The Chinese economy shows signs of life: While that’s good news for retailers after flat growth last year, many are adopting conservative strategies to protect their bottom lines.
The card network’s gross payment volume increased 8% YoY during Q4, but it anticipates a slowdown in revenue growth this quarter.
Search ads and retail media to aid Western Europe advertisers: Economic uncertainty to bolster use of ad channels that can deliver solid returns in 2023.
We expect retail sales growth to slow to 2.9% this year: That pullback in spending is leading retailers to cut staff to protect their bottom lines.
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.
The feature lets customers view their 2022 spending patterns and suggests ways to improve financial habits in the new year.
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.
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.
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.
Ticketmaster’s dominance of ticket sales draws concern of US senators: Company grilled over Taylor Swift incident, its pricing, and fees.
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.
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.
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.