Walmart sees growth opportunities regardless of the macroeconomic environment: The retailer looks to boost its international sales, improve its digital presence, and expand its retail media business.
West Coast dockworkers escalate protests as negotiations with employers drag on: Walkouts and labor shortages led to slowed or suspended port operations on Friday.
GetYourGuide and Hostaway score massive funding rounds as leisure travel demand holds up: But industry profit margins are under pressure as business travel remains below prepandemic levels.
Consumers use holidays as an excuse to splurge: Shoppers are expected to shell out a record $22.9 billion this Father’s Day. (This article was written with the assistance of ChatGPT.)
More of your customers are LGBTQ+ than ever before: Recent studies highlight a surge in global identification, particularly among Gen Zers.
Adding non-payments uses could make the wallet more convenient, helping Google pull new users and grab spending
This year, US consumers will pay over $35 billion in retail membership fees, according to our forecast. Some 53% of that will go to Amazon, making it by far the biggest player.
Instacart and Gopuff struggle to deliver growth and profits: Inflation is eating into consumers’ spending power and causing them to adjust how they shop for groceries.
Amazon Prime, Walmart+ woo customers with new perks as fee revenue growth slows: We expect paid membership fee revenues to grow just 6.5% this year.
Patagonia sues Nordstrom in latest bid to safeguard brand reputation: The outdoor retailer alleges that the department store is selling counterfeit products at its off-price Rack stores.
Amazon looks to reduce the number of damaged goods it sends: The retail giant is deploying artificial intelligence in several fulfillment centers to streamline its supply chain decision-making. (This article was written with the assistance of ChatGPT.)
The partnership opens up the provider to a massive merchant network, which can help it add users and grow volume.
China’s example would suggest that retail media has enormous headroom for growth in the US. Companies like Amazon have been growing their ad revenues by leaps and bounds, and yet ecommerce channel ad spending will still only represent 14.6% of the US digital ad market this year. In China, the share will be 38.1%.
Dollar General cut its full-year same-store sales and profit forecasts: The move dovetails with Dollar Tree and other discount retailers seeing lower-income consumers pull back on discretionary spending.
Luxury spending in the US is returning to historical norms: Shoppers are increasingly focused on saving money and travel.
Macy’s and Nordstrom brace for softer sales as discretionary spending weakens: Beauty and off-price were bright spots during an otherwise challenging Q1.