Off-price retail continues to thrive amid economic uncertainty: Monthly visits to TJ Maxx, Ross, Marshall’s, and Burlington spiked in January as shoppers prioritize discount retailers.
Walmart is scaling back its tech hub footprint: The retailer is closing three of its US tech hubs and requiring tech workers to come into the office at least two days a week.
Its TPV grew 9% YoY, down from 23% a year ago. PayPal hopes to reinvigorate growth with cost restructuring and innovation efforts.
New Look joins H&M, Zara in charging for returns: The fashion retailer is trialing fees to reduce fulfillment costs, but the move risks alienating cost-conscious consumers.
Gen Zers are more likely than any other age group to have brand loyalty—even if it means spending more. As this younger generation's spending power continues to grow, how can brands win them over for good? Find out more in our latest data drop.
Amazon reportedly laid off about 20% of Zappos’ workforce in January: The retail giant is cutting costs at Zappos and elsewhere as it recalibrates for slower growth.
On today's episode, we discuss what to make of Amazon's 2% decline in online store sales, how to interpret its advertising service's 19% revenue growth, and why the company is rethinking its Amazon Fresh strategy. "In Other News," we talk about how Pinterest views the future of shoppable video and how malls are resurging. Tune in to the discussion with our analyst Andrew Lipsman.
Food delivery platform Meituan plans to hire 10,000 workers to capitalize on China’s reopening: The company is expanding aggressively to counter competition from Bytedance and Alibaba.
Adidas faces a tough road to recovery: The company could lose up to $1.3 billion in revenues this year from unsold Yeezy inventory, while other big bets like Beyoncé’s Ivy Park line are failing to pay off.
The new tool, Shopify Magic, uses AI to help merchants generate product descriptions. So far, Amazon has stayed quiet on generative AI, giving Shopify the chance to gain a competitive edge. But it may not last for long if Amazon decides to get in on the AI craze.
After touting a recession-proof business model, the BNPL firm slashed 19% of its workforce and will restructure to the tune of $39M.
Netflix’s password sharing crackdown starts off rough: After a set of leaked rules provoked a backlash, Netflix’s plan is kicking off with that feedback in mind.
“If you’re going to grow a brand, it’s not going to come to loyalty alone. You will have to reach more customers. You will have to have more customers buying more often.” That’s according to Jared Schrieber, co-founder and former CEO of InfoScout (now Numerator), speaking on the “Behind the Numbers: Reimagining Retail” podcast about his new book, “Breakout Brands: Why Some Brands Take Off...and Others Don't.”
Among the major global platforms, Facebook and Instagram will remain firmly at the top in both total revenues and user base, and TikTok will once again be the fastest-growing platform in both areas