The unstoppable retail media: Spending in this channel is going up as advertisers keen on first-party data shift more marketing funds to retailers
The remittance provider is betting consumers still want to send transfers in person despite growing digital adoption
The rollout of Bitkey highlights the payment provider’s confidence in the asset—but others still aren’t convinced
The ecommerce giant will stop accepting the payment method, a huge setback in PayPal’s journey to monetize Venmo
Black Friday sales totaled $9.8 billion this year, according to Adobe Analytics, just below our June 2023 forecast of $10.4 billion.
Although inflation, a strong job market, and a positive economic outlook are at play, three dominant ad channels are contributing to upward US ad spend. October saw a 3.2% YoY growth for the US ad market, marking the fourth consecutive month of spending increases, according to the Standard Media Index ad market tracker.
Amazon bets that Prime members will pay extra for free grocery delivery: The retailer is testing a grocery subscription add-on for $9.99 per month in its latest attempt to boost the appeal of its grocery business.
Caregivers are consumers, too: Family caregivers spend a lot of money shopping for their care recipients, and shop for themselves at the same time. They have some unique needs that retailers need to accommodate.
Disney+ could add gaming and shopping, aiming to enhance user experience: A strategy to compete with Netflix and Amazon in streaming.
On today's podcast episode, we discuss the travel rebound and how tech is helping it out, how Black Friday football (with a side of online shopping) performed this year, will X (formerly Twitter) go bankrupt next year, a new way to stream NBA games post-cable, what to expect from ChatGPT next year, why your passport is the color it is, and more. Tune in to the discussion with our forecasting writer Ethan Cramer-Flood, forecasting analyst Zach Goldner, and director of forecasting Oscar Orozco.
The share of online orders being returned is falling: Consumers are keeping more of their purchases as retailers add friction to the returns process.
Recently, both Walmart and Target have warned that consumers’ cautious spending habits may lead to a sluggish holiday season this year. Were they right to be worried? Here’s how the holiday shopping season is going so far.
The labor market has “normalized,” said Walmart CEO Doug McMillon: While wages continue to rise, there’s less competition for workers.
Dollar General says shrink will remain ‘significant headwind’ into 2024: But retail theft may not be as big a problem as retailers say, as the NRF walks back its claims around organized retail crime.
Grocery shoppers’ habits shifted in Q3: A new report found a 13.5% decline in sales across 25 US online grocery banners as consumers switched to in-store shopping or different merchants.
US ecommerce sales will grow 9.3% to reach $1.137 trillion in 2023, per our forecast, thanks to cost-conscious consumers looking for better deals and an increasing number of digital grocery buyers. As 2023 wraps up, ecommerce will go out on a high note, with online holiday sales growth outpacing brick-and-mortar sales.
Key stat: 31.5% of US shoppers who discovered an item in-store purchased it right away, per an Insider Intelligence survey.
Adyen wants to grow its global acquiring business to reaccelerate growth after a slowdown
Using overdrafts like BNPL to extend their purchasing power may lead to financial hardship
The digital wallet rollout will disrupt the industry as its innovative features reset consumer expectations