Malls are struggling to stay profitable as consumer behaviors change and shopping moves even more online. While foot traffic and occupancy rates are down, there are some opportunities for growth. By changing up their retail mix and mastering the omnichannel experience, malls can regain relevance among shoppers.
“Over 50% [of users] say they view Pinterest as a place to shop,” said Pinterest CEO Bill Ready. “Yet we haven’t made it easy for them to shop historically, as shoppable content was not integrated into core experiences.”
Network International is mulling a $2.6B acquisition bid, which reflects the widespread payments digitization in the region.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss why US home improvement company Lowe's didn't work out in Canada, why Canadian athletic apparel retailer lululemon athletica succeeded in the US, and which Canadian brands would prosper in the US if they chose to fly south. Join our analyst Sara Lebow as she hosts analyst Paul Briggs and vice president of content Suzy Davidkhanian.
Consumers flex their financial muscles: Retail sales in Q1 grew 5.8% YoY and online sales rose 8.6%.
Lululemon looks to sell Mirror after just three years: After purchasing the connected fitness brand in 2020, lululemon is pivoting to an app-based fitness model it rebranded as Lululemon Studio.
Despite bankruptcy rumors, Carvana will be the fastest-growing retail ecommerce company in the US both this year and next year, according to our forecast. In second place this year is Chewy, signaling the strength of category-focused retailers.
The luxury market remains strong: Hermès’ sales rose 22% in Q1 thanks to customer loyalty and strong growth in China, Japan, and France.
Wedding demand is returning to prepandemic levels: But that won’t be enough to save David’s Bridal, even as jeweler Signet prepares for a wave of engagements.
On today's episode, we discuss what to make of Microsoft putting ads in its AI-powered Bing Chat platform, the biggest pitfalls of companies using generative AI, and publishers' concerns about AI chatbots cutting readership. "In Other News," we talk about how much retail media networks are actually boosting the US ad market and which car manufacturers are leading the US electric vehicle (EV) race. Tune in to the discussion with our analysts Gadjo Sevilla and Max Willens.
US consumers are increasingly turning to Walmart.com, YouTube, Instagram, and TikTok to start their online shopping searches, according to Jungle Scout. Amazon, search engines, and Facebook have lost share since Q1 2022.
Elon’s X dreams will suffer from Twitter’s trust problem: Piecemeal partnerships, like its latest with eToro, won’t drive the earth-shattering change the social media platform needs.
Apple opens first stores in India amid broader push to grow local sales, production: The company is turning to the fast-growing market as it looks to reduce its reliance on China.
CTV to continue strong US growth: Households using the format to more than double pay TV in 2024, aided by tech shifts.
Digital transformation has upended the global remittance market, thereby pressuring consumer pricing, reshaping the competitive battlefield, and creating new playbooks for traditional money transfer operators.