Not everyone is a fanatic about livestream shopping: Fanatics Inc. announces plans for the sports memorabilia market, but US live commerce market remains underdeveloped.
On today's episode, we discuss whether in-store shopping is different now (in a bad way), how much people are shopping on their smartphones, whether LinkedIn's newsletter strategy is paying off, how retailers are facing tougher greenwashing penalties, if retailers have given up on the metaverse, how in-person/hybrid/remote work is working out, and more. Tune in to the discussion with our analysts Suzy Davidkhanian and Evelyn Mitchell and vice president of Briefings Stephanie Taglianetti.
In the US, 56% of Gen Z adults prefer to buy from companies that reflect their social values, according to Morning Consult. Gen Z’s figure is slightly lower than those of other generations, with Gen X at 61% and baby boomers and millennials at 59% each.
Amazon’s revenues rose 9% in Q4: While the company’s highly profitable retail media business continued its upward trend line, ecommerce sales fell 2% YoY.
Estée Lauder is betting on Chinese tourists to help return it to growth: But recession fears in the US and Europe could hinder a full recovery.
Magic Spoon eyes offline growth: The D2C cereal brand, which first became available at some Target stores last summer, will soon be on shelves in more than 6,800 stores nationwide.
Samsung unpacks incremental upgrades: Galaxy smartphones aimed at filmmakers and low-light photographers, plus a slew of high-end notebook PCs, are not the products consumers are looking to buy today.
Breaking down Amazon’s layoffs: Its 18,000 job cuts are spread across a variety of business units and locations and could indicate where Amazon plans to pull back on investment this year.
The FTC Cometh for Digital Health: GoodRx is the first company to be charged with violating the Health Breach Notification Rule—and it won’t be the last.
Digital health startups to watch: This week, we spotlight healthcare clinical trial tech company Paradigm and physician enablement platform Pearl Health on the back of recent funding hauls.
Headspace Health targets UK employers with beefed up mental health app: Employers are looking for one-stop-shop digital health solutions, not myriad standalone ones.
Apple’s 10-year bet on the MLS has begun: The company is asking advertisers to help build a following for sport with no viewership promises.
What’s got the go-ahead? Pushing boundaries, leveraging social media, and engaging with audiences beyond the TV. But be wary: don’t go too far, lose focus on offline opportunities, or forget to connect the dots.
Year of the chatbot: Google’s Apprentice Bard is among many chatbots we’ll see released by the tech industry this year. Investors are excited, but performance and monetization are market hurdles.
Fed guarantees more tech layoffs: PayPal, HubSpot, and Splunk are the latest among tech to ax workers. With more interest rate hikes ahead, tech’s layoff game will continue.
Returns have always been expensive for retailers, but right now they’re at an all-time high. “We’re seeing a lot of the fast-fashion retailers like Zara and others like J.Crew, and Abercrombie & Fitch starting to charge return shipping for online orders,” said our analyst Sky Canaves. But there’s more to it than charging. Here are six strategies for reducing returns.
FIs can access multiple fintechs through one connection while giving consumers control over their data.
Embedded finance fintechs and those with disruptive potential are still attracting investment despite the funding decline.