Warm weather and promotions gave UK retail sales volumes a boost in June: Department stores, home goods retailers, and grocery stores saw the biggest increases, although shoppers continue to be highly price-conscious.
Costco wants to build a store 65% larger than its typical warehouse: The Fresno, California, facility would combine ecommerce and traditional retail under one roof.
Walmart aims to help customers with sensory disabilities shop its stores: The retail giant will launch ‘sensory-friendly’ hours on designated days throughout the back-to-school shopping season.
NBCUniversal and Roku experiment with shoppable ads to reach viewers in their homes, while Netflix courts customers in the real world. Here’s how each company is leaning into commerce to diversify revenue streams.
Every Whole Foods store will soon offer Amazon One: The biometric payments technology is already available at over 200 Whole Foods stores, as well as other merchants such as Panera Bread.
Airlines can’t keep up with booming travel demand: With more travelers heading overseas and paying for premium seats, United, Delta, and American Airlines are reaping the rewards.
TikTok is using creator payouts to boost Shop adoption: The platform is offering some influencers cash incentives for reaching sales or livestream goals.
And credit card application rejections could make it harder for consumers to keep up this spending
It claimed in a lawsuit that the card networks conspired to inflate the fees
Indian tourists can now use the UPI in France, which will help boost the payment method’s worldwide volume
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss data, campaigns, and non-Amazon retailers that captured our attention during this year's Amazon Prime Day. Then for "Red-Hot Retail," our analysts give us some spicy predictions about what changes to Prime Day we may see in the future. Join our analyst Sara Lebow as she hosts analyst Blake Droesch and vice president and analyst Andrew Lipsman.
Walmart taps B2B to grow its margins: The retail giant is adding new products and tools to Walmart Business to attract more B2B customers and drive loyalty.
The IPO market is recovering: Beauty company Oddity raised $424 million in its public debut, following better-than-expected showings for Cava and Savers Value Village in June.
Optoro's new service, Home Pick-ups, aims to transform the retail returns process: It looks to provide an efficient, sustainable solution that benefits both shoppers and retailers alike.
Calendar context: With the invention of Prime Day, Amazon created an industrywide retail holiday consumers can now count on in the summer each year. Last year, Amazon also launched its Prime Early Access Sale in October. “We now have three key tentpoles,” said our analyst Andrew Lipsman on “Behind the Numbers: Reimagining Retail,” referring to Prime Day, the Prime Early Access Sale, and Black Friday. But spring remains untapped. “A question I get is, ‘Is Amazon going to do more of these?’ And I think the answer is yes, eventually,” said Lipsman.
On today's episode, we discuss a milestone for digital video, why TV lovers still love their TVs, and the relationship between digital audio and social networking. "In Other News," we talk about how many US shoppers use their phones to pay for things at the register and how many generative AI users there are in the US. Tune in to the discussion with our forecasting writer Ethan Cramer-Flood.
Prime Day advertising had a higher ROI than last year: Amazon worked out kinks from 2022’s event that will help it secure relationships with sellers.
US cosmetic and beauty sales are expected to grow over 10% this year—more than three times the 2.9% rate of the overall retail market, according to our forecast. It’s a sign of the “lipstick effect,” said our analyst Sky Canaves on our “Behind the Numbers: Reimagining Retail” podcast.
US consumer spending power rose in June: Wage increases and an encouraging retail sales report should give retailers cause for optimism.