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.
Discover the dynamic shift toward digital wallets in the US and the UK in the latest podcast episode of "Behind the Numbers: The Banking & Payments Show." Delve into the compelling discourse on how younger generations' move to digital is rendering traditional wallets obsolete. Join host Rob Rubin, our US-based analyst Tyler Van Dyke, and UK-based analyst Carina Perkins as they unravel trends in digital transactions for dining, shopping, and ID verification. In the "For Argument's Sake" section, we dissect the fierce competition for market dominance among industry giants like Apple and Google, established players like PayPal, rising star Paze, and potential disruptors. Tune in for a forward-looking conversation and hit subscribe for the latest insights. Key insights: - Youth-led shift: Analysis reveals a robust trend among younger consumers pivoting to digital wallets for everyday activities, indicating a cultural and technological shift. - Market dominance debate: We uncover the strategic moves by tech titans and emergent challengers vying to capture the largest share of digital wallet users. - Cross-Atlantic perspectives: Insights from US and UK analysts present a diverse view on the adoption of digital wallets, offering a broader understanding of the global digital economy.
Worldwide retail ecommerce sales will make up a fifth (20.1%) of total retail sales this year, totaling $6.334 trillion, per our forecast.
Unilever plans to cut 7,500 jobs and separate its ice cream unit: Its embrace of a less-is-more approach to drive growth echoes similar efforts by Oatly and Hasbro.
Nordstrom may go private: The move could enable Nordstrom to reimagine its business outside the glare of the public markets.
Temu pursues international growth as US regulatory challenges pile up: The retailer wants to generate 70% of its revenues from non-US markets this year.
Wonder raises $700 million to fund its expansion efforts: The Marc Lore-led food delivery startup is aiming for nearly 100 locations by the end of 2025.
Though the cumulative impact of online channels is undeniable, consumers are still most likely to learn about new brands and products from visiting stores.
OpenAI GPT Store users unhappy with their experience: They’re frustrated by a lack of support and money-making options and low engagement. OpenAI may be taking on too much.
Target wants a bigger piece of the retail media pie: The retailer aims to differentiate its retail media offerings to attract more advertisers' dollars.
Sony’s PS5 Pro coming this holiday season: The PS5 product line could see a slight sales bump this year, but competition and diminishing returns on performance could dull the outlook.
A slip-up shows Amazon ad-buying tools lack basic safeguards: One seller was charged $300,000 in automated ad placements for products consumers couldn’t buy.
We look at the demographic trends driving this and why retailers need to prioritize offering consumers’ preferred payment methods.
A payments license will help it operate even as its partner bank winds down. But it still faces stiff competition.
Delinquencies fell while net charge-offs rise. Here’s what that means for their deal prospects.
Nearly three-quarters (74.2%) of the $59.61 billion in US digital retail media ad spend we forecast for 2024 will go to Amazon. That leaves $15.35 billion going to non-Amazon retailers and $370 million going to in-store formats.That should excite marketers, said EMARKETER’s new principal analyst Sarah Marzano.
Mercado Libre isn’t letting an antitrust investigation hamper its Mexico ambitions: The retailer plans to invest $2.5 billion in the country to broaden its ecommerce footprint.
China’s retail sales picked up in January and February: But consumers’ buoyant spending during the Lunar New Year is unlikely to hold as confidence is slow to recover.
Returns are a challenge for all retailers, including Amazon: That’s why the retail giant reportedly discussed a deal that would enable its customers to return items at FedEx stores.
On today's podcast episode, we discuss what finding products online will look like in 2025, if Target's new membership program can stack up against Amazon Prime and Walmart+, how ads on chatbots will change advertising, how to make stores more fun places to shop, what the world's first "ketchup insurance" offers, how Americans use dating apps, and more. Tune in to the discussion with our vice president of content Suzy Davidkhanian and analysts Evelyn Mitchell-Wolf and Carina Perkins.