Amazon looks to give itself a boost before the next Prime Day: The ecommerce giant is purchasing Roomba maker iRobot for $1.7 billion.
Luxury brands look beyond traditional retail centers to drive growth: Gucci, Prada, Balenciaga, and others are opening stores in new markets and fast-growing cities to capitalize on strong demand for designer products.
Consumers aren’t cutting back on food delivery: DoorDash’s Q2 revenues beat expectations, but the company still can’t make delivery profitable.
Subscription ecommerce growth remains strong in 2022: But looming consumer fatigue means that retailers should consider it as just one pillar of their business strategy.
Inflation may be taking a bite out of candy sales, but there are still sweet spots.
Krystal Walker, Director of Beauty Development and Customer Experience at CVS Health, spoke with Insider Intelligence about the launch of Skin Care Centers.
Customer-to-customer payments volume dropped 13% YoY in Q2. But it outlined three initiatives to help it reverse declines in H2.
Walmart brings on partners to improve ad network: Additions connect advertisers to measurement, ecommerce, shopper marketing, and adtech solutions.
Ditching Netflix to pay for groceries: Consumers in the US and UK show a willingness to cut back on media and retail subscriptions as the cost of living skyrockets.
Record-low warehouse vacancy rates add to retailers’ woes: Companies face an inventory pileup as they struggle to offload existing items before holiday shipments come in.
We talked with our Reimagining Retail team to see if they could provide a little insight.
China leads the world in retail ecommerce share, with 45.3% of the country’s retail sales occurring online this year. The UK will take the No. 2 spot, with a 35.9% share, followed by South Korea, where 30.1% of retail sales will be via ecommerce.
Retailers enhance their rewards programs as inflation shifts consumer spend: But that’s easier said than done, as overly complex rewards can steer away customers rather than encourage their loyalty.
Brand loyalty is starting to decline: The uncertain economy has made consumers feel more distant from brands that are struggling most.