The economy looks very different to high-income consumers: Luxury sales continue to soar, while lower-income shoppers rethink their priorities.
Southeast Asia is home to the three fastest-growing ecommerce markets in the world. This year, Singapore will post 36.0% digital sales growth, while Indonesia will see an increase of 34.0% and the Philippines, 25.9%.
Google Shopping stands to benefit from external factors that will draw more shoppers to its platforms.
Volume increased 12% YoY in its fiscal Q3 and was at 136% of 2019 levels—though inflation likely played a role.
McDonald’s takes a personalized approach to value to drive sales: The fast-food company is relying on targeted promotions to soften the blow of higher prices.
Fanatics expects its collectibles business will generate $1 billion this year: The company signed deals with Netflix and Legendary Entertainment as it expands into pop culture.
There’s a new container ship backup: Demand surged earlier than usual as several large retailers moved up their holiday imports to (ironically) avoid supply chain disruptions.
Walmart looks to benefit from consumers’ shifting spending patterns: The retailer giant is working with health and wellness hospitality company Getaway to develop small general stores at some travel outposts.
While Nordstrom hasn’t seen its customers cutting back, it could be only a matter of time before the recession comes for the department store.
Adding functions for small sellers’ convenience can help shore up its business, but it could also foreshadow Amazon’s broader payments strategy.
Walmart’s profit warning signals tough times ahead for retailers: But Unilever and The Coca-Cola Co. reported strong earnings due to higher prices as CPGs continue to thrive.
Prime memberships are about to get more expensive: Amazon is hiking fees up to 43% in some European markets to offset higher operating costs, but the move could put a damper on subscriber growth.
Glossier becomes the latest D2C brand to pursue wholesale: The beauty digital native’s deal with Sephora puts the company on a more traditional path to growth.
Shopify overestimated consumers’ appetite for ecommerce: The company cut 10% of its workforce to adjust to slowing ecommerce sales and an uncertain economy.
Following the heels of Amazon’s biggest Prime Day ever, our Remaining Retail podcast team discussed what’s next for the retail giant.