Does a set of standards devalue retail media networks’ walled gardens? Unilever is trying to convince the industry that it doesn’t, and is urging competitors to come together.
Freight-booking platform Freightos pushes past headwinds to go public: The company’s timing is less than ideal given that the shipping industry is contending with a sharp slowdown in demand.
Sam’s Club aims to open 30 new stores: The membership club looks to build on its pandemic-era gains by expanding into fast-growing suburban areas.
Consumers expect to spend nearly 10% more on Valentine’s Day this year: And nearly one-third plan to give the gift of an experience, the highest share ever.
Walmart is undergoing a “much broader shift,” said our analyst Sky Canaves on our “Behind the Numbers: Reimagining Retail” podcast. Where Walmart was once seen as primarily a retailer, it’s pivoting into tech and services. Walmart’s business remains rooted in grocery, but through its retail as a service and Walmart+ offerings, it’s expanding that flywheel.
Retailers continue to invest in the metaverse, despite limited consumer interest: Startups Emperia and Digital Village each bagged millions in funding for their virtual store tech.
Ticketmaster’s dominance of ticket sales draws concern of US senators: Company grilled over Taylor Swift incident, its pricing, and fees.
Nike may have to reconsider its D2C strategy: The footwear giant is losing market share as more cost-conscious, affluent shoppers opt for Skechers instead.
Levi’s Q4 revenues beat expectations thanks to strong D2C sales: But declining sales at wholesale partners like Target and Walmart are pushing the retailer to diversify its offerings.
Becoming Amazon’s strategic payments partner in the US, Canada, and Europe can help Stripe bolster its processing business.
See our latest industry KPIs for retail media.
Retail media networks will challenge Google and Meta, and offer retailers serious margins.
Attracting and retaining retail employees isn’t easy: But it's critical to delivering a high-quality customer experience. That’s why Walmart and others are boosting wages.
This year, US retail returns volume will reach $627.34 billion, representing 8.5% of all retail sales, according to our forecast. After surging in 2020 and 2021 (due to the pandemic ecommerce boom and stimulus-driven boost in consumer spending), growth normalized last year and will continue to slow through 2024.