Startups have had issues with payment processing and access to capital. Many crypto investors also swapped their USDC holdings for Tether.
H&M is the latest fast fashion retailer to embrace resale: The retailer launched H&M Pre-loved, its first resale platform in the US market, with around 30,000 items.
Asos is working with Criteo to expand its retail media business: The retailer hopes that retail media revenues can help it navigate the challenging economic environment.
On today's episode, in our "Retail Me This, Retail Me That" segment, we talk about what the leading retailers' Q4 performances tell us about the state of retail. Then for "Pop-Up Rankings: Earnings Awards Edition," we rank the two best and the two most concerning retailer performances of late. Join our analyst Sara Lebow as she hosts director of Briefings Jeremy Goldman and analyst Zak Stambor.
US click-and-collect sales growth will slow slightly over the course of the next few years, per our forecast, as adoption levels off after an acceleration in 2020. Still, sales will increase by double-digit percentages both this year and next and reach $131.66 billion by 2026.
Historically, apparel and accessories and computer and consumer electronics were the most dominate categories in ecommerce sales. They will remain significant sales drivers, but in the future, ecommerce will be more evenly spread among categories.
Slowing but persistent inflation continues to strain US consumers’ buying power: Real wages fell in February as prices for groceries, recreation, and airfare continued to rise.
There’s lessons to be learned from Discord’s AI missteps: The messaging app is launching OpenAI-fueled AI tools that have users loudly concerned about privacy.
“We’re showing 20.5% growth for retail media ad spending this year, and 22.9% actually accelerating into next year,” said senior forecaster Ethan Cramer-Flood at our recent “Attention! Seizing the Retail Media Opportunity” summit. That stat assumes inflation will cool some in the second half of this year, which our forecasters currently predict it will.
The firm’s narrow escape from collapse shows startups versed in much-hyped banking tech aren’t guaranteed success.
It’s working with homegrown wallet Lynk so customers can receive remittances, which will aid its digital push.
Wider-than-expected losses in 2022 drive Allbirds to revamp its growth strategy: The footwear retailer plans to focus on its core products and clientele, and slow brick-and-mortar expansion in favor of wholesale.
Ocado partners with The Trade Desk to capitalize on retail media demand: The move lets marketers apply insights from the grocer’s first-party data to improve targeting and attribution.
More wealthy shoppers are signing up for Walmart+: The retailer has more than doubled its penetration among affluent households, but Amazon still has a resounding lead.
Wing has big ambitions for drone delivery: The Alphabet-owned company aims to handle millions of orders within the next 12 months as it expands how the technology is used.
Stitch Fix and Etsy feel the heat from SVB’s meltdown: While Etsy’s exposure is minimal, Stitch Fix’s loss of a $40 million credit line could hurt its turnaround strategy.
Yet another rapid grocery startup bites the dust: Food Rocket shut down less than a year after raising $25 million from Alimentation Couche-Tard.