US average time spent with digital will hit 8 hours and 14 minutes per day in 2022 after first crossing the 8-hour mark last year. That 1.9% increase isn't as big as in past pandemic years, but it's still eating up a bigger share of overall time spent with media.
US retail sales grew 0.9% in April: The data suggest that inflation and rising interest rates haven’t dampened US consumers’ desire to spend.
COVID-19 lockdowns slowed JD.com’s growth rate in Q1: However, the retailer still beat expectations as its revenues grew 18% thanks in part to its burgeoning logistics business.
Brands and retailers increasingly focus on DEI initiatives: Target’s $25 million in paid media to diverse-owned/founded firms is the latest in a number of corporate commitments.
Disney’s ad strategy prioritizes scarcity: Disney+ promises to run few ads and avoid targeting children entirely.
TikTok’s new user insights tool has some gaps: The publicly accessible tool is missing key data points compared with competitive offerings
Uber Eats wants to make it easier for customers to order food: The food delivery platform is adding voice ordering, stadium partnerships, and autonomous delivery features to boost convenience.
On today's episode, we discuss how wearable tech devices will shake up healthcare, which features will make health wearables a must-have, and how Amazon and Apple will continue to disrupt the industry. "In Other News," we talk about why digital pharmacies are getting in trouble and what we should make of telehealth companies slowing down. Tune in to the discussion with our analysts Lisa Phillips and Rajiv Leventhal.
195 year-old brand enters the metaverse: Historic footwear brand Clarks is launching its first Roblox campaign, following brands like Chipotle, Nike, and Ralph Lauren.
Netflix is playing catchup with its younger competitors: The platform began building livestream capabilities while competitors launch completed products.
Global shipments of augmented and virtual reality (AR/VR) headsets will hit 16.5 million this year, up more than 5 million or 32.1% from last year. Most of these shipments are to consumers, but commercial sales are set to multiply over the next five years, driven by the opportunity for product visualization prior to purchase.
Formula One is finding its footing in the US: Two new races and record viewership in the US have brands eager to get on board.
McDonald’s chooses values over profit as it exits Russia: The fast-food chain’s decision to leave could force other retailers to follow suit.
Retailers are making good on their diversity pledges: Macy’s, Nordstrom, and Ulta Beauty are some of the retailers hoping to win loyalty from previously underserved audiences.
Fashion brand manufacturing platform Fashinza raises $100 million: The company plans to use the funds to invest in supply chain technology and expand its global presence.