Gen Z shoppers embrace Temu, Shein, and TikTok Shop: 1 in 4 makes a purchase at a Chinese online marketplace at least once a week, as their array of cheap, trendy goods proves impossible for the price-sensitive cohort to resist.
Retail is largely unprepared for a TikTok ban: While 96% of merchants are aware of the potential disruption, only 28% have a specific contingency plan.
There’s far more uncertainty than usual this holiday season: A high-stakes US presidential election and a potential port strike are two factors that could throw retailers for a loop.
Halloween does the trick to drive sales: The majority of consumers plan to spend more than $50 on decorations and nearly half expect to spend that amount on candy.
A strong digital presence drove Nordstrom Rack's Q2 growth, while Crocs hopes to revitalize its HEYDUDE brand by focusing on a younger, female audience. Holliseter is leveraging back-to-school promotions and targeted marketing initiatives to reintroduce the brand to younger consumers.
Instagram shoppers and millennials are top spenders. TikTok shoppers buy most frequently. Gen Z has mixed habits on Facebook and Pinterest.
Affirm Card once again propelled the fintech’s growth. Affirm predicts rate cuts will give it an added boost
The one-click checkout experience is setting itself up for growth thanks to big-name partnerships like this one
Macroeconomic headwinds drive shoppers to hunt for a deal: Off-price retailers like Nordstrom Rack, Burlington, and TJX are thriving amid the current climate.
Lower-income consumers feel pinched: That’s a challenge for Dollar General given that about 60% of its sales come from households earning less than $35,000 per year.
Victoria Beckham sales defy luxury slowdown: The fashion and beauty brand reported a third consecutive year of double-digit growth after making strategic pivots and injecting millions into the business.
Best Buy’s comparable tablet and computing sales grew 6% in Q2: That’s a promising sign for the retailer, which has looked to AI-powered PCs and other technology, to help turn its fortunes around.
Walmart enhanced its online marketplace with new capabilities and seller solutions, the retailer announced at its annual Walmart Marketplace Seller Summit this week. Updates include the addition of premium beauty products, expanded fulfillment services, and revamped seller solutions.
In comparison, just over one-third of Facebook social shoppers do the same on Facebook.
Retailers rank return fraud high on their list of challenges: Tactics like wardrobing are gaining popularity, forcing companies to tighten return policies at the risk of alienating honest shoppers.
Kohl’s turnaround strategy remains a work in progress: The retailer’s sales fell 4.2% with comparable sales down 5.1% as shoppers showed more discretion in their spending.
Walmart eyes big growth opportunities ahead: The retailer expands its third-party services offerings, while also adding high-end beauty products, collectibles, and other pre-owned products to its marketplace.
Lego builds momentum: The company grew sales 13% in the first half of the year with strength across its portfolio.
On today's podcast episode, we discuss the unofficial list of the most interesting retailers for the month of August. Each month, our analysts Arielle Feger, Becky Schilling, and Sara Lebow (aka The Committee) put together a very unofficial list of the top eight retailers they're watching based on which are making the most interesting moves: Who's launching new initiatives? Which partnerships are moving the needle? Which standout marketing campaigns are being created? In this month's episode, Committee members Arielle Feger and Sara Lebow will defend their list against analysts Blake Droesch and Sarah Marzano, who will dispute the power rankings by attempting to move retailers up, down, on, or off the list.
Both retailers used generative AI to improve employee productivity in Q2—Walmart leveraged the tech to improve its product catalog and Target used it to enhance in-store employee tools. Target’s curbside pickup service helped it grow digital comparable sales 8.7% YoY, while Walmart’s marketplace and sales of GLP-1 drugs contributed to its 4.2% comp sales growth YoY.