Sat.Jun 15, 2024

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Old-School Identity Theft on the Rise

RetailWire

Old-school identity theft is making a strong comeback, with fraudsters targeting unsuspecting victims by using stolen checks, fake IDs, and forged signatures. This resurgence has left banks and government authorities scrambling to address the increasing threats.

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Automotive Industry Faces Deflationary Pressures

RetailWire

In recent months, the automotive industry has been grappling with a growing challenge: consumers delaying their new car purchases. Despite improved availability and a return to normalcy in automotive production, high interest rates and price volatility have made many potential buyers hesitant. This reluctance to buy now, in the hopes of securing a better deal later, is setting the stage for a deflationary spiral that could have serious implications for the industry.

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Free Baconators All Weekend at Wendy’s

RetailWire

This Father’s Day weekend, Wendy’s is rolling out a special offer to celebrate dads with one of their most iconic menu items. From Friday, June 14 through Sunday, June 16, Wendy’s is offering a buy one, get one free deal on their famous Baconators.

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Cocoa Prices Skyrocket

RetailWire

The global cocoa market is experiencing unprecedented price hikes, creating significant challenges for candy manufacturers. Over the past year, cocoa prices have more than tripled, reaching record highs and causing considerable strain on companies reliant on this essential ingredient. The price surge, which saw cocoa hit an all-time high of over $11,000 per metric ton in April 2024, has eased slightly but remains substantially above historical levels.

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The Trends You Need to Succeed This Holiday Season

October Prime Day is usually an early sign of how consumer spending trends ahead of the holidays. This one was no exception. Our October Prime Day Report breaks down what’s working: the products flying off the shelves, the categories winning big, big brands, and the search terms defining demand. All brought to you via Similarweb’s Shopper Intelligence platform.

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Apple Expands Apple Pay Features

RetailWire

Apple has long been seen as a disruptive force in the banking sector, but the relationship between technology giants and traditional financial institutions is evolving into a more symbiotic one. This week, Apple made several significant announcements at its Worldwide Developers Conference in Cupertino, California, showcasing enhancements to its digital wallet, Apple Pay.

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