Virtual-only goods will likely be a difficult sell: That’s because a majority of consumers don’t know much about the metaverse and are unlikely to shop in the mixed-reality realm.
Spotify is the No. 1 digital audio service among US teens and adults, with 35% digital audio listeners ages 12 and older using that platform the most. YouTube Music comes in at No. 2, with 18%, while Pandora rounds out the top three at 15%.
Victoria’s Secret burnishes its inclusive image with a new online marketplace: The underwear company will feature women-led brands as it looks to broaden its consumer appeal.
Goodbye gas, hello gravity: Mining companies demonstrate how gravity can replace diesel as a fuel for trucks and trains. It could transform clean energy and help reduce mortality from pollution.
Zero-gravity mining: Startup AstroForge recently raised seed money for a bold plan to mine asteroids with secretive technology. It’s a long shot but could spare Earth from destructive mining.
Robot friends for humans in their golden years: ElliQ’s empath bot will provide companionship for isolated New York seniors. But it shouldn’t be treated as a quick fix for the loneliness epidemic affecting the US’ eldery population.
On today's episode, we discuss the social media regulations coming this year, whether virtual try-on will ever take off, how not to interrupt the consumer, whether shipping is the new ecommerce frontier, Formula One racing's newfound US popularity, an unpopular opinion about in-store shopping, some facts about sea creatures, and more. Tune in to the discussion with our senior director of Briefings Stephanie Taglianetti, director of reports editing Rahul Chadha, and analyst Bill Fisher.
Investors want retailers to take decisive action on ESG initiatives: But companies like Amazon and McDonald’s are pushing back on shareholder demands.
Industry trade groups fear that a CBDC would shrink deposits at private banks and hinder banks’ ability to offer credit. But as CBDCs are developed across the globe, the US can’t afford to be left behind.
BNPL attracts users who are higher-risk and younger than the general credit-seeking population, a TransUnion study found.
Meta clashes with Apple over AppTrackingTransparency: The change damaged Meta’s profits, but Apple’s ad business is soaring.
Consumers are driven by value more than anything else. About two-thirds of consumers worldwide who had switched brands in the past year were looking for better deals. More than half were seeking better product quality.
It’s a difficult landscape for retailers: We break down how some retailers have successfully navigated the shifting terrain—and why others couldn’t.
For the first time ever, Facebook is contracting in the US: The platform will lose users this year in its home market—and it’s getting grayer.
Reddit trails other social networks in time spent: The platform’s efforts to boost its mainstream appeal could improve engagement.