China is emerging as the global ecommerce leader: We share the dynamics driving the region’s digital commerce success in an excerpt from our recent report.
The average Temu user spent 18 minutes per day on the company’s app: That’s nearly double the 10 minutes they spent on Amazon’s app.
Uniqlo aims to have 200 North American stores by 2027: The retailer’s offline push dovetails with a new report that finds physical stores boost retailers’ online sales and traffic.
Inflation eased slightly in November, to consumers’ relief: Confidence is ticking up as prices come down, but retailers like Hasbro are struggling to capture spending.
TikTok Shop is the holiday retailer of choice for one-third of Gen Zs: The marketplace is racking up sales thanks to its aggressive promotional strategy, despite lukewarm interest from larger brands.
Retail embraces AI chatbots: Gen Z adoption pushes them to the forefront, but blending tech with human service remains imperative
In part two of this two-part podcast episode, we discuss some predictions for 2024 that are too specific to be 100% certain about but could still come true, including: which car company Amazon could potentially acquire, how AI might land itself in hot water, and the next digital consumer privacy lawsuit. Tune in to the discussion with our vice presidents of content Suzy Davidkhanian and Paul Verna and analyst Max Willens.
As retail media evolves, ad placements off-site and in-store will help grocery advertisers reach shoppers in new and more engaging ways, but consumers may not be in a spending mood as credit card balances grow and savings accounts shrink. If Amazon can get grocery right, it may be able to fight off losing share to Walmart. But if the Kroger-Albertsons merger goes through, it could change everything.
Launch of Paramount+ with Showtime marks a new streaming era: The rebrand signifies the industry's move toward content diversity and market expansion strategies.
After three years, Epic Games wins its case against Google’s Play Store monopoly. App stores might need to alter practices to accept alternative payment options on online marketplaces.
Shein is moving ahead with its public debut, taking on some competitors (like Amazon and Temu) while teaming up with others (like Forever 21). Though a brick-and-mortar footprint doesn’t seem to be a part of Shein’s plan yet, it could take a cue from other fast-fashion brands, like H&M and Zara, and establish a physical presence to engage with offline shoppers.
Many are turning to cash as a budgeting tool amid the country’s cost-of-living crisis
The fintech wants to capitalize on the massive volume opportunity presented by the world’s top remitter
The company is trying to cut costs as it focuses on profitability ahead of going public
Roku and The Coca-Cola Co. are using shoppable media to target consumers at home during the holidays, while Saks Fifth Avenue and Dior are celebrating 70 years of partnership with a first-of-its-kind ecommerce pop-up. Plus, Uber is leveraging the “Real Housewives” franchise to build up its ad business.
With seemingly everyone jumping onto retail media, it may feel too late or intimidating to grab a piece of the pie. But that’s not the case, according to Jason Farver, Hy-Vee’s executive vice president, chief supply chain officer, and president of RedMedia.
Zulily is shutting down for good: The company’s end marks the final chapter for the post-Great Recession boom in ecommerce sites that drove shoppers to hunt for deals.
Starbucks is open to reaching a deal with unionized workers: The coffee company proposed restarting talks with Starbucks Workers United in January as pro-union sentiment stays strong.
Investors reportedly bid $5.8 billion to take Macy’s private: Selling off the retailer’s valuable real estate and Bluemercury could unlock short-term value but at a significant long-term cost.
Amazon moves to dismiss the FTC’s antitrust suit: The retailer says its business practices are helping to increase competition and lower prices, despite competitors’ claims otherwise.