Rare Beauty mulls a sale amid soaring revenues: The company’s focus on delivering quality products at affordable prices is turning it into a beauty juggernaut.
Shoppers pull back spending on high-end goods: Rising borrowing costs, persistent inflation, and the return of travel and experiences have taken the wind out of luxury’s sails both in the US and Asia.
Temu parent PDD spent $11.6 billion on marketing in 2023: The retailer’s ad blitz helped it win over cost-conscious shoppers in China and abroad.
Kohl’s wants to become a destination for home goods: The retailer is expanding its home assortment by 40%. But the category isn’t without its challenges.
Meta revamps Advantage+ with creative optimizations to boost ad engagement: The company is leaning into two trends: Video consumption and performance marketing dollars.
The fight for grocery dollars is heating up. Retailers that offer shoppers the right assortment of products at the lowest prices are likely to win. In order to keep dollar and discount stores from stealing share, other retailers need to borrow their pricing and merchandising strategies to connect with cash-strapped consumers.
Discover the dynamic shift toward digital wallets in the US and the UK in the latest podcast episode of "Behind the Numbers: The Banking & Payments Show." Delve into the compelling discourse on how younger generations' move to digital is rendering traditional wallets obsolete. Join host Rob Rubin, our US-based analyst Tyler Van Dyke, and UK-based analyst Carina Perkins as they unravel trends in digital transactions for dining, shopping, and ID verification. In the "For Argument's Sake" section, we dissect the fierce competition for market dominance among industry giants like Apple and Google, established players like PayPal, rising star Paze, and potential disruptors. Tune in for a forward-looking conversation and hit subscribe for the latest insights. Key insights: - Youth-led shift: Analysis reveals a robust trend among younger consumers pivoting to digital wallets for everyday activities, indicating a cultural and technological shift. - Market dominance debate: We uncover the strategic moves by tech titans and emergent challengers vying to capture the largest share of digital wallet users. - Cross-Atlantic perspectives: Insights from US and UK analysts present a diverse view on the adoption of digital wallets, offering a broader understanding of the global digital economy.
Worldwide retail ecommerce sales will make up a fifth (20.1%) of total retail sales this year, totaling $6.334 trillion, per our forecast.
Unilever plans to cut 7,500 jobs and separate its ice cream unit: Its embrace of a less-is-more approach to drive growth echoes similar efforts by Oatly and Hasbro.
Nordstrom may go private: The move could enable Nordstrom to reimagine its business outside the glare of the public markets.
Temu pursues international growth as US regulatory challenges pile up: The retailer wants to generate 70% of its revenues from non-US markets this year.
Wonder raises $700 million to fund its expansion efforts: The Marc Lore-led food delivery startup is aiming for nearly 100 locations by the end of 2025.
Though the cumulative impact of online channels is undeniable, consumers are still most likely to learn about new brands and products from visiting stores.
OpenAI GPT Store users unhappy with their experience: They’re frustrated by a lack of support and money-making options and low engagement. OpenAI may be taking on too much.
Target wants a bigger piece of the retail media pie: The retailer aims to differentiate its retail media offerings to attract more advertisers' dollars.
Sony’s PS5 Pro coming this holiday season: The PS5 product line could see a slight sales bump this year, but competition and diminishing returns on performance could dull the outlook.
A slip-up shows Amazon ad-buying tools lack basic safeguards: One seller was charged $300,000 in automated ad placements for products consumers couldn’t buy.
We look at the demographic trends driving this and why retailers need to prioritize offering consumers’ preferred payment methods.
A payments license will help it operate even as its partner bank winds down. But it still faces stiff competition.
Delinquencies fell while net charge-offs rise. Here’s what that means for their deal prospects.