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.
On today's podcast episode, we're at Shoptalk 2024 discussing the main takeaways, the best side conversations and booths, and the discussed trends we don't see coming to fruition. Join our analyst Sara Lebow as she hosts chief content officer Zia Daniell Wigder and analyst Jasmine Enberg, who were both at this year's conference.
OpenAI training ‘materially better’ GPT-5 for mid-year release: Chip shortages and a shift in priorities have likely delayed the model’s release. Its ROI might fall short of expectations.
Microsoft makes a massive de facto AI acquisition through hiring: Inflection’s leaders will run Microsoft’s AI unit as the sector’s power becomes increasingly concentrated.
The neobank may be trying to do too much as it diversifies
The average score isn’t cause for concern yet, but it’s a sign that delinquencies may be catching up with consumers
This can make Galileo a more attractive partner for fintechs to work with and can help the modern card issuer keep up its momentum
Retail will account for over a quarter (28.7%) of all US digital ad spending in 2024.
Rare Beauty mulls a sale amid soaring revenues: The company’s focus on delivering quality products at affordable prices is turning it into a beauty juggernaut.
Shoppers pull back spending on high-end goods: Rising borrowing costs, persistent inflation, and the return of travel and experiences have taken the wind out of luxury’s sails both in the US and Asia.
Temu parent PDD spent $11.6 billion on marketing in 2023: The retailer’s ad blitz helped it win over cost-conscious shoppers in China and abroad.
Kohl’s wants to become a destination for home goods: The retailer is expanding its home assortment by 40%. But the category isn’t without its challenges.
Meta revamps Advantage+ with creative optimizations to boost ad engagement: The company is leaning into two trends: Video consumption and performance marketing dollars.
The fight for grocery dollars is heating up. Retailers that offer shoppers the right assortment of products at the lowest prices are likely to win. In order to keep dollar and discount stores from stealing share, other retailers need to borrow their pricing and merchandising strategies to connect with cash-strapped consumers.