Macy's and Best Buy are seeing a drop in sales of nonessential goods: Economic uncertainty, inflation force consumers to focusing on necessities like groceries.
Headline inflation across the Eurozone remained high at 8.5% in February: The European Central Bank could keep up interest rate hikes in an attempt to solve the malaise.
Una Brands raises another $30M in funding to buy more D2C brands: Like many ecommerce aggregators, it must find ways to benefit from its scale to succeed long-term.
Brands were abuzz at eTail West 2023 in Palm Springs this week, talking about tech, loyalty, and integration. Here are our top five takeaways from brands like GNC, Poshmark, and Spanx.
Instacart’s revenues and profits spiked in 2022, helped by its growing ad business: That could speed up the timeline for the grocery delivery company’s long-awaited IPO.
Instacart taps ChatGPT to further streamline online grocery shopping: The delivery platform is launching a new feature that lets customers “Ask Instacart” for assistance during their shopping journeys.
Sam’s Club’s retail media updates aim to make life easier for advertisers: Partnerships with IRI and LiveRamp will enable the retailer to avoid retargeting snafus and capture incremental sales from click-and-collect customers.
Both firms reported slight profit improvements in Q4 following a shift away from a growth-at-all-costs mentality—which is likely to continue into 2023.
Kohl’s expects its sales to fall 5% to 6% this year: The retailer is caught in an uncomfortable middle ground between discount and high-end retailers. (This article was written with the assistance of GPT-3.)
People aren’t moving as much as they used to: That poses a challenge to home improvement retailers like Lowe’s and Home Depot, as well as retailers that sell home-related items.
Ocado’s losses grew in FY 2022 as record grocery inflation drove consumers to buy less: The online grocer and tech provider posted a pre-tax loss of £500.8 million as it struggles to keep pace with competitors.
Web3 is intrinsically linked to crypto, which is in crisis. Web3 users can’t touch applications without touching crypto.
Black History Month ends, but some retailer commitments live on: Consumers—not just Black ones—increasingly see through performative marketing campaigns.
The atypical credit card automatically applies rewards to customers’ balances—a feature that can be appealing to money-conscious consumers.
US display ad spend will grow by 15.7% this year, reaching a total of $163.29 billion. Here are five charts that offer a closer look at what display ad spending looks like in 2023.