Fewer than a third of US shoppers turn to department stores’ websites (31%) or brick-and-mortar locations (24%) when conducting beauty research, according to a May survey conducted by PowerReviews. In contrast, 71% turn to a specialty retailer’s website when researching new products.
Target is taking a page from Trader Joe’s: The retailer is adding over 20 new seasonal private label food items this fall, such as apple pie-filled cookies and honey-pumpkin goat cheese ravioli.
Global smartphone shipments could hit a decade low of 1.15 billion units—a 4.7% YoY drop. Innovation stagnation is the key culprit, but iPhones are gaining ground.
US consumer spending accelerated in July: Low unemployment, pandemic-era savings, and wage gains helped consumers continue spending, even as they pulled back in some categories.
Dollar General is struggling: After reporting disappointing Q2 results, the retailer slashed its sales and profit outlook for the rest of the year.
Walmart expands third-party seller features as it tries to take on Amazon: The retailer is seeing early results from its marketplace initiatives, but its share of the market will remain at just 2.2% this year compared with Amazon’s 72.4%.
Affiliate marketing is maturing into a multidimensional, full-funnel channel. But not everyone is convinced of its potential, said Alexandra Forsch, president of Awin Americas. For senior decision-makers, affiliate marketing is “considered a very tactical channel and not a strategic one, and as such, it’s not as attractive,” Forsch said on a “Behind the Numbers” podcast episode.
Lululemon’s strong momentum continued in Q2: The retailer raised its full-year sales and profit outlook as demand for its premium athleisure remains strong across all markets.
Toy sales growth can be attributed to kids’ shifting interests, the influence of online platforms, and expanding into older audiences. In our recent “Behind the Numbers: Reimagining Retail” podcast episode, we dive into trends impacting toy retail sales and how marketers can reach new consumers.
The service lets companies create and push virtual cards to their employees’ mobile wallets
Best Buy warned that rising net credit losses could become a problem if the financial health of the consumer deteriorates in the coming quarters
The deal is part of Trustly’s strategy to expand into open banking payments in Europe as the payment method’s use explodes
Amazon’s advertising division ranked highest in our Power of Amazon in 2023 report. Its retail ecommerce division, Amazon’s biggest business by dollars, lost share between our initial rankings in 2021 and our current forecast.
Gopuff opens up ad platform to UK advertisers: The rapid delivery startup is betting on retail media revenues to make up for softening demand.
Estée Lauder, Uber Eats, Walmart see internal and external opportunities for generative AI: But others are expressing caution due to the technology’s inconsistencies.
The holiday season is starting earlier than ever this year: With consumers tightening their wallets, they’re on the hunt for deals.
Michaels and Shutterstock are navigating growth through a blend of creative initiatives and hard metrics. Michaels is focused on enhancing its customer experience and its new online marketplace. Shutterstock is leaning into SEO, automated dashboards, social listening, and collaboration.
Instacart's IPO filing highlights its shift: From a grocery delivery service to a booming retail media platform covering 85% of the US grocery industry.
Global digital services taxation is intensifying with New Zealand aiming to tax companies like Meta and Google 3% of profits by 2025.
Lego captured market share in the first half of 2023: The company’s appeal to consumers of all ages enabled it to defy a broader slowdown in toy sales.