Farfetch embarks on major cost cuts as luxury demand continues to soften: The luxury ecommerce platform is laying off around 11% of its workforce and sunsetting its beauty business as it tries to stem losses.
Food-as-medicine programs must offer the right incentives: We explore how these endeavors can better appeal to lower-income consumers.
Cigna rolls out digital dental screening tool: It’s betting on patients using their smartphones to stay on top of their oral health.
Health insurers have to get personal: Less than half of consumers are fully satisfied with their health plan provider, but age and experience have a lot to do with their views.
Tencent plans to unveil its AI model, Hunyuan, intensifying China’s AI race just as Beijing’s new regulations are implemented. Its guardrails could have worldwide implications.
Spotify has reached a record 551 million monthly active users worldwide after adding 36 million new users in Q2—a growth that’s three times greater than the same period last year.
On today's episode, we discuss whether it's too early to talk about Gen Alpha, delivering things without the box, what's happening on TikTok Live, fast fashion looking to repairs, what websites will look like in the future, the most popular theme parks in the world, and more. Tune in to the discussion with our vice president of content Suzy Davidkhanian, analyst Blake Droesch, and forecasting director Oscar Orozco.
Trends shows Big Tech in-office mandates might lose sticking power: Tech firms favoring remote work see benefits in global talent access and economic savings that could undermine Big Tech policies.
Google’s life advice chatbots could trigger internal tension: It’s testing 21 tools based on generative AI, but ethicists are worried about safety and emotional dependence, which could pose commercial challenges.
Google AI will summarize news articles—but only after clicking through: What’s supposed to be an olive branch to worried publishers raises more questions than it answers.
Programmatic advertising digital display ad spend will make up 90% of digital display ad spend in the US this year, and that share is growing, according to our forecast. Most of the $132.96 billion in spend will go to video, but non-video ads still make up a large portion. Here are five charts summarizing where programmatic ad spend is headed and the identity challenges it faces right now.
Stability and predictability have returned to the global ecommerce market after three years of uncertainty. Digital sales will increase by 8.9% this year and 9.4% next year—exactly the same projections generated in our last forecast. Total retail sales growth will be in the mid single digits.
Walmart is set up for success: The retailer’s long-standing focus on value puts it in a prime spot to benefit when consumers are seeking deals and spending cautiously.
Amazon implements new seller fee as FTC antitrust case looms: The retailer will take an additional 2% cut on sales from merchants not using its fulfillment services.
Cost is the most important factor for 59% of US brand-side marketers when selecting an agency, according to a joint report from the Association of National Advertisers, 4A’s, and Advertiser Perceptions.
Aldi’s Winn-Dixie acquisition marks a departure for the discount grocer: The deal will allow Aldi to experiment with larger stores, but it could force a shift in its private label strategy.
Though growth is slowing, digital grocery will continue to fuel overall ecommerce growth in the US. “Growth is no longer driven by new adopters, but heavy digital grocery users,” our analyst Blake Droesch said on a recent “Reimagining Retail” podcast episode. Here’s how retailers like Instacart, Amazon, and Walmart can capitalize on frequent buyers.
Digital health startups to watch: We spotlight virtual behavioral health provider Better Life Partners and school-based telemental health company Daybreak Health on the back of fresh funding.
Blue Shield of California drops Caremark for piecemeal PBM model: We examine if the insurer’s decision could start a trend and take some power away from dominant pharmacy benefit managers.
Medicaid disenrollment hurts consumers, providers: More than one-third of Medicaid members say their health plan hasn’t contacted them about renewing their coverage. Consumer spending will take a hit.