ByteDance is dead set on building up TikTok Shop in the US: Its aggressive moves to build a robust shopping service could lead to a $500 million loss this year.
Kohl’s Q2 revenues were down 16.5% from prepandemic 2019: That’s a clear sign of how far the retailer needs to climb to reach stable ground.
Ecommerce sales growth worldwide is poised to increase by 8.9% in 2023 after increasing by 6.5% in 2022, according to our forecast. While this growth trend will continue in 2024—reaching 9.4%—ecommerce sales growth worldwide will fall to 8.6% in 2025.
“[This year] has been a once-in-a-career opportunity to hit the reset button on promotions and not just lift and shift what you did in the past,” said Erica Harrison, vice president of analytics at NielsenIQ during a recent LinkedIn live Q&A. As brands rethink their pricing and promotion strategies, they must keep track of their competition, secure retailer support, and get the timing right. However, it’s also important not to train consumers to be over-reliant on promotions. Here are five tips for brands as we head into the holiday season.
On today's podcast episode, in our "Retail Me This, Retail Me That" segment, we discuss what established brands have to gain by going D2C, the ways digitally native brands sell in brick-and-mortar stores, and how brands are maintaining a digitally native “identity” for marketing purposes while also going wholesale. Then, for "Pop-Up Rankings," we rank the the digital natives that are primed for success and the ones that need to up their game. Join our analyst Sara Lebow as she hosts vice president of content Suzy Davidkhanian and president of SageBerry Consulting and author of "Remarkable Retail" Steve Dennis.
Abercrombie & Fitch boosts full-year sales outlook after a strong Q2: The retailer’s popularity among Gen Z and millennial consumers helped it sidestep the spending slowdown seen by competitors.
Lowe’s comparable sales fell 1.6% YoY in Q2: The retailer expects challenges ahead as cash-strapped shoppers pull back on DIY projects.
Retailers single out retail theft as profitability slides: Target, Home Depot, and Dick’s Sporting Goods blamed increased retail shrink in Q2 for tighter margins, but it’s unclear whether theft is really at fault.
Macy’s maintains conservative outlook as consumers face mounting pressure: The department store retailer is focusing on value and partnerships with top brands like Nike to attract shoppers.
Coty’s revenues rose 16% YoY in fiscal Q4: While consumers pull back on discretionary spending in many categories, they continue to splurge on Coty’s beauty and cosmetics brands.
The launch of the international version of its app can attract travelers for its payment capabilities and its travel services
These households may face increased risk as credit card debt keeps breaking records
But this harsh funding environment provides incumbents with opportunities to grab smaller firms on the cheap
Credit card digital account openings are normalizing after pandemic-driven fluctuations. Recessionary factors and Gen Z’s shifting behaviors are slowing growth, but it will stay positive as issuers tap digital innovations—like open banking and alternative credit models—to convert more consumers into cardholders.
In-store retail media doesn’t have to be limited to the physical. In-store audio ads increase awareness among consumers without disrupting their shopping experience.
Panama Canal blockage creates headaches for retailers ahead of the holiday season: Over 200 ships are stuck as low water levels limit the number of vessels allowed to pass.
Amazon wants to compete with FedEx and UPS: The retailer relaunched its Amazon Shipping service, which delivers products sold on Amazon's marketplace, sellers’ own websites, and other sites and marketplaces.
Holiday retail sales will grow 4.5% to reach $1.317 trillion this year, according to our forecast. Retailers who want to carve out a share of that spend will need strong promotional strategies and a seamless digital-physical experience. It’s also not a bad idea to have a plan ready for when the returns start rolling in.
B2B marketplace Ghost raises $30 million to help retailers solve their inventory problems: The startup offers companies a place to buy and sell excess goods.
Instacart’s gross transaction volume grew just 5% in the first half: That’s a troubling number that can’t be glossed over by the company’s 30% revenue growth.