China’s example would suggest that retail media has enormous headroom for growth in the US. Companies like Amazon have been growing their ad revenues by leaps and bounds, and yet ecommerce channel ad spending will still only represent 14.6% of the US digital ad market this year. In China, the share will be 38.1%.
Dollar General cut its full-year same-store sales and profit forecasts: The move dovetails with Dollar Tree and other discount retailers seeing lower-income consumers pull back on discretionary spending.
Luxury spending in the US is returning to historical norms: Shoppers are increasingly focused on saving money and travel.
Macy’s and Nordstrom brace for softer sales as discretionary spending weakens: Beauty and off-price were bright spots during an otherwise challenging Q1.
The universal appeal of mobile messaging apps puts them at the forefront of advertising growth in emerging markets.
BuzzFeed has created a commerce site for its lifestyle brand, Goodful, while Time has launched a platform for product recommendations and reviews. TikTok’s Pulse Premiere program offers publishers 50% of ad revenues and a brand safety guarantee.
It will use AI for transaction approval, predictive analytics, and customer experience tools
Expanding Alipay+ should help it recover from steep net profit losses from last year
Digital and mobile gift cards are becoming more popular among younger consumers
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss exactly how much of the retail membership market Amazon Prime has gobbled up, whether Walmart+ is even competing with Amazon, and how valued benefits have shifted. Then, for "Pop-Up Rankings," we rank our top four creative recommendations for what retail memberships could offer members. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Blake Droesch.
Economic concerns, inflation, and subscription fatigue have all tempered consumer appetites for subscription offerings.
Amazon workers are frustrated: The retailer faces a driver lawsuit at the same time that corporate workers walked off their jobs. Those challenges could threaten the retailer’s reputation.
Chinese consumers’ lack of confidence is hurting China’s economic recovery: The country’s manufacturing, property, and services sectors all experienced slowdowns in May, raising the prospect of government intervention.
DoorDash hopes five weeks of promotions will be enough to convince customers to pony up for DashPass: The delivery platform is also highlighting the range of available merchants, from Taco Bell to Dick’s Sporting Goods, to drive signups.
Social media and TV are the top channels that consumer packaged goods (CPG) consumers use to find new products, but in-store still plays an important role in product discovery. Meanwhile, Amazon and Walmart are fighting to capture share of CPG product searches, though in-store consumers are more likely to turn to Google for help.
Klarna hailed AI’s potential, but it needs to consider how the tech can bring benefits that competitors can’t replicate.
UK shoppers are reluctant to trade down in beauty: We break down how “the lipstick effect” is acting as a buffer for UK beauty retailers in inflationary times.