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.
An IPO could put Shein's business model under the microscope: Both the retailer's profitability and sustainability in selling trendy, cheap apparel could be subject to inspection.
Restaurants see opportunity even as more consumers look for savings: Operators plan to hire over 500,000 workers this summer in anticipation of strong demand, but sales may fall short as diners pull back.
Data security is the most important feature to adults worldwide when deciding whether to transact with a business online, according to TransUnion. An easy payment process is the second most important, followed by ease of login or authentication.
The app’s expanding product suite could appeal to this group. But they won’t be an easy sell, and Block risks becoming over-reliant on Cash App.
Consumers stay loyal to grocers—but not brands—as they grapple with inflation: Forty-six percent of US shoppers won’t change where they buy groceries to save money.
Lower-income consumers are feeling pinched: That’s a troubling sign for value-oriented retailers such as Dollar Tree, Burlington Stores, and Big Lots.
We expect US cosmetic and beauty sales to grow 7.6%: While consumers are spending more selectively, they’re still willing to splurge on their favorite items.
Consumer sentiment isn’t in line with spending: Consumer spending surged in April despite people feeling glum about persistent inflation and the broader economic outlook.
Internet use is growing the fastest in the Middle East and Africa, where about 80 million more people will go online at least once per month between 2023 and 2027, according to our forecast. Roughly 60% of the global population will use the internet regularly.
Retail media’s rise in popularity is being boosted by increasing ecommerce sales, a wide variety of ad formats, and established retailer-brand relationships. But an increasingly crowded space may have advertisers feeling overwhelmed, which could put a bit of strain on retail media’s growth.
The BNPL provider added a credit opt-out feature to help prevent consumers from going further into debt