Everyone is feeling the impact of rising food prices: SNAP recipients are buying less food, while higher-income shoppers are shifting spend to lower-priced options like Walmart and Dollar General. (This article was written with the assistance of ChatGPT.)
UK grocery prices are finally coming down, to consumers’ relief: Inflation expectations are also ebbing as warm weather and pay hikes drive sales.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss the current retail media era, the partnerships that make the most sense, and how social media plays a role in this space. Then for "Red-Hot Retail," our analysts give us four spicy predictions about the future of retail media. Join our analyst Sara Lebow as she hosts vice president and analyst Andrew Lipsman and analyst Max Willens.
The neobank launched the Ultra card, which offers travel, lifestyle, and investment perks. But stiff competition will pose a challenge.
The holiday season could be tough: Despite better-than-expected retail sales in recent months, 43% of merchants are ordering less to avoid getting stuck with excess inventory.
Google joins Amazon’s crusade against fake reviews: Both platforms are going after fake review brokers to protect their reputations and preserve consumer trust.
REI doubles down on resale: The specialty outdoor retailer will open its second standalone REI RE/Supply store featuring used gear and apparel in late August.
JD.com, Alibaba, and Pinduoduo resort to steep discounts to spur spending: But that may not be enough to restore consumer demand as shoppers cut back amid economic uncertainty.
TikTok and Meta continue to diverge on social commerce strategies, Pinterest teams up with Wayfair on a data clean room test, and YouTube introduces unskippable ads.
US alcohol off-premises retail ecommerce sales will reach $6.85 billion this year, growing 6.1% over 2022, according to our forecast. Growth will reach double digits come 2026.
Retail media meets live sports: Walmart Connect partners with NBCUniversal for targeted advertising.
It wants to lean on AI to attract users, while new environmental-focused features should strengthen its brand with younger shoppers.
It partnered with Spotify Premium and can use other tie-ins and products to sustain rapid growth.
US consumers keep spending despite lingering inflation: Retail sales rose 0.3% MoM in May, surpassing expectations.
Over half of US and UK adults research and buy products online via a retailer’s website, per Coveo. More than a third (37%) take a slightly different approach, researching products on a retailer’s website but waiting to buy them in a physical store.