Nordstrom family teams with Mexican retailer Liverpool to take Nordstrom private: The move would enable Nordstrom to make long-term bets that may not pay immediate dividends.
Dick’s Sporting Goods hit a home run in Q2: While the retailer’s comparable sales and bottom-line results soar past expectations, the company is cautious about the back half of the year.
Mcommerce spending hit a record $280.4 billion in the first seven months of 2024: The channel steadily gained share this year as shoppers turned to their phones more frequently to make purchases.
Can vintage sneakers help Walmart change consumers’ perceptions of its brand? That’s the question it aims to answer after it partnered with StockX in its latest move to grab share from Amazon.
They’re supporting candidates on both sides of the aisle to secure favorable regulations next year
Payment providers aren’t backing down from crypto payments despite minimal adoption
The payments network is trying to grow in the market, but UPI’s popularity will prove difficult to overcome
This year, mobile commerce has not only broken records, but also continued to solidify itself as a driving force behind ecommerce growth. More than two-thirds (67.4%) of the US population will be mcommerce buyers this year, spending $534.8 billion on their mobile devices, per our July 2024 forecast. Here are five key stats that underscore the expanding mcommerce opportunity, plus ways for brands and retailers to capitalize.
Shopping has spread across the entire social ecosystem. Our survey of social shoppers found that the kinds of goods and services people buy differ meaningfully across the platforms.
While travel media networks aren’t new—Marriott has had one for years—the burgeoning commerce media landscape is ripe for travel and hospitality brands to secure their share of ad dollars.
Shoppers hate dynamic pricing: The controversial practice returned to the spotlight when the cost of tickets for Oasis’ comeback tour on Ticketmaster more than doubled within a few hours.
Foxtrot is back: After abruptly shuttering all its locations in April, the upscale convenience store chain has reopened the first of more than a dozen former locations slated for revival.
Shoppers are least likely to trade down in the baby, pet care, and beauty categories: On the surface that’s good news for Chewy and P&G, but consumers are cutting back in other ways.
Consumers pull back on wine and spirits: Constellation Brands lowers its outlook as it expects a 4% to 6% decline in sales of brands like Kim Crawford, Robert Mondavi, and Svedka.
Instagram brings brands into the group chat: Channels feature offers brands a more intimate way to engage, but conversion success is uncertain.
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.
Amazon received 236.9 million unique US visitors in June 2024, according to Comscore. It far exceeded Walmart in second with 137.2 million unique visitors.
In August, brands got physical, with Olipop entering a new stadium, Nordstrom inking a deal with Rihanna, and Walmart growing with nonendemic retail media opportunities. Others took a more digital approach, making shopping more seamless on social media sites and AI-powered search. Here are the moves that made our analysts name eight brands to our unofficial most interesting list in August.
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.