Fragrances will see about $240 million in US ecommerce sales this year, following a massive 72.9% growth rate in 2021, when consumers returned to social activities but stuck with their pandemic-induced habit of shopping online.
Etsy sellers are growing disillusioned with the online marketplace: Sellers hope a strike and customer boycott will convince the company to reverse course on planned fee increases.
Delivery apps race to sign up retailers to their platforms: DoorDash, Uber Eats, and Gopuff each inked new deals to grow their retailer network and bring fast delivery to more customers.
Grocers fine-tune their retail media networks to attract CPG dollars: Kroger and Walmart’s new features aim to improve advertisers’ experiences and results, but they may fall short of expectations.
Biden Administration prepares to promote innovation through tighter regulation: The DOJ’s support for antitrust bill could level the playing field for smaller firms but risks putting Big Tech on the defensive.
Shoppers embrace online furniture purchases, but in-store experiences still matter: Furniture brands Article and Restoration Hardware each had a great 2021, despite very different strategies.
Lululemon isn’t afraid to go toe-to-toe with Nike: Emboldened by strong sales growth last year, the apparel retailer expands into new product categories.
Apple joins other retailers looking for ways to maximize recurring revenue: A hardware subscription program could help the tech giant make up for softening consumer demand and build deeper relationships with consumers.
The majority of US consumers are shouldering loan debt, with 61.1% holding one or more loan accounts with an outstanding balance. The most common types of accounts to have an outstanding balance are mortgages (33.3%) and auto loans (31.0%).
Sustainability is good for the planet and good for business: Consumers are willing to pay more for items produced in an environmentally friendly manner.
Amazon’s digital sales will grow significantly faster than the overall market in four categories this year.
Changing consumer habits are causing Walmart to rethink tobacco sales: The retailer is moving away from cigarette sales as it builds out its healthcare business and reconfigures store layouts.
The first Metaverse Fashion Week shows brands and retailers don’t want to be left behind: while the user experience is still rough, early adopters are positioning themselves to be long-term metaverse players.
Eligible Capital One cardholders can redeem rewards for MLB tickets and can also get exclusive tickets for events like the World Series.