Younger generations are more likely to discover new grocery products via social media and search engines.
Target shifts away from a nationwide distribution network: By placing goods closer to customers, the retailer is delivering orders faster and speeding up store replenishment.
The slowdown in discretionary spending hurt Petco’s Q2 results: The retailer’s supplies and companion animal business fell 9.4% YoY, and some shoppers are trading down to lower-priced food.
Shein teams up with Forever 21 to grow marketplace selection, experiment with brick-and-mortar retail: Forever 21 will gain access to the former’s 150 million global customers to help it win back fast-fashion share.
Walmart expands drone delivery in Texas: Roughly 60,000 more households will be able to get food, groceries, and medicine delivered by drone.
On today's podcast episode, in our "Retail Me This, Retail Me That" segment, we discuss what established brands have to gain by going D2C, the ways digitally native brands sell in brick-and-mortar stores, and how brands are maintaining a digitally native “identity” for marketing purposes while also going wholesale. Then, for "Pop-Up Rankings," we rank the the digital natives that are primed for success and the ones that need to up their game. Join our analyst Sara Lebow as she hosts vice president of content Suzy Davidkhanian and president of SageBerry Consulting and author of "Remarkable Retail" Steve Dennis.
“[This year] has been a once-in-a-career opportunity to hit the reset button on promotions and not just lift and shift what you did in the past,” said Erica Harrison, vice president of analytics at NielsenIQ during a recent LinkedIn live Q&A. As brands rethink their pricing and promotion strategies, they must keep track of their competition, secure retailer support, and get the timing right. However, it’s also important not to train consumers to be over-reliant on promotions. Here are five tips for brands as we head into the holiday season.
Olipop uses TikTok and the promise of gut health to capture Gen Z’s attention, while Crocs leans on Gen Z’s sense of nostalgia and cool collaborations. Coach reinvented itself to appeal to a younger generation of fashion consumers who want to express themselves and GU makes its US debut as Uniqlo’s little sister.
Abercrombie & Fitch boosts full-year sales outlook after a strong Q2: The retailer’s popularity among Gen Z and millennial consumers helped it sidestep the spending slowdown seen by competitors.
It joins a frenzy of other payment providers racing to add the functionality
The mass media campaign targets the Hispanic community in the US, which is the world’s top remitting country
Changes to Bank of America’s Customized Cash Rewards could prove popular, but Amex’s price hikes may leave consumers with a sour taste
ByteDance is dead set on building up TikTok Shop in the US: Its aggressive moves to build a robust shopping service could lead to a $500 million loss this year.
Kohl’s Q2 revenues were down 16.5% from prepandemic 2019: That’s a clear sign of how far the retailer needs to climb to reach stable ground.
Ecommerce sales growth worldwide is poised to increase by 8.9% in 2023 after increasing by 6.5% in 2022, according to our forecast. While this growth trend will continue in 2024—reaching 9.4%—ecommerce sales growth worldwide will fall to 8.6% in 2025.
Lowe’s comparable sales fell 1.6% YoY in Q2: The retailer expects challenges ahead as cash-strapped shoppers pull back on DIY projects.
Coty’s revenues rose 16% YoY in fiscal Q4: While consumers pull back on discretionary spending in many categories, they continue to splurge on Coty’s beauty and cosmetics brands.
Retailers single out retail theft as profitability slides: Target, Home Depot, and Dick’s Sporting Goods blamed increased retail shrink in Q2 for tighter margins, but it’s unclear whether theft is really at fault.
Macy’s maintains conservative outlook as consumers face mounting pressure: The department store retailer is focusing on value and partnerships with top brands like Nike to attract shoppers.
The launch of the international version of its app can attract travelers for its payment capabilities and its travel services