For one-third of US digital buyers, Prime Day offered an opportunity to finally click purchase on lower-priced items. But for 28%, inflation had the opposite effect, leading them to pass on deals that weren’t a necessity.
As one of the most accessible US retailers (in terms of price and location), Dollar General is a trusted stop for shoppers battling inflation.
Why shop Bed Bath & Beyond? That’s the question the retailer needs to answer after rolling out a turnaround strategy that includes store closures and a pivot away from owned brands.
WhatsApp users in India can shop for and pay for groceries within the app, which could boost engagement with its payments tools.
WhatsApp is one step closer to being a super app: It now offers an in-app shopping experience for users in India as it looks to monetize business messaging.
Unionization drive barrels on despite aggressive anti-union activity: Successful votes at Chipotle and REI keep the momentum going—we look at whether it can survive negotiations.
US consumer spending expected to hold steady for Labor Day: Most shoppers don’t plan to spend less, but they’re still looking for deals to maximize their budgets.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss whether ecommerce actually accelerated 10 years in 10 weeks, what is happening by category, and the ceiling for the share of things Americans will buy online. Then, in our brand-new segment "Red-Hot Retail," our analysts give us their very specific—and potentially risky—predictions about what they think will drive ecommerce’s next phases of growth. Mild predictions are plausible outlooks. Extra-hot predictions are our pie-in-the-sky prognostications. The higher the spice level, the riskier the prediction. Join our analyst Sara Lebow as she hosts analysts Blake Droesch and Andrew Lipsman.
Once again, Walmart takes the No. 1 spot in our US grocery ecommerce sales forecast, but Instacart and Amazon are fighting for the second spot.
Instacart jumped from 10.2% of US digital grocery sales in 2019 to 21.5% in 2020, taking over share as people pivoted to online grocery deliveries. Walmart has had the highest digital grocery share since 2020, which put it in good shape this past earnings season when consumers cut back on superfluous spending and sought grocery savings.
Spending has shifted away from consumer electronics: That’s creating a challenging environment for Best Buy to navigate.
Gopuff seeks $300 million as rapid delivery demand slows: The food delivery platform is adjusting to the changing landscape by retrenching its expansion plans.
Pinduoduo’s Q2 revenues soared 36%: That’s a stark contrast from the middling results reported by Alibaba and JD.com.
Pinterest looks to revive flagging growth with Shuffles: The invite-only collage app is making waves on TikTok and boosting the platform’s appeal with Gen Z and younger audiences.
Affirm’s gross merchandise volume grew 77% YoY in Q4. It plans to launch new products and features to boost volume and engagement.