Brands also have the luxury of choice. While there are now fewer overnight TikTok sensations, the market has become saturated with creators looking to score brand deals. That gives marketers the upper hand during negotiations, and they’re using it to propose more “creative” solutions, like affiliate marketing and content licensing deals, which cost less but can provide more measurable performance.
Report
| Apr 12, 2024
Depending on the demographics, that may be luxury vehicles such as the Lincoln Corsair, hybrid SUVs such as Hyundai Santa FE HEV, or lower-priced vehicles like Honda Civic. Go further: Read Data Drop: 5 Charts on the State of the US Auto Industry.
Article
| Oct 2, 2024
This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Jul 30, 2024
Smaller players don’t have the same luxury, but fines are often set according to the size of the company. For example, noncompliance with the DMA can result in a fine of up to 10% of a company’s global revenues. Lawsuits. These are necessary when a business refutes a regulator’s finding or refuses to correct its behavior voluntarily.
Report
| Mar 5, 2024
This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Oct 17, 2024
Cosmetics and skincare were among the few fast-moving consumer goods (FMCG) categories to show both value and unit growth as shoppers splurged on little luxuries, according to Nielsen data in The Grocer’s Top Products survey in December 2023.
Report
| Apr 8, 2024
The insight: The fast-food value war is doing little to change consumers’ perception that fast food is a luxury, according to a survey by Morning Consult. The net value for quick-service restaurants (QSRs) stood at 44.9 percentage points as of July 2024, roughly in line with where it was at the start of the year.
Article
| Sep 5, 2024
Marketers are also more likely to define “luxury” goods as designer brands or accessories, while surveyed consumers use it to refer to brand-name home goods or produce. The most desired advertising features are also at odds with consumer appetites.
Article
| Sep 11, 2024
Meanwhile, a broad array of companies, ranging from luxury retailers like Giorgio Armani to brands like Milwaukee Tool, have come under fire for their purported use of forced labor, with the likes of Apple and Google shifting manufacturing away from China. Our take: PVH represents an easy target for Beijing.
Article
| Sep 24, 2024
The lesson: Gen Z is rejecting quiet luxury for louder looks, but it has less to do with wealth than standing out. Confidence is key for the demographic, and the brands that help get them there (in a cost-effective way) will win. This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Feb 5, 2024
How one luxury retailer simplified for success. Even one of the world’s largest luxury brands has experienced some of the growing pains that come with trying to customize at scale. As the official outfitter of tennis’s Wimbledon Championship, the brand needed a way to launch automated creative to coincide with the weather, ensuring its campaigns would feel as tailored fit as its clothing.
Article
| Jun 13, 2023
Plus, eBay Ads ranked as the No. 1 overall retail media network in our Retail Media Networks Perception Benchmark 2022 report. Room to grow: eBay is losing users, and its consumer-to-consumer marketplace model is limiting. “I’m not sure that [luxury will] be enough to turn the tide,” said Canaves. 3. Walmart chases competition.
Article
| Jun 30, 2023
This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Feb 14, 2024
Audio
| Sep 4, 2024
As consumers continue to grapple with inflation and economic uncertainty, our inaugural forecast shows that the US resale market will remain one of the fastest-growing segments in retail.
Report
| Apr 3, 2023
Its high-end positioning and appearance offer opportunities for luxury and design-focused marketing strategies. AI-enhanced productivity and personalization. Copilot-enabled AI PCs: Companies including Microsoft and Acer are integrating AI assistants like Copilot into PCs.
Report
| Jan 24, 2024
In Automotive, Lexus's "Escape Room" ad was 388% more effective than the average luxury automotive creative. These results underscore the importance of understanding industry norms and consumer expectations when crafting ad campaigns. What works: The study identified several creative tactics that contributed to ad effectiveness:. Bright, punchy colors. Laugh-out-loud comedy.
Article
| Jul 19, 2024
Nearly three-quarters (73%) of customers who purchase Lancôme products on Amazon are new to the brand, Cyril Chapuy, the head of L’Oréal’s luxury division, said on the company’s Q4 earnings call. And like it or not, many labels are already sold on Amazon through the “gray market,” or unauthorized third-party resellers.
Article
| Mar 28, 2024
The acquisition could also drive up spending by giving customers incentives on luxury services as travel spending outperforms softening luxury goods purchases. This might accelerate volume growth after Capital One posted a 6% YoY increase in Q1 2023.
Article
| Jun 5, 2023
This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Mar 21, 2023
This report is a guideline to help marketers understand retail media through market size estimates, growth projections, and analysis of the complex landscape of buyers, sellers, and intermediaries.
Report
| Feb 16, 2023
This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Dec 11, 2023
This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Sep 13, 2024
On the other hand, there’s a significant subset of consumers willing to spend more on premium brands—a dynamic that’s playing out in the grocery aisle as well as in other segments like luxury and apparel. This growing bifurcation means that brands will have to find ways of tailoring their messaging to each group, emphasizing price with cost-conscious customers and quality with wealthier shoppers.
Article
| Apr 25, 2024
The focus has shifted from NFT art and collectibles to blockchain-based applications with more practical functions, such as authentication for luxury goods and connecting to loyalty programs and membership perks. However, Porsche continued branding efforts around its luxury collectible NFTs, despite a very niche market consisting of Web3 enthusiasts who can afford to purchase expensive digital art.
Report
| Mar 22, 2023