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Some people have been making fun of that online, but I think all the press is good press for e.l.f. e.l.f. hasn't done anything all that major this month other than the Mean Girls movie though, which is why it's in spot eight. Arielle Feger:. Yeah.

Groceries were a major purchase among Walmart+ Week shoppers, with more than half buying groceries. However, shoppers who specifically signed up for Walmart+ to shop the sale were 2.3 times more likely to purchase travel services and 1.5 times more likely to purchase electronics compared with regular subscribers.

Retailers are adapting to the changing market by focusing on digital tactics that drive demand for in-store shopping to meet evolving customer needs and expectations. Here鈥檚 what you need to know.

I still use my SKU card at the grocery store. Suzy Davidkhanian:. Do you? Sara Lebow:. It is frictionless for me as a person who always has my keys on me. I think if it were any bigger it would be a little friction filled. It would probably be even more frictionless if it was on my phone. But yeah, I still use my SKU card at the grocery store. Suzy Davidkhanian:.

I expect them to maintain their advantages there, and that will only incentivize more online shopping, but it really depends on what area of retail you're talking about, like car dealerships, grocery stores aren't going to go away. GameStop probably isn't going to exist a whole lot longer. Carina Perkins:.

On today's podcast episode, we discuss what to expect in 2024, whether Google's new AI search tool will destroy traffic, a new self-checkout machine, loyalty in the age of the "zero consumer," if everyone will soon be creating digital clones of themselves, roads that can wirelessly charge electric vehicles, and more. Tune in to the discussion with our vice president of content Suzy Davidkhanian, analyst Blake Droesch, and vice president of Briefings Stephanie Taglianetti.

Grocery offers another potential use case. More supermarkets are relying on dynamic pricing to mark down goods nearing their expiration dates, allowing them to offer more discounts to shoppers while reducing food waste. For instance, Israeli startup Wasteless says grocers using its dynamic pricing technology cut waste by up to 40%.

This perceived lack of value is most apparent in the grocery aisle, where nearly two-thirds (61%) of consumers noticed shrinkflation on multiple products this year, per CivicScience.

Kroger鈥檚 sales sag as grocery prices stabilize: That new state of play could drive the grocer to look to high-margin retail media to drive growth.

鈥淢y pitch is that Walmart will open up a smaller-format store for grocery targeted at higher-income people,鈥� said Lebow. 鈥淭his is the Whole Foods of Walmart.鈥�. Verdict? 鈥淚 just don't think Walmart really gets the urban consumer in a way that would make it work," said Stambor. Walmart has struggled in urban markets, and last year closed half of its stores in Chicago. Listen to the full episode.

Meanwhile, Walmart鈥檚 low grocery prices have enabled it to grow market share over the past year鈥攚hile Amazon鈥檚 grocery business is in a state of uncertainty as the company prepares to lay off 18,000 workers and rein in spending. Amazon hasn鈥檛 opened a new Amazon Fresh grocery store since September 2022, despite having at least seven US locations fully built out, per The Information.

But in that case, there's probably going to be continued high scrutiny of the mergers, like the Kroger-Albertson's deal, which I think is pretty unlikely to actually happen if she takes office, and the Mars-Kellanova deal as well, because those deals likely would lead to higher grocery prices. Marcus Johnson (20:56):. Well, that's all we've got time for for today's episode.

Target is doubling down on essential items and groceries, but it's also looking to add some cooler new bells and whistles like Starbucks delivery to your car and curbside returns.

It鈥檚 based on a January 2023 online survey of 1,005 US consumers, 61% of whom were non-credit union members and 39% of whom were credit union members. Its behavioral science approach seeks to help FIs understand why consumers choose certain payment methods, and how to best guide their behavior. What are the field marks of a budgeter and a non-budgeter?

There鈥檚 just one catch: Credit cards are something of a rare beast鈥攚hat other payment method offers 6% back on groceries or a 60,000-travel-point introductory offer? They have that magic mix of interest income, interchange fees, and membership fees. The annual average return on asset for a credit card was about 4.41%, per the Federal Reserve.

So it's like a one trip wonder kind of activity versus Aldi only has that groceries. All they have is groceries. The one thing I think is very cool is that they've turned grocery shopping into a fun activity with this aisle of shame.

This year will be marked by a little bit of the old and a little bit of the new. While consumers give in-store shopping another go, augmented reality (AR) will help bridge the gap between the physical and digital worlds. Our analysts have already covered the biggest trends of 2023, but here are four more predictions for what's to come next year.

Grocery is one of the places where Walmart is still in better shape than Amazon in a lot of ways. So I think that this would be a good bet for Amazon.

We expected this trend to play out as other digital formats like connected TV (CTV) and retail media grew more rapidly than social, but it鈥檚 happening sooner and faster than we previously envisioned. In our current forecast, the social share of digital will come out to 25.5% in 2024 after peaking at 28.6% in 2020. These downgrades were driven by the struggles most major platforms faced this year.

At the same time, more shoppers are using the service to purchase essentials like groceries, whose share of BNPL spending has risen by 37.5% this year. Overall, BNPL users spent $46.7 billion so far in 2023, a 14.7% increase YoY.

On today's podcast episode, we discuss why the internet might be getting worse, what a new device designed for generative AI (genAI) might look like, whether we're sure about self-checkout, why a new online safety bill matters, what consumers expect from brands on social issues, where the ultra-rich spend their holidays, and more. Tune in to the discussion with our forecasting writer Ethan Cramer-Flood and analysts Bill Fisher and Carina Perkins.

Digital wallets are also quickly becoming commerce enablement platforms through features like digital smart receipts and payment method optimization. These services can boost both user loyalty and purchase conversion. This article originally appeared in Insider Intelligence's Payments Innovation Briefing鈥攁 daily recap of top stories reshaping the payments industry.

They realize what's driving people in store, but they also understand how to use online and what type of customer that drives. They've been able to use a lot of data and they have a new partnership. This was the newest news, the Revs.

And I think that's being deployed at a lot of grocery stores and big box retailers, but you could see that being helpful for in-store shopping across general merchandise categories as well. Particularly, if you're someone who thinks shopping in store can get a little bit overwhelming. And you're seeking or craving some of the merchandising tools or curation that's available online. Marcus Johnson:.

Particularly online and particularly online in 2020 and 2021. Sara Lebow:. Let's talk about this by category. We forecast that total retail sales growth by product category will be quite high for food and beverage, apparel and accessories, and health and personal care. All of those are around 7% growth for this year. Whereas computer and consumer electronics are much lower at 2.5%.