Retail & ecommerce briefing Trends & Statistics

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Slowing sales growth drives retailers to cut their workforce

Article
Jan 27, 2023

We expect retail sales growth to slow to 2.9% this year: That pullback in spending is leading retailers to cut staff to protect their bottom lines.

Valentine’s Day spending is expected to rise 8.4% this year

Article
Jan 26, 2023

Consumers expect to spend nearly 10% more on Valentine’s Day this year: And nearly one-third plan to give the gift of an experience, the highest share ever.

Retailers may need to boost wages to deliver a good customer experience

Retailers may need to boost wages to deliver a good customer experience

Article
Jan 25, 2023

Attracting and retaining retail employees isn’t easy: But it's critical to delivering a high-quality customer experience. That’s why Walmart and others are boosting wages.

Brands boosted their spending on Walmart Connect in Q4

Article
Jan 24, 2023

Walmart’s fledgling retail media business made big gains in Q4: Ad spending on the platform rose 31% YoY thanks in part to the ads’ growing effectiveness.

Companies brace for last-mile disruption as potential UPS strike looms

Companies brace for last-mile disruption as potential UPS strike looms

Article
Jan 24, 2023

Potential UPS strike hastens last-mile diversification: Rival FedEx, as well as local carriers and retailers’ logistics services, are reaping the rewards as companies try to minimize disruption.

Amazon Air launches in India

Article
Jan 23, 2023

We expect retail sales in India to grow 11% this year: That’s enough to make it the fastest-growing market in the world, which is one reason Amazon is investing in the region.

Procter & Gamble’s sales, volumes fall as price increases hurt demand

Procter & Gamble’s sales, volumes fall as price increases hurt demand

Article
Jan 20, 2023

Procter & Gamble is determined to push through price hikes: Despite falling sales volumes and softening demand, the CPG giant plans to continue raising prices to cover its costs.

Whole Foods looks to open 30 new stores a year

Article
Jan 20, 2023

Amazon-owned Whole Foods is in expansion mode: While its parent company looks to cut costs, the high-end grocer sees an opportunity to attract consumers as they return to in-store shopping.

Department stores adapt to survive in the difficult retail landscape

Department stores adapt to survive in the difficult retail landscape

Article
Jan 18, 2023

Macy’s, Neiman Marcus, Hudson’s Bay rethink their strategies as department store sales fall: Tactics include using data science to predict trends and improve pricing strategy, doubling down on luxury, and maximizing store appeal with experiential concepts.

Retail sales rise 6.0% in December, as consumers pulled back on spending

Article
Jan 18, 2023

Consumers pulled back on spending in December: Even as inflation eases, consumers’ diminished spending power is forcing them to make choices about what they buy.

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Amazon Fashion teams up with Rent the Runway on resale

Article
Jan 13, 2023

It’s easier than ever to find fashion resale online: The latest example of that is Rent the Runway’s new storefront on Amazon Fashion.

Amazon’s struggles give Walmart an opening

Amazon’s struggles give Walmart an opening

Article
Jan 13, 2023

Walmart has an unprecedented opportunity to gain ground on Amazon: The big-box retailer is taking advantage of the latter’s state of disarray to reassert its dominance and take the lead on innovation.

Spiking holiday returns could lead retailers to adjust their policies

Article
Jan 12, 2023

Retailers struggle under the weight of holiday returns: Global returns grew 63% YoY as economic concerns drove shoppers to rethink purchases.

High-profile retailers are shuttering stores, but that doesn’t mean a broader ‘retailpocalypse’ is imminent

High-profile retailers are shuttering stores, but that doesn’t mean a broader ‘retailpocalypse’ is imminent

Article
Jan 11, 2023

Beware of the ‘retailpocalypse’ narrative: While retailers such as Gap and Macy’s shutter stores, there’s no sign that a broader bust is imminent.

PepsiCo and Coca-Cola face FTC scrutiny over potential price discrimination

PepsiCo and Coca-Cola face FTC scrutiny over potential price discrimination

Article
Jan 11, 2023

Brands and retailers face threats to their pricing power: An FTC investigation into PepsiCo and Coca-Cola’s pricing practices, coupled with consumers’ cost sensitivity, could limit companies’ abilities to dictate prices.

IRI integrates with Meta in bid for incremental shopper marketing dollars

IRI integrates with Meta in bid for incremental shopper marketing dollars

Article
Jan 09, 2023

IRI woos shopper marketers: Its new platform should give advertisers greater visibility into retailer and SKU-level results.

Lululemon, Macy’s, and Chico’s lower their Q4 outlooks

Lululemon, Macy’s, and Chico’s lower their Q4 outlooks

Article
Jan 09, 2023

Consumers pull back on discretionary spending: While that’s an ominous sign for retailers such as Macy’s and lululemon, there are still some glimmers of hope on the horizon.

Amazon’s cost-cutting measures continue

Article
Jan 06, 2023

Amazon’s 2023 is off to a difficult start: The retailer said it would lay off over 18,000 workers as it prepares to weather global uncertainty.

Inflation is still consumers’ top concern in 2023

Inflation is still consumers’ top concern in 2023

Article
Jan 04, 2023

Saving money is a priority for consumers in 2023: Shoppers plan to cut back on unnecessary purchases in anticipation of difficult economic circumstances.

Shopify rolls out a new service to woo large retailers

Shopify rolls out a new service to woo large retailers

Article
Jan 04, 2023

Can a new service help Shopify attract more enterprise retailers? Commerce Components by Shopify allows large retailers to integrate Shopify’s tools and services into their online platforms.

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