Consumers in China spent roughly $208 billion on ByteDance’s Douyin app: TikTok’s parent company is also seeing strong social commerce results elsewhere, while Instagram pulls back on shopping.
The expected record-high rates will raise demand for budgeting tools, rewards focused on everyday spending, and BNPL.
IRI woos shopper marketers: Its new platform should give advertisers greater visibility into retailer and SKU-level results.
It took more than a decade for search and social to gain wide market traction, but the timeframe is shortening. Marketers who are slow to embrace emerging platforms will find themselves left behind even faster than before.
The beer industry is not recession-proof: Rising prices are denting demand as cash-strapped consumers look for cheaper alcoholic options.
Consumers spent $211.7 billion online over the 2022 holiday season (from November 1 to December 31), growing 3.5% year over year, per Adobe Analytics.
Consumers pull back on discretionary spending: While that’s an ominous sign for retailers such as Macy’s and lululemon, there are still some glimmers of hope on the horizon.
Amazon laying off 18,000: That’s significantly more than previously disclosed and could indicate that widespread job cuts are around the corner for tech companies. Job uncertainty could lead to panic and stall innovation.
The firm is reportedly in talks over a sale. We discuss why it could be an attractive acquisition and how likely a buyout is.
Amazon’s 2023 is off to a difficult start: The retailer said it would lay off over 18,000 workers as it prepares to weather global uncertainty.
“We used to talk about ‘omnichannel’ and we should just be talking about ‘commerce.’” That’s according to our analyst Suzy Davidkhanian, speaking on our “Behind the Numbers: Reimagining Retail” podcast.
Everlane, Stitch Fix, and Helen of Troy shed headcount: Softening demand is driving retailers to take cost-cutting measures to help weather a potential economic downturn.
DoorDash looks to returns to spur growth: Its latest offering lets consumers request for someone to pick up their prepaid return packages and deliver them to a dropoff location.
Instacart will retain its status as grocery delivery king this year, capturing 73.0% of US digital grocery sales among third-party delivery services, per our forecast. However, competitors such as DoorDash and Uber will continue to eat away at its dominance.