Streaming’s 2023 will be marked by price hikes: Embattled live TV service Fubo was the first to raise prices, but major rivals won’t be far behind.
Amazon looks to expand its reach on other merchants’ sites: The retailer is expanding its Buy with Prime service and allowing merchants to display Amazon reviews on their sites.
Albertsons’ ecommerce push is working: The grocer’s digital sales growth massively outpaced the broader US online grocery market in the most recent quarter.
Consumers in China spent roughly $208 billion on ByteDance’s Douyin app: TikTok’s parent company is also seeing strong social commerce results elsewhere, while Instagram pulls back on shopping.
The expected record-high rates will raise demand for budgeting tools, rewards focused on everyday spending, and BNPL.
IRI woos shopper marketers: Its new platform should give advertisers greater visibility into retailer and SKU-level results.
It took more than a decade for search and social to gain wide market traction, but the timeframe is shortening. Marketers who are slow to embrace emerging platforms will find themselves left behind even faster than before.
The beer industry is not recession-proof: Rising prices are denting demand as cash-strapped consumers look for cheaper alcoholic options.
Consumers spent $211.7 billion online over the 2022 holiday season (from November 1 to December 31), growing 3.5% year over year, per Adobe Analytics.
Consumers pull back on discretionary spending: While that’s an ominous sign for retailers such as Macy’s and lululemon, there are still some glimmers of hope on the horizon.
Amazon laying off 18,000: That’s significantly more than previously disclosed and could indicate that widespread job cuts are around the corner for tech companies. Job uncertainty could lead to panic and stall innovation.
The firm is reportedly in talks over a sale. We discuss why it could be an attractive acquisition and how likely a buyout is.
Amazon’s 2023 is off to a difficult start: The retailer said it would lay off over 18,000 workers as it prepares to weather global uncertainty.
“We used to talk about ‘omnichannel’ and we should just be talking about ‘commerce.’” That’s according to our analyst Suzy Davidkhanian, speaking on our “Behind the Numbers: Reimagining Retail” podcast.