Amazon is scaling back its private-label business: The company is cutting dozens of its brands in what appears to be a concession to the FTC.
Key stat: 61% of US paid search marketers think future chat-based search advertising will be very or extremely effective, according to NP Digital.
US inflation continued its downward trajectory in July: Real wages also rose, giving consumers some much-needed relief, even though price pressures remain acute.
Balancing Act: X (formerly Twitter) seeks to mend advertiser relations and innovate while ensuring user trust and monetization.
“Shopping apps and marketplaces that specialize in ultralow-cost goods from China are gaining a foothold among US consumers—with broader implications for the future of ecommerce,” our analyst Sky Canaves wrote in our Chinese Ecommerce in the US report. Canaves expanded on what’s driving this retail opportunity for companies like Shein, Temu, and TikTok in the US and how it will impact the US market on a recent “Reimagining Retail” podcast episode.
On today's episode, we discuss whether Amazon can keep expenses down while also keeping customers happy, where the company will place its bets on grocery, and how its advertising arm has performed of late. "In Other News," we talk about why most retailers site searches aren't working and how many streaming viewers will watch ads to save a few bucks. Tune in to the discussion with our director of Briefings Jeremy Goldman and analyst Zak Stambor.
Walmart is in a good spot right now: The retailer’s share of grocery sales keeps growing, which is providing fuel for it to build upon its retail media business.
We’re seeing record bankruptcies among VC-backed startups. Factors include rate hikes, investment shortages, and bank collapses. AI funding rises, but potential oversaturation looms.
Generative AI isn’t a strategy by itself: But healthcare execs should start nailing down their AI priorities soon, before the next wave of AI tools breaks over their heads.
Digital health startups to watch: We spotlight kidney health management company Healthmap and at-home medical exam platform TytoCare on the back of fresh funding.
Healthcare, pharma digital ad spending slowdown impacts Doximity: The company recognizes that its digital marketing solutions strategy must shift to meet its customers’ needs.
Cloud gaming expansion is in the works and could sustain user engagement amid content strikes.
Disney finally gets into sports betting: The company will launch ESPN Bet in partnership with Penn National but will have to juggle a family-friendly image.
Netflix is making progress with gaming: A controller app that syncs to your TV is the first sign in months that Netflix is still committed to making video games work.
Daily active users jump for Roblox: Q2 results demonstrate widening net loss due to escalating costs.
Tapestry challenges European luxury dominance with Capri Holdings acquisition: The $8.5 billion purchase will enable the Coach owner to push upmarket and grow its share of global luxury sales.
From home office to Google hotel room: Convincing employees that hotel sleepovers are better than remote work will be tough. Offering affordable housing and flexibility are a better strategy.
75% of organizations globally eye ChatGPT ban: Generative AI enthusiasm might be muted by growing concerns about the technology’s risks. It could spur higher demand for enterprise products.
Crypto-friendly Revolut to end crypto services to US customers: The UK neobank blamed regulatory uncertainty as lawsuits drag on and crypto bills limp toward the US Senate.
Response to FDIC special assessment suggests banks are writing off 2023: Replenishing the deposit insurance fund after a $15.8B drawdown to cover the March regional banking crisis was never going to be cheap or easy.