Amazon’s 2023 is off to a difficult start: The retailer said it would lay off over 18,000 workers as it prepares to weather global uncertainty.
Apple hits a bump on the road to becoming an ad giant: In an ATT twist, French regulators fined Apple for collecting advertising identifiers without user consent.
In response to the shifting advertising landscape, we’ve cut over $5 billion from our US ad spend forecast for 2023, placing it at $278.59 billion. Why the downgrade? Well, for one, last year’s macroeconomic factors are spilling over into this year. And while that may resolve itself in time, there’s another, more permanent issue advertising is facing: privacy changes.
Everlane, Stitch Fix, and Helen of Troy shed headcount: Softening demand is driving retailers to take cost-cutting measures to help weather a potential economic downturn.
On today's episode, we discuss why anchoring augmented reality (AR) experiences to exact locations matters, how the smartphone will transform the smart home, why Apple will revise its app commission policies, and more. Tune in to the discussion with our analysts Jessica Lis and Yory Wurmser.
DoorDash looks to returns to spur growth: Its latest offering lets consumers request for someone to pick up their prepaid return packages and deliver them to a dropoff location.
Sony’s automotive dreams take shape: The Sony Honda Mobility venture unveiled its connected car prototype, Afeela, that illustrates automotive’s high-tech future. This means new revenue streams for tech and marketers.
Instacart will retain its status as grocery delivery king this year, capturing 73.0% of US digital grocery sales among third-party delivery services, per our forecast. However, competitors such as DoorDash and Uber will continue to eat away at its dominance.
Amazon laying off 18,000: That’s significantly more than previously disclosed and could indicate that widespread job cuts are around the corner for tech companies. Job uncertainty could lead to panic and stall innovation.
Big players are eyeing integration and interoperability: We unpack some developments from this year’s CES and where we see the market moving this year.
Walgreens’ competitors could feel the heat in 2023: Walgreens’ aggressive M&As last year give the company flexibility as it weighs its next purchase. You’re up, CVS.
The most popular mental health apps aren’t affordable for everyone: Consumers in need of cheap mental health support may not be pleased with the low-cost and free app options.
Sony’s PlayStation 5 shortage is over: It only took three years, but now PS5 supplies have stabilized just in time for Sony to pivot its VR strategy. It could lead to consolidation of its gaming and entertainment properties.
Audio companies are freezing and slowing podcasting budgets: After years of aggressive spending, softening listener growth is unnerving major players.
Paramount is playing catch-up when it comes to ad innovation: The media giant is exploring a number of initiatives to fuel its aggressive streaming goals.
Twitter hack could have serious consequences: Fallout from last year’s Twitter breach is emerging as millions of user email addresses are circulated online. Prepare for phishing and more Twitter scrutiny.
“We used to talk about ‘omnichannel’ and we should just be talking about ‘commerce.’” That’s according to our analyst Suzy Davidkhanian, speaking on our “Behind the Numbers: Reimagining Retail” podcast.