Consumers in China spent roughly $208 billion on ByteDance’s Douyin app: TikTok’s parent company is also seeing strong social commerce results elsewhere, while Instagram pulls back on shopping.
Another Consumer Electronics Show (CES) has come and gone, introducing the world to everything from a self-driving stroller to an accessible PlayStation 5 controller. It would be impossible to give a rundown of everything announced at the Las Vegas event, but here are a few things we think retailers should keep an eye on.
Albertsons’ ecommerce push is working: The grocer’s digital sales growth massively outpaced the broader US online grocery market in the most recent quarter.
Omada Health targets a new customer base: It’s now selling its products to health systems, starting with Intermountain Healthcare. Will its strategic pivot pay off?
Kroger Health touts in-store health services: A new brand campaign takes aim at retail health rivals while boosting its retail media network.
CVS’ investment in Carbon Health won’t satisfy its primary care need: It will likely keep exploring a primary care M&A as it pilots Carbon’s operating model in select stores.
2023 layoffs expose Big Tech’s dirty laundry: Tone deafness, overexpansion, and lack of focus on security are the industry’s pressing problems that need to be resolved before the economy recovers.
AI solutions are gaining mainstream momentum: The flurry of artificial intelligence adoption is pushing innovation forward, but we’re already seeing some negative applications of the latest AI tech.
Ad strategy is vital for podcasts, where listeners don’t necessarily click ads but commercials can still leave an impression. Here’s what marketers need to know when they think about podcasting and digital audio at large.
Nearly three-quarters of US adult internet users agreed it will take them a while to understand how to use and join the virtual world, according to an October 2022 Sitecore survey. That’s not great news considering 64% said they won’t engage in the metaverse if it’s hard to figure out or use.
Layoffs may be on the horizon for McDonald’s: The company is restructuring its organization to cut waste and innovate faster.
Luxury brands look to China and the Middle East to sustain rapid growth: Despite economic uncertainty, global demand for luxury goods remains strong.
Microsoft Word, PowerPoint to get juiced by generative AI: The tech giant is hatching more commercial uses for ChatGPT, putting itself at odds with a growing backlash against the controversial tech.
Musk faces a hard decision—Tesla or Twitter: A major Tesla shareholder isn’t happy with Elon Musk’s Twitter distractions. With many consumers sharing a similar sentiment, Musk might want to rethink his priorities.
The expected record-high rates will raise demand for budgeting tools, rewards focused on everyday spending, and BNPL.
Farmers in rural areas and emerging countries are often financially underserved. That’s where fintechs can make their next move.
Although pandemic assistance seems to have been beneficial, some minority groups still struggled.