Amazon was the most downloaded mobile shopping app in the US in 2022 as its reach continued to grow. Closing in on Amazon was Shein at No. 2, followed by Walmart, Fetch, and Shopify’s Shop app.
Toys not as recession-proof as Hasbro and Mattel hoped: Both companies were hurt by lower-than-expected demand during the holiday season.
Netflix’s password sharing crackdown starts off rough: After a set of leaked rules provoked a backlash, Netflix’s plan is kicking off with that feedback in mind.
Among the major global platforms, Facebook and Instagram will remain firmly at the top in both total revenues and user base, and TikTok will once again be the fastest-growing platform in both areas
Several indicators suggest consumer spending remains strong: Consumer sentiment hit a 13-month high in February and retail sales appeared to pick up in January.
Instacart has had a busy few months. Besides scrapping its plans to go public, the company has cut its valuation a few times, trimmed its workforce, and explored other cost-cutting measures. That being said, Instacart has also made investments to bolster its business, including new technologies for merchants and expanded retail media offerings.
Advertisers and marketers can’t afford to waste budget, so we foresee a partial shift away from display ads and renewed emphasis on search—with one big exception, retail media.
The region’s revenues and transaction volume increased 13% YoY and 8% YoY, respectively, despite the firm’s total 6% YoY revenue decline.
Musk says Twitter will share ad revenue with creators: There’s a catch—they have to subscribe to Twitter Blue first.
Uber reports record quarter, sees no signs of consumer spending slowdown: The company’s mobility and delivery businesses grew in Q4 as users remained willing to shell out for convenience.
Under Armour’s inventory struggles reflect industry-wide challenge: The sportswear brand is the latest retailer to report bloated inventories as consumer spending slows.
The rise of delivery platforms could help smaller retailers better compete with Amazon: Our recent report delves into the nuances and drawbacks for retailers leveraging the likes of Instacart, Doordash, and more.
CPG brands keep raising prices: That’s helped companies like Unilever, PepsiCo, and Kellogg’s grow sales. But it isn’t clear how much longer shoppers will continue to spend.
Walmart’s pickup- and delivery-only stores failed to deliver: That’s why the retail giant is shuttering its two concept locations.
Partnering with StepChange will help support struggling customers, but it raises questions around the harm BNPL can cause.