Demand for faster payments is taking off for both businesses and consumers
77% of US advertisers incorporate on-site ads as part of their retail media strategy, according to a February 2024 report by Skai and Path to Purchase Institute.
Since bringing its retail media capabilities in-house, grocery giant Kroger continues to develop its self-service strategy for advertisers, Cara Pratt, SVP, Kroger Precision Marketing at 84.51°, recently told EMARKETER.
The wild economic fluctuations of the pandemic era are receding. Last year reintroduced an air of relative predictability, and the forecast for 2024 and beyond shows smooth sailing. For the next two years, retail sales will grow 4% to 5%, and ecommerce more than 8%.
Whole Foods Market will open small-format stores: But it isn’t clear whether the 7,000- to 14,000-square-foot locations will satisfy consumers’ appetite for healthy groceries.
On today's podcast episode, we discuss what comes after the end of search as we know it, what generative AI (genAI) is best at today, who the right partner for Paramount+ is, what Ikea's plans to save the mall entail, the most popular alcoholic drinks in the US, and more. Tune in to the discussion with our director of reports editing Rahul Chadha and analysts Ross Benes and Max Willens.
Knowing how price-sensitive consumers are at this moment, brands need to be extra cautious how they position themselves and their messaging. Otherwise, they could risk angering or alienating consumers, as evidenced by the reaction to recent comments from executives at the WK Kellogg Co and Wendy’s.
Walmart makes a huge acquisition in hopes of taking on Amazon’s retail media dominance, while Amazon keeps churning out generative AI innovations. Plus, Target tries to steal share from Walmart’s prowess on attracting deal-seeking shoppers. Find out who else earned a spot in our Unofficial” Most Interesting Retailers List, a monthly ranking revealed on an episode of the “Behind the Numbers: Reimagining Retail” podcast.
Sezzle and Klarna made progress toward long-term profitability in 2023—we look at how they’re using subscriptions to help make that happen
It could help make Mastercard a more attractive partner for issuers and boost conversion rates
Replicating this partnership across the BNPL industry would give lenders a clearer picture into consumer’s debts and may help ease overextension
X is losing ground to Threads rapidly: Meta’s Twitter-like platform passed X in daily downloads last month by a wide margin.
Most consumers aren’t splurging on big-ticket items: Even as economic conditions improve, retailers ranging from Best Buy to Puma to TJX expect consumers to spend cautiously this year.
The RealReal expects to break even in 2024: The resale platform is prioritizing high-value merchandise like jewelry and handbags while moving away from direct sales.
TikTok’s ecommerce push could be driving down engagement: Users are steering clear of Shop posts as the platform struggles to clean up the marketplace experience.
Best Buy expects this will be a “year of increasing industry sales stabilization”: That would be welcome news after a tough few years for consumer electronics.
More than one-third (34%) of Amazon sellers and brands worldwide use AI to write and optimize product listings, according to January 2024 data from Jungle Scout.
Figure AI scores $675 million funding round amid surging interest in warehouse automation: Walmart, Amazon, Skechers, and others are relying on robots to speed up operations and keep pace with demand.
AB InBev’s US revenues fell nearly 17.3% in Q4: That’s the third straight quarter of double-digit declines as the company reels from its Dylan Mulvaney missteps.
Price pressures on French and German consumers are easing: But steady services inflation in the EU and US could push back the timeline for interest rate cuts.