Amazon Ads fail at the worst possible time: A measurement mishap on Black Friday extended into the weekend and cost some agencies and brands dearly.
On today's episode, in our "Retail Me This, Retail Me That" segment, we talk about some must-discuss companies and what interests us the most about their recent performance. Then for "Pop-Up Rankings: Earnings Awards Edition," we rank the two best and the two most concerning retailer performances of late. Join our analyst Sara Lebow as she hosts analysts Suzy Davidkhanian and Blake Droesch.
A record number of US consumers shopped over the Cyber Five: 196.7 million US consumers shopped over the five-day period, which is 7.1 million more than the previous high.
As economic pressures weigh down on consumers, 20% plan to use BNPL to help stretch their holiday budgets, per TSG and ETA.
The ad downturn isn’t bad news for everyone: Smaller brands are getting extra visibility from ad spend now that big advertisers are pulling back.
Changing channels: Advertisers adjust their approach to TV as linear viewership falls and video-on-demand takes different forms.
Good deals drove consumers to spend big on Cyber Monday: US retail ecommerce sales may hit a record $11.3 billion—5.8% more than last year, per Adobe Analytics data.
A surprisingly strong start to the Cyber Five: Steep discounts drove record sales on Thanksgiving and Black Friday, as US consumers flocked to stores as well as ecommerce sites and apps over the holiday weekend.
Nordstrom reported a loss in Q3 as lower-income consumers steer clear of Nordstrom Rack: But the retailer is optimistic that shoppers will pick up the pace of their holiday spending later in the year.
What the IPO backlog and tumbling valuations mean for fintechs: More down rounds and private equity buyouts could be on the way.
Amazon’s ‘colossal failure’: One of the most successful voice assistants, Alexa is also losing billions of dollars. But there are some revenue-building steps Amazon could take.
The etailer is offering signup bonuses on its cards and other incentives to ensure payments volume stays within the company.
Retailers' Q3 earnings show signs of optimism ahead of the holiday season: Foot Locker, Dick’s Sporting Goods, Best Buy, and American Eagle each beat expectations as shoppers continue to spend.
Dollar Tree sees higher sales, but lower profits: The discount retailer’s expansion into grocery is growing ticket sizes but squeezing margins.