“What’s really exciting about retail media is a lot of it is uncharted territory,” said Paul Longo, general manager of retail media at Microsoft. “We’re in inning two, inning three. What’s gotten us here will not get us where things need to be.”
The US housing market perked up in February: But retailers in adjacent categories remain under pressure as housing turnover stays near a 40-year low.
Mobile commerce growth increases the impact of a straightforward checkout process: Half of consumers surveyed consider how easy a merchant’s checkout process is when deciding where to shop.
South Korea cracks down on Chinese ecommerce players as their influence worries local retailers: AliExpress, Temu, and others will now be subject to greater scrutiny over consumer protection measures and other business practices.
The ad industry is still hyperreliant on cookies: Despite an imminent phaseout, a Wired report found that the most popular websites share data with thousands of companies.
Especially at the POS, US consumers have been slow to embrace digital wallets. The softPOS boom and new features could change that
Cross-border volume has driven Mastercard’s growth. China’s massive remittance volume and Alipay’s 1B users make this a fruitful deal
The tie-up can help MoneyGram capitalize on the lower costs and faster speeds open banking can bring to remittances
Consumer spending is off to a shaky start: Retailers are warning of weakening demand as a new sales forecast predicts slower growth in 2024.
Nike and lululemon brace for softer sales: Both brands are leaning into innovation to drive sales, but Nike’s risky bet could add to its challenges.
Comscore’s landmark accreditation is a blow to Nielsen: The company is the first to receive MRC accreditation for big data measurement across local and national TV.
Earlier this month, Beyond Inc. (formerly Overstock) acquired ecommerce retailer Zulily, which went out of business in late 2023. Beyond Inc. also plans to bring back the Overstock brand, which it sunset after acquiring the rights to Bed Bath & Beyond last year.
72% of US digital retailers believe generative AI and AI-driven personalization affect their business the most this year, according to December 2023 data from Bolt.
Don’t let the myths get you down, social shopping is alive and well. Gen Z is full of contradictions. And “TikTok-famous” is becoming synonymous with Hollywood famous. Here are three key takeaways from Shoptalk 2024.
TikTok’s troubles double: TikTok’s US growth stalls among young users amid ban threats, shifting demographics, and fierce competition. Inability to recover could affect potential sale value.
Walmart may be playing catch-up to Amazon when it comes to ecommerce and retail media, but recent moves like its $2.3 billion acquisition of VIZIO are giving the retailer momentum. But what are some other big moves that Walmart can make to grab more attention, loyalty, and customers?
Retailers should take note of what’s working in social commerce: Social platforms have made it incredibly easy for shoppers to click and buy, and that’s driving rapid growth.
Next is bullish on UK consumer spending in 2024 as economy improves: The retailer is confident that rising wages and falling inflation will spur consumption.
Shein, Amazon shift tactics to keep each other—and Temu—at bay: Shein is offering its supply chain services to brands, while Amazon is leaning into its delivery capabilities and customer service.
Consumers are dining out less often: Darden Restaurants reported softer same-restaurant sales as price pressures drive lower-income households to cut back.