In-store retail media initiatives are gaining momentum: Loblaw, Macy’s, and Schnucks Markets are the latest retailers to invest in the channel.
Gen Z shoppers are driving resale’s growth: Roughly three in five Gen Z consumers look for an item secondhand before buying it new.
Amazon offers to change UK business practices to avoid further antitrust investigation: The changes would ensure equal treatment for sellers on its marketplace and prevent the retailer from using seller data to inform its own retail business.
Apparel and consumer electronics could get a boost from the back-to-school and holiday seasons. But home improvement may have a ways to go before the category rebounds.
On today's episode, we discuss whether the summer travel boom will last, how the economic climate is influencing how people think about vacations, and the changes in how people choose where they go on vacation. "In Other News," we discuss whether folks want gamified shopping experiences and how brands should—and shouldn't—text you. Tune in to the discussion with our analyst Zach Goldner and director of forecasting Oscar Orozco.
On today's episode, we talk about the top three banking trends for the second half of the year that are identified in Insider Intelligence's latest report, Banking Trends to Watch for H2 2023. We discuss in detail banks' renewed focus on customer acquisition, how mergers and acquisitions have returned to the space, and in what ways banks have begun rolling out generative AI tools. Join the discussion with host Rob Rubin and our analysts Eleni Digalaki and David Morris.
Grubhub+ rewards members for picking up their orders: That’s one of the new features for the revamped program that Grubhub estimates will save members an additional 20% per month.
Albertsons hit its marks in Q1: The company is leaning into private labels, growing its loyalty program, and boosting its digital sales.
TikTok will launch its ecommerce platform in August: The platform will sell goods made in China to US consumers, following in the footsteps of Shein and Temu.
UPS, Teamsters narrowly avoid a strike: Workers wrung significant concessions from the delivery company, including pay increases and more union jobs.
Despite rising delinquencies, rates are hovering around pre-pandemic levels
The card network risks damaging consumer and merchant trust
The digital yuan reached $250B in transactions in 18 months, a fraction of broader retail volume despite a tranche of adoption incentives
Amazon is the biggest retail media network in the US, accounting for three-quarters of retail media revenue share, per our forecast. But its limited grocery footprint leaves an opportunity for competition. Here are recent updates in grocery retail media, and a prediction on the future of in-store retail media.
Walmart is reaping the benefits of Walmart+: And it has clear opportunities to unlock even greater growth.
Walmart was the biggest US retailer by US sales in 2022 with nearly $500 billion in sales, more than double the size of runner-up Amazon, according to the National Retail Federation.
Carhartt will expand its resale program nationwide later this year: The retailer is hoping to get a piece of the $110.92 billion market for secondhand goods.
Student loan payments could take a $100-billion bite out of retail sales this year: While consumers across generations will feel the pinch, older consumers face the biggest hit to their spending power.
Snapchat's new AR tools tap into Women's World Cup interest: Consumers are taking notice, too.
Most consumers use online marketplaces to find products, but the number who are browsing in-store or on social media is growing. Retailer websites are where customers go for product research. And when it comes to purchasing, price and delivery options are the most important factors.