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CEO and founder Zak Ringelstein wants Zigazoo to be a mainstream healthier alternative to social media, akin to Whole Foods among supermarket chains. 鈥淲e鈥檙e not going to be in a world where social media doesn鈥檛 exist,鈥� says Ringelstein. 鈥淏ut we need to come up with something that is healthier, safer, and protects adolescents from toxicity, bullying, and too much screen time.鈥�.

On today鈥檚 podcast episode, we discuss what鈥檚 fueling Amazons online shopping revenue, how much its advertising business is contributing to its total revenue, and how significant its cloud business has become. Tune in to the discussion with Senior Director of Podcasts and host Marcus Johnson, Senior Director of Briefings Jeremy Goldman, and Analyst Rachel Wolff.

But demand has waned post-pandemic, and many consumers are ditching drugstores altogether in favor of online retailers. For example, CVS is closing about 10% of its locations. We forecast that CVS retail clinic patients will decline 4.6% next year and 7.9% in 2026. Walgreens plans to close 1,200 stores over the next three years.

Private labels make up nearly a quarter (23.8%) of total grocery units sold, according to July 2024 data from Numerator. While Aldi is the No. 1 private label retailer in the US, with private label representing 80% of its total units sold, Kroger鈥檚 Smart Way is the fastest-growing private label, increasing its unit volume 135% YoY, per Numerator.

鈥淧eople will see that they are an advertising company, not a grocery delivery company,鈥� said Lipsman. 鈥淭hat鈥檚 the source of their value, the high-margin ad business that they are growing strongly.鈥�. 3. Walmart will partner with Paramount+ to power its connected TV ads. Last year, Walmart added Paramount+ to its Walmart+ offerings.

Amazon is also trying to give its grocery business a boost. Shoppers who visit an Amazon Fresh store during Prime Day will receive 25% off their purchases, while those who order from Amazon Fresh online get $20 off purchases of $100 or more. And in a Prime Day first, Amazon teamed up with Priceline to offer exclusive travel discounts to take advantage of strong travel demand.

Other sectors with high conversion rates and CPAs were clothing, shoes, and jewelry (conversion rate of 5.5%; CPA of $66) and grocery and gourmet food (4.94%; $53). Some sectors had much higher CPAs with low conversion rates. Home and kitchen had CPAs of $77 but a conversion rate of just 1.3%. Automotive had the highest CPAs at $78 but held a 1.4% conversion rate.

More Chart of the Day:. 9/6 - Retail media closes the deal. 9/5 - Beauty researchers bypass department store. 9/1 - Gen Z鈥檚 big grocery search. 8/31 - Our Amazon power rankings. 8/30 - TikTok's time takeover.

While it remains to be seen whether the company鈥檚 customers will embrace the opportunity to arrange for furniture assembly or landscaping services through the platform, the success of other initiatives, including a travel booking service and grocery delivery, is empowering Uber to look for more expansion opportunities.

Adobe Analytics predicts UK shoppers will spend 拢17.2 billion ($21.19 billion) via BNPL services online in 2023, which is around 10% of total retail ecommerce spend. Electronics and fashion are the top categories for BNPL payments, but UK consumers are also using the service to pay for day-to-day essentials such as groceries and fuel, and to fund holidays. BNPL platforms are evolving beyond payments.

How it works: Sensei鈥檚 main product consists of readymade automated pod structures designed to help organizations such as supermarkets and hospitality companies operate more efficiently. The structures include compact stores, modular cabinets, and smart lanes that can, for instance, transition a buffet into an automated store during slow hours.

Initially unique, Eataly combined dining and grocery shopping under one roof, attracting many customers to its Italian marketplace. However, as local stores now offer international and specialty foods, Eataly鈥檚 novelty has faded, making it primarily a tourist attraction, said Stambor.

The likelihood that those policies will cause prices to rise and reignite inflation is pushing many consumers to pull forward big-ticket purchases and, in some cases, stockpile items like cosmetics, home goods, and nonperishable groceries. It鈥檚 also affecting their outlook on future spending.

Why it matters: Albertsons will account for 8.8% of US grocery sales and 2.7% of grocery ecommerce sales in 2024, according to our November 2023 forecast. That means the business has a massive audience when it comes to advertising. We expect to see more retail media networks partnering with ad tech companies to serve these large audiences this year. 2.

As the channel grows, retailers outside of grocery, like Ulta Beauty, are experimenting with how to use it to reach customers in more targeted, engaging ways. Ulta Beauty鈥檚 retail media network, UB Media, offers its partners on-site and off-site ad formats, including display, sponsored search, video, and social media. 鈥淲e have 600 brands that are active in our stores and 辞苍濒颈苍别,鈥� said Crossan-Matos.

He added that 鈥渜uick commerce will work in grocery and some adjacent categories,鈥� but Singh is skeptical of success in other categories that are led more by assisted browsing behavior. In China, the quick commerce industry has struggled with rising costs and price competition in recent years.

For example, a furniture brand may place ads with a grocery retailer, or an eyewear brand may serve ads with an apparel retailer. Complementary industries are industries and services that are completely separate from retail. A movie studio may offer ads on a footwear website, or an insurance company might serve ads to electronics consumers. Watch the full webinar.

Using online orders to get customers inside the store will promote impulse buying and help drive incremental sales. China鈥檚 influence will shake up online shopping. Temu, TikTok Shop, and Shein have captured a critical mass of consumer attention.

GLP-1s have had a considerable impact on people鈥檚 grocery bills. Households with at least one GLP-1 user slashed their grocery spending by approximately 6% within six months of starting the medication as they pulled back on calorie-dense processed foods, according to a recent study by Cornell University and Numerator. And it鈥檚 not just affecting processed food sales.

I think the point here is that it's foolhardy for grocery brands to rely on online advertising alone. There's been a big surge towards E-commerce, and we've seen a big surge towards retail media as a result, but most sales are still happening in brick and mortar stores.

搁别迟补颈濒别谤蝉鈥� digital platforms are the go-to channel for product research. Traditional search engines no longer guide the path to purchase. When researching a product to buy online, far more smartphone users in Latin America used retailers鈥� digital properties as of May 2023, according to our survey conducted by Livepanel.

The grocery delivery service sees the Big Game as an unmatched opportunity to boost brand recognition, notes CMO Laura Jones. After sitting out for three years, Taco Bell plans to make a Super Bowl splash with an interactive campaign that encourages customer participation.

Stock impulse products near the dedicated pickup area and make it easy for customers to pay for them at the same time they collect their online orders. Work with other retailers. By offering collection from other locations鈥攕uch as local grocery stores鈥攔etailers can increase convenience for their customers while also reducing queues in their own stores. Sources. Appinio. Barclays. Capgemini.