Canadian consumers keep tightening their belts: Retail sales fell 0.1% MoM in February after contracting 0.3% in January.
Saks launches retail media network amid slowing sales: The ecommerce retailer is billing its offering as a unique opportunity to connect with luxury shoppers.
Starbucks resumes talks with union as public opinion forces concessions: But a Supreme Court ruling could shift power in the company’s favor by making it harder to challenge unfair labor practices.
Google tells employees to work faster to earn their keep: The generative AI marketplace shakeup and increasing regulation are causing stress at the company. Layoffs aren’t helping.
This could be a large setback for Affirm and may be a sign the retail giant wants to bring its other financial products in-house
The tie-ups highlight viable paths for growing open banking-powered payments in the US, including B2B and P2P payments
The BNPL’s push into AI to replace labor costs may have contributed to the fire sale
PepsiCo’s higher prices led to weakening demand: But robust demand from international markets helped the company beat analysts’ expectations.
The FTC pushes back against Tapestry’s $8.5 billion Capri acquisition: The commission argued the deal will reduce competition and raise prices for US consumers.
Amazon rolls out US grocery subscription as it tries to halt Walmart’s momentum: But the offering’s high cost relative to those of competitors could limit its impact on Amazon’s grocery business.
Meta raises AI stakes: Meta AI has a competitive advantage over ChatGPT in potential distribution and could eventually provide new surfaces to serve ads.
We look at the tailwinds that pushed Amex ahead—and one potential headwind coming its way.
Consumers are more ready for shoppable TV than ever. “The opportunity around shoppable TV is changing due to significant advancements in technology and shifts in consumer behavior,” said David Cohen, CEO of the Interactive Advertising Bureau (IAB), in its recent Retail Media Goes to the Movies report.
In a recent meta analysis, Grocery TV discovered that consumer packaged goods (CPG) brands averaged a 14% increase in incremental sales when advertising through its in-store retail media network.
Albertsons and Kroger try to appease regulators: The companies will sell more stores to C&S Wholesale Grocers to clear the pathway for their merger.
TikTok Shop expands luxury resale offering to the UK: The platform partnered with established players in the secondhand space to deflect counterfeit concerns.
Express failed to adapt to consumers’ changing tastes: Missteps led the company to file for bankruptcy and shutter more than 100 stores.
Restaurants want in on drone delivery: Panera Bread and Jet’s Pizza are joining retailers like Amazon and Walmart in the search for ways to deliver orders faster and more consistently.
US retail marketplace ecommerce sales will grow 11.4% to reach $428.30 billion this year, per our forecast. Because Amazon (73.4%) and eBay (8.2%) will rake in the majority of those sales, smaller marketplaces like Shein, Michaels, and Wayfair are getting creative and taking the battle for sales in-store.