Target aims to gain a larger share of the lower-income market: The retailer plans to begin accepting Supplemental Nutrition Assistance Program (SNAP) benefits for online orders later this month.
In 2022, US meal-kit subscription services will deliver $7.63 billion in digital sales to make up 22.8% of the country’s subscription ecommerce sales. The meal-kit subscription market has seen slowing growth since mushrooming by 85.0% in 2020, though its 17.0% increase this year is healthy nonetheless.
Target hopes the second time’s the charm for a thredUP resale partnership: Amid rising consumer interest in—and spending on—secondhand clothing, the big-box retailer re-enters the resale market.
Cooling consumer demand drives down Q1 PC sales: PC makers need to attract consumer and educational markets with compelling 2-in-1s, gaming PCs, and tablets in coming quarters.
Google continues to court consumers with a new visual shopping feature: The tech giant’s multisearch capability helps fend off competition from social media platforms by simplifying product discovery.
US teens are spending more, but their budget remains limited: Nike, Ulta, and Shein are among the cohort’s favorite retailers, per a new survey.
Apple’s Mail Privacy Protection stymies marketers: Though the impactful feature makes it hard to discern user behavior, it has proven popular with consumers, per new Litmus data.
Block’s Jack Dorsey announced three new services at the Bitcoin 2022 conference aimed at streamlining Bitcoin investing and purchasing.
A number of economic headwinds threaten to pummel retailers: The war in Ukraine, continued supply chain bottlenecks, and rising inflation are increasing the risk of recession.
Kroger looks to restaurants and retail partnerships to drive growth: As grocery margins shrink, the retailer enters the restaurant supply business and launches an ecommerce partnership with Bed Bath & Beyond.
Bolt acquired crypto startup Wyre Payments to help it stand out in the highly competitive one-click checkout space.
Influencer payouts on social media are fickle, but creators have little choice: Instagram and others are getting criticized for opaque monetization rules.
2022 stands to be a record year for weddings: Retailers that cater to the growing number of couples planning to tie the knot this year should generate strong gains.
Inflation isn’t stopping consumers from buying premium brands: Levi’s and Birkenstocks are some of the companies leveraging their brand equity to raise prices and secure favorable retail partnerships.
Roderick Morris co-founded Lovevery to provide parents with a subscription-based model of toys that evolve with children as they develop. He spoke with Insider Intelligence about expanding the subscription business internationally, providing parents with proper data to make purchasing decisions for their children, and more.