We forecast that digital ad spending will rise just 4.5% in Western Europe and 4.9% in the UK this year. The Europe turnaround came even though Facebook lost users in the region in Q2. Daily active users were flat at 307 million, and monthly active users fell to 409 million from 411 million, per Meta data. This was originally featured in the eMarketer Daily newsletter.

With the highest average interchange rate of 1.8% for consumer credit cards, the US networks’ earnings are exposed if an EU/UK-style rate cap is imposed. The reduction in interchange would also impact card issuers’ earnings, which could result in their need to cut rewards expenses.

Persistent inflation and economic uncertainty in the US and the UK will likely sustain this trend for the foreseeable future. But even as cash use climbs, access to it is falling. The number of ATMs and bank branches in the UK has fallen sharply in recent years, per UK government research.

The news: Domino’s Pizza aims to drive additional revenues by listing its menus on Uber Eats and Postmates apps across 28 markets, including the US, UK, and Canada, per The Wall Street Journal. The pizza company’s CEO Russell Weiner told the Journal that he hopes the broader exposure will help it generate $1 billion in incremental revenues.

“We’ve seen a fair amount of this kind of consolidation in the UK where other retailers are buying these brands out of administration [or bankruptcy]—not necessarily always the stores, but sometimes just the intellectual property,” said Perkins. Case study: UK retailer Next has avoided closing its own doors with the smart purchases of retailers Cath Kidston and Joules.

Carina, what does this trend look like in the UK? Is it similar? Carina Perkins:. Yes, we're seeing a similar trend in the UK.

TikTok took this “made in China” model to Southeast Asia and the UK and is now aiming for the US. US social commerce will grow twice as fast as China’s through 2026. Almost all new US digital buyers will be Gen Zers, whose shopping habits are still evolving. Early US leaders like Facebook and Instagram pull back. Companies are moving away from social commerce and doubling down on core advertising.

And so, coincidentally, that is the same flight time as the shortest flight in the world today, which is a long-established air route between two of the Orkney Islands, Westray and Papa Westray, just above Scotland. The distance is less than two miles, and the actual flight is often less than a minute. Buy a boat, Scotland. What are we doing? Who's getting on this plane? [inaudible 00:32:45].

Across Western Europe, inflation and uncertainty have hit consumers and businesses alike. But some may prosper in these conditions—such as brands using retail media networks and firms advancing sustainability goals.

But unmet needs may exist: 80% of US and UK owners said they want to pay with crypto but feel they can’t, per Paysafe polling from June 2022. Key Trends We’re Watching. Crypto Winter May Cool Demand but Doesn’t Lower Priorities. Crypto’s market cap fell $1.4 trillion (a 60% drop) in 2022, thanks to stablecoins’ May plummet and FTX’s November collapse.

British newspaper The Guardian was reminding us of that. So it seems like the industry had called for a bit of slowdown. People are calling for a bit of slowdown. Any chance of that at all, or is it just full throttle at this point and that's really just PR speak for the companies and something that's going to be ignored for the masses? Jacob Bourne:.

Ironically, Revolut itself might struggle to access “new banking worlds”—it hasn’t been able to obtain a UK banking license due to compliance and security concerns around its crypto offering. And it seems it will also struggle to get a US banking license without first getting one in the UK.

Respondents were from: UK, US, France, Spain, China, Japan, Australia, Brazil, Argentina, Mexico, Colombia, India, Poland, UAE, Netherlands, Germany, South Africa, and Thailand.

The UK significantly boosts the average, given that digital channels will claim nearly 36% of UK retail sales volume this year. In the other former EU-5 countries, shares will be much lower, ranging from 6.3% in Italy to 12.2% in Spain. As with total retail, prospects for growth are constrained.

UK. Regulation Promises to Improve Consumer Trust in BNPL Services in the UK. In February 2021, the UK government announced that its Financial Conduct Authority would begin regulating the BNPL sector. New stipulations require BNPL providers to carry out affordability checks on customers and ensure the vulnerable are treated fairly.

So an interesting one is Toys R Us, which closed its UK branches in 2018, but it has now opening up concessions within WHSmith stores in a partnership with the retailer. And similarly, Gap, which closed its UK stores in 2021, has a joint venture partnership now with Next and is opening Gap concessions in Next stores.

UK-based Roleshare launched in 2021 with the goal of making job sharing easier. Its marketplace matches partial job-seekers with each other so they can apply together for full-time roles. The company aims to normalize a job trend that began as a way for mothers to return to the workforce in the ’70s and has been gaining popularity among corporate workers in the UK.

Google agreed to oversight by the UK Competition and Markets Authority in 2021 after the regulator expressed concerns that the pivot away from cookies could further funnel ad spending into Google’s own ecosystems.

England [inaudible] Spain. Bring it on, Oscar. Oscar Orozco:. It's Spain versus England on Sunday at 6:00 in the morning here on the Eastern Coast. So please watch. Please support the game. Marcus Johnson:. Support England. Don't support the game. Oscar Orozco:. We'll see about that. We'll see about that. But because it's a dinner party, I mean, I want to throw a couple facts in there.

The EU, UK, China, and both the US Congress and the Biden administration are working on policies, all at various stages of development. What does this mean for marketers? Unlike other technologies, genAI interfaces use existing language skills—a factor leading to broadscale adoption.

Similar features might catch on, including tools that find peers using their geolocation (popular among UK neobanks). Repeat transactions. The Canadian Imperial Bank of Commerce (CIBC) recently enabled customers to set up recurring and future-dated payments via mobile. This targets the 20% of total e-Transfers that are recurring, per CIBC.

UK regulators are following suit: The UK government is establishing the Green Technical Advisory Group, which will devise a framework that marketers must adhere to when making claims about companies’ sustainability credentials. And The Investment Association, a UK asset manager trade group, will start issuing amber warnings for firms that do not disclose financing that impacts the environment.

Over half of adults in the US and the UK prefer to research and purchase online products on a retailer’s website, per Coveo. Researching online and purchasing in-store is the next-most popular shopping method, followed by considering and purchasing items solely in-store.

The UK’s cost of living crisis is likely to make customers embrace the savings product: 31% of UK adults said savings are a priority, per a 2022 Marks and Spencer report. The problem: Wise doesn’t have a banking license in the UK, which means customer funds held in its savings account aren’t protected by UK deposit laws.