Walmart is losing online grocery market share to competitors

What to read today: Publishers and Commerce 2021: This report investigates how publishers are growing ecommerce monetization through the affiliate channel, and how their appearance in the channel is helping to propel evolution in affiliate marketing, as commerce and content continue to converge..

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May 15, 2021 Leaked memo reveals Walmart's struggle to maintain online grocery market share. In a leaked memo from February, Walmart revealed its struggle to maintain its standing in the online grocery market and retain Walmart+ members as competition grows. Despite Walmart's online sales surging 76% YoY last year, Amazon and Instacart both saw similar results in 2020 and have been beefing up their offerings to woo customers. But with in-store retail coming back thanks to the COVID-19 vaccination rollout, Walmart will likely regain the brick-and-mortar advantage it has over primarily online-based players like Amazon. Insider Intelligence's Adriana Nunez has the full story. BRIEFING HIGHLIGHTS Dogecoin: Opportunities and risks for online brokerage apps Dogecoin's popularity presents strong user acquisition opportunities for trading apps, but they'll need adequate consumer protections in place. Read More → Simple customers met with turbulent switch to BBVA USA Simple's users faced lockouts as their accounts migrated to sister bank BBVA USA—giving competitors an opening to attract affected customers. Read More → Chime to stop calling itself a 'bank' to settle legal action Chime reached a settlement with a California regulator that took action against it for not having a license. Read More → Bill.com purchases accounting fintech Divvy for $2.5 billion Bill.com, the cloud-based software provider for SMBs, acquired accounting fintech Divvy for $2.5 billion in a stock and cash transaction. Read More → eBay is jumping into embedded lending for its UK merchants eBay is getting into lending with a new product tailored to 300,000 UK-based small and medium-sized businesses (SMBs) that are sellers on its platform. Read More → Square turns in impressive Q1, closes Tidal acquisition Square recorded increased ecosystem engagement, higher transaction inflows, and an upswing in large seller volume. Read More → Coinbase is the most popular platform for buying cryptos More than 3 in 5 mobile phone users who own cryptos in the US and Great Britain use Coinbase to purchase cryptocurrencies. Read More → Over a third of US adults don't use mobile payment systems In the US, 37% of adults don't use mobile payment systems, but among those who do, one has a commanding lead: 39% of US adults use PayPal. Read More → Affirm is building out consumer and merchant networks Affirm saw user and merchant bases add new members, and a tie-up with Shopify could mean trouble for issuers dealing with flagging card balances. Read More → JPMorgan Chase, Wells Fargo, U.S. Bank share customer deposit records JPMorgan, U.S. Bank, and Wells Fargo, plan to share each other's customer deposit records to underwrite for potential customers who lack credit scores. Read More → RESEARCH IN FOCUS Publishers and Commerce 2021 This report investigates how publishers are growing ecommerce monetization through the affiliate channel, and how their appearance in the channel is helping to propel evolution in affiliate marketing, as commerce and content continue to converge. Get the full report → The Online Grocery Report This report looks back at how online grocery adoption was progressing prior to the coronavirus pandemic to understand the state of the industry before the pandemic made it vital to many consumers. Next, we examine why the pandemic is popularizing online grocery services and the impact it's having on adoption. We then forecast how online grocery's penetration will grow in the coming quarters and years due to the pandemic. Get the full report → The Embedded Finance Explainer Embedded finance is an emerging software distribution model that is promising—or threatening—to reshape the financial services industry. Although the model allows financial companies to distribute their products more cost-efficiently and widely, it also requires them to surrender control over the customer relationship to nonfinancial companies. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2021 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036