Before the pandemic, online alcohol sales rates were in close proportion to the rest of food and beverage. But the pandemic-induced digital grocery boom accelerated the pace of ecommerce penetration among food and beverage sales. For many reasons, alcohol did not keep up with this larger category trend.
The retail media space is growing quickly: Albertsons is proposing a standardization framework to improve transparency, which could push spending even further.
Darden Restaurants anticipates softer growth as consumers manage spending: Diners are ordering less alcohol and opting for QSRs over full service.
Shein’s global expansion continues with launches in India, Mexico, and Europe: The fast-fashion retailer is diversifying production away from China as it faces down criticism over its business model.
The fintech is focused on expanding in foreign markets like India and improving products at home with higher-rate savings accounts.
Prime Day’s performance will be an early predictor of holiday season ecommerce demand—at the product category level and for specific merchandise. Retailers and brands should pay close attention.
TikTok takes aim at Shein and Amazon: The social app’s parent company tests selling products through the viral video app, which one executive describes as ‘a billion-person focus group.’
Amazon’s Prime model is under scrutiny: The retail giant faces a FTC lawsuit that could threaten its positioning as the ‘Earth's most customer-centric company.’
Chinese consumers’ cautiousness extended to 618 promotions: Sales growth slowed to its slowest rate since 2020, while JD.com, Alibaba, Pinduoduo, and others declined to release exact figures.
Target is expanding its next-day delivery radius: The move should allow the retailer to stay competitive with Amazon and Walmart.
The neobank launched the Ultra card, which offers travel, lifestyle, and investment perks. But stiff competition will pose a challenge.
Uber's in-app video ads rollout: Play to rake in retail media ad revenues could leave users and privacy advocates concerned.
Nearly half of US adults said last month that they’re buying more brands on sale due to inflation, while 43% reported buying fewer products overall, according to Ipsos.
Amazon’s health, personal care, and beauty sales soar: Our forecast expects sales in the category will grow 24.1% this year.