After liquidating stores, Walmart+ outpaces, Uniqlo’s 2024 Plans, TikTok milestone, B2B marketplaces fast track...
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Holiday Outlook 2023. Shoppers want everything everywhere … all at discounts. PwC.
How generative AI can boost consumer marketing. From automating processes and powering hyperpersonalization to permanently altering the idea generation process, McKinsey.
_5 Retailers that need a strong finish for the year. These retailers have borrowed heavily, delivered soft performance, seen substantial leadership turnover or operate in a heavily discretionary sector. Can they turn themselves around?
_After liquidating stores. Retailers that filed for Chapter 11 bankruptcy are looking to start a new chapter.
_Uniqlo’s 2024 Plans: will open more than 20 stores in the U.S. and Canada in 2024, including debuts in new markets for the fashion retailer.
_Why Macy’s investors reportedly offered $5.8B to take the department store private.
_How AI will impact the holiday shopping experience.
_Walmart+ outpaces Instacart, DoorDash, Amazon Fresh in ad spend.
Walmart+, Instacart, and DoorDash spent a combined $458 million on advertising during that time period, accounting for 79% of total adspend from grocery delivery services.
Total US digital ad spend will increase 13.6% in 2024 to reach $306.94 billion, per our forecast.
Display advertising will make up more than half (56.2%) of total digital advertising next year, per our forecast. Search will make up a slightly smaller piece of the pie at 41.7%.
_Shein IPO: What it could mean for the fashion industry.
_Gift guides & livestreaming: How resale platforms are wooing shoppers this holiday season.
_B2B marketplaces fast track into mainstream US business sales. Digital Commerce 360 projects that in 2023, they will account for 12% of all B2B eCommerce sales compared with 7% of all B2B digital commerce sales in 2022.
_Temu was the most-downloaded iPhone app in the US in 2023. The Chinese eCommerce company whose app is now attracting longer engagement times than Amazon.
_New TikTok label to disclose AI-generated content.
_Pinterest showcases the trends that will shape 2024 at shoppable NYC Pop-up.
_Brands target consumer food spend on social media.
_TikTok’s is hitting a new milestone, becomes first non-game app to reach $10B in consumer spending.
_7 ways Amazon is making holiday deliveries stress-free, from Same-Day Delivery to real-time delivery tracking.
_Amazon is piloting a new $9.99 monthly grocery subscription for Prime members in three cities.
_Amazon files motion to dismiss FTC antitrust lawsuit. The eCommerce giant said in its legal rebuttal that its business practices are lawful and represent “the very essence of competition.”