The home improvement market bubble has burst: Home Depot expects sales to decline this year for the first time in over a decade as consumers pull back on home-related purchases.
Amazon Prime will make up 53.1% of US paid retail membership fee revenues this year, according to our estimates.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss how many Americans have a mobile wallet, which ones are most popular, and what's happening with retailers' branded wallets. Then for "Red-Hot Retail," our analysts give us four spicy predictions about the future of mobile wallets. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Jaime Toplin.
On Running’s sales soared 78% in Q1: The Swiss running shoe brand also increased its margins by 6.5 percentage points and is bullish on the year ahead.
Magazine Luiza’s 3P marketplace sales surpassed its physical stores in Q1: The company’s online sales rose 11% amid a challenging time for the Brazilian retail market.
US retail sales rose in April: But plummeting consumer sentiment and declining spend from high-income households could constrain growth for the rest of the year.
Many retailers launched paid memberships over the past three years. For the most part, they were intended to increase revenues and build loyalty during the pandemic-driven ecommerce boom. But the slowdown in revenue growth indicates that consumers are only willing to spend so much on retail subscriptions, particularly amid economic uncertainty.
Despite a tough few months, Stripe is willing to invest in crypto. Industry rivals may need to take note.
The Amazon of Latin America has a $3.6 billion plan: Mercado Libre will invest 19 billion reais in Brazil, in part to fund its fintech arm—which poses an enormous threat to the region’s banks.
Amazon doubles down on fast delivery: The retailer uses AI to reduce the distance it takes to fulfill orders, and prioritizes items that can be delivered quickly in search results.
Just 52% of consumers trust retail reviews: And while low ratings quickly turn customers off, there are steps retailers can take to leverage reviews to their advantage.
Alibaba’s Taobao will invest in livestreaming, merchant tools as growth slows: The company aims to reclaim market share as oversight from Beijing eases, but economic difficulties continue to pose a challenge.
Store visits to off-price retailers rose in April: The sector’s resilience is driving Macy’s and Nordstrom to expand their off-price banners.
Walmart lags behind Amazon in total ecommerce sales, retail media ad dollars, and retail subscriptions. But there may be ways for it to minimize the gap in certain areas, namely search and AI capabilities.
The EU is ramping up its efforts in an antitrust probe into Apple Pay. But the Big Tech firm’s loyal customers should shield it from potential fallout.
The European Central Bank is looking into greedflation as corporate profits rise: That has put CPG companies in the hot seat, as grocers and governments push back against persistent price hikes.