More than two-thirds of US consumer credit card revenues came from consumers themselves in 2022, per our estimates. Interest made up the biggest chunk at about 56% of total revenues.
2023 has been a rocky year for retail, with layoffs, inflation, and a potential recession dominating headlines. Despite all that, footwear sales are doing quite well. “People wear shoes. That’s as simple as that,” said Romy Samuel, founder of digital sneaker marketplace Common Ace.
Eurozone retail sales fell in December, underscoring the pressures European consumers face: But better-than-expected GDP growth makes a recession unlikely.
There are reasons to be bullish about malls: Foot traffic grew in January, while the number of vacancies continues to decline.
While UK retail sales rose 4.2% in January, volumes fell: The cost-of-living crisis is putting a damper on retail sales—a trend we expect to continue throughout this year.
Getir and Jokr have very different approaches to rapid grocery: Getir is focusing on expansion at the expense of profits, while Jokr is narrowing operations to a few key markets to achieve profitability.
Hashtag ‘#deinfluencing’ tops 68 million views on TikTok: The trend involves telling consumers what not to buy, pushing back against overconsumption and inauthentic creators.
Despite delays, Apple can benefit from its extensive user base and merchant acceptance to build BNPL success.
Sightline Payments will work with Visa to power its Play+ cards, which can help digitize the cash-heavy casino and gaming sector.
Warehouse construction slows as demand begins to soften: But supply remains short, which could exacerbate retailers’ challenges once consumer spending recovers.
Deckers and Skechers defy economic uncertainty to post record quarters: But elevated inventory levels among wholesale partners are driving both to focus on D2C.
Instacart leans into shoppable TV ads for Super Bowl campaign: Delivery platform’s signals its desire to woo CPG brands to improve its IPO prospects.
Amazon’s ad business reports another strong quarter: Its new AWS Clean Rooms could bolster its ongoing efforts to woo advertisers.
Retail layoffs garner headlines but they’re not the full picture: The number of people working in retail continues to grow—we break it down.
Amazon is rethinking its grocery business: The retailer is putting Fresh expansion on hold as it tries to strike a balance between innovation and value.
Over the past year, retail has pushed further into healthcare for two reasons: more customers and more money. The usual suspects (e.g., CVS, Walgreens, and Rite Aid) are all making investments in their healthcare offerings, but Amazon is on their heels.