ajay is a Managing Director at Taurus Investment Holdings and leads the Boston-based global investor's India business . After higher holiday sales than expected in 2022, it would be tempting to imagine that all is well again in the retail and retail real estate industries, which were ravaged worldwide by two years of pandemic-related closures and restrictions. The truth is, however, far from rosy; retailers across the U.S. are, in fact seeing muted sales (registration required) as inflation makes shoppers apprehensive about opening their wallets. With a long-term glut of shopping center space and widespread pain among stalwart mall tenants, many malls across the country may close or be converted to other uses, including residential units and offices. The outlook for malls across Western Europe also remains cloudy. Data (registration required) from retail footfall tracking specialist Sensormatic shows that … [Read more...] about Retail Real Estate Development Looks To India

Share to Twitter Share to Linkedin President and CTO of Brado , overseeing the company's digital marketing, data science and NLP technology. The journey through Covid-19 has been difficult for many, but it may have been even more difficult without the benefit of search engines. In this article, let’s look at how people used search tools to navigate the pandemic so far and what this means for those seeking to help or serve them. The Persistent Pandemic The pandemic has rocked our world —and it continues to do so . The human toll of death and misery defies measurement. But necessity has once again proven itself to be the mother of invention. The pandemic has accelerated change, causing the future—or the new normal —to arrive faster than anticipated. Individuals, households and communities have demonstrated remarkable resilience by turning their energies toward finding new solutions and effective coping strategies. And their efforts … [Read more...] about Lessons From Online Searches During The Pandemic

Share to Twitter Share to Linkedin Online purchases of groceries and home furnishings surged during the first years of the pandemic, and those categories have continued to show the strongest ecommerce growth into this year, according to data released today by Adobe Analytics. Grocery and furniture and home furnishings had the biggest growth in 2022 of the four top ecommerce categories, Adobe reported. Online spending on grocery rose 10.8% in 2022, to $86.8 billion. Home furnishing spending rose 10.2% to $126 billion. That growth has continued this year. In February, the grocery category was up 26.7% year-over-year, and the home furnishings category was up 12.9% year-over-year. The convenience in shopping online for groceries and home furnishings that consumers discovered during the pandemic has caused them to continue to shop online in those categories, Vivek Pandya, lead analyst, Adobe Digital Insights, said in an interview. Inflation also has … [Read more...] about Grocery, Home Furnishings Continue To Drive Ecommerce Growth

Share to Twitter Share to Linkedin Chris Venezia is CEO of ProofPilot, with 15+ years of leadership in product commercialization, patient recruitment and sales & marketing. As the world becomes increasingly digitized, health tech startups are under pressure to stand out from the crowd. But in our saturated industry, how can you differentiate yourself? My entire career has been in health tech solutions; through trial and error, I learned the best ways to be unique, and it has ultimately led to nearly half a billion dollars in sales. Read on to learn how. 1. Create magic. Create an unforgettable brand by going above and beyond the expected. Creating magical moments for your customers makes them remember you. My favorite example comes from an unlikely source–Chewy. The memorable moments they create for customers truly differentiate them. • They personalize: Handwritten letters are sent to every new customer. • They … [Read more...] about How To Attract Customers To Your Health Tech Startup

Share to Twitter Share to Linkedin Having designed and presented limited edition and bespoke jewels for Kaviar & Kind and Roseark, two Los Angeles boutiques that she co-founded, Kathy Rose is opening a new chapter in spring 2023. Her latest venture, called Argyle & Valentine , is an online and physical concept store powered out of respect for nature and love of human art and artisanship. Fueled by Rose’s appreciation for rare, handmade luxuries, the company title is derived from her children’s middle names. “Our vision and mission,” she explained in a telephone interview, “is to offer limited edition and one-of-a-kind treasures that embody organic materials, refined artisanship, unparalleled beauty, energies and techniques brought to life by independent designers and makers. Argyle & Valentine presents creations by artisans and fine artists that are unavailable anywhere else.” While Argyle & Valentine launched on March 20, … [Read more...] about Designer Kathy Rose Launches Argyle & Valentine Limited Edition, Los Angeles-Based Jewelry And Lifestyle Brand

Share to Twitter Share to Linkedin Lenovo’s latest earnings were impressive. The infrastructure solutions group (ISG) overall saw record revenue and record profits. Further, each contributor to ISG (server, storage, software) achieved record revenues in its own right. It’s worth taking a look at how impressive the quarter was for ISG by the numbers. In addition to the record revenue, Lenovo is seeing record operating profits and margins. In other words, the company isn’t gaining market share simply by cutting prices and damaging its margins. In fact, its margin contribution tells me that these servers and storage boxes are richly configured, and the company is employing a strong pricing discipline. Something that jumps out in the above graph is the growth that Lenovo experienced in its storage business. 345% year-to-year (YTY) growth! Even when considering the low revenue numbers for the year prior, this is an incredible achievement. While the … [Read more...] about Lenovo Storage Is Surging — Why?

Share to Twitter Share to Linkedin Securing a speaking gig at a large business conference can be a great opportunity for an up-and-coming leader. Delivering a speech or a presentation to others in your industry allows you to share your expertise and knowledge with a potentially wider, yet at the same time, more niche, highly relevant audience. However, the competition can be fierce, and the process of getting selected can be daunting. Here, members of Forbes Coaches Council share some strategies to help you increase your chances of being chosen to speak at a major conference. By following their advice below, you can position yourself as a leading authority in your industry, stand out from other potential guest speakers and get noticed by event organizers. 1. Search On LinkedIn To keep my calendar filled with speaking engagements, I perform a weekly search on LinkedIn using the hashtag #callforspeakers. First, I filter the results by “posts” and then by … [Read more...] about 15 Tricks Of The Trade For Booking Speaking Gigs

Share to Twitter Share to Linkedin Topline A Manhattan courthouse was shut down Tuesday due to a bomb threat as a hearing involving a $250 million lawsuit against President Donald Trump was set to begin, though authorities quickly determined the threat was not credible, as preparations for unrest ahead of Trump’s potential indictment are made. Key Facts The threat came in just as a judge at state civil court was preparing to begin the hearing in the Trump case, according to Bloomberg , but court spokesman Lucian Chalfen told Forbes there’s “no indication” the threat was directly related to the Trump case. The courthouse at 60 Centre Street—where the hearing was being held—was shut down and searched for around half an hour before proceedings resumed, Chalfen said, including the Trump hearing. Police in New York City and D.C. have started taking precautions such as erecting barriers for protests Trump has called for if he is indicted, … [Read more...] about Bomb Threat Shuts Down Manhattan Court Before Trump Lawsuit Hearing