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Three-quarters of consumers are still concerned about rising prices, according to Deloitte’s 2024 US Retail Industry Outlook cited by Chain Store Age. Because of this, half of retail executives expect consumers to value price over loyalty in 2024.

And if we have numbers like this for France and Germany, and some of them are a little lower, particularly healthcare and pharma, is a little lower in some of the European countries. But CPG is a huge advertiser everywhere. So if you try to take away the junk food, those junk food ads, that's going to have a effect hitting lots and lots of interested parties. Bill Fisher (21:47):.

Report: Retail Trends to Watch for 2023. Article: To keep customers coming back, brands need to rethink their loyalty strategies. Article: The key to the battle between privacy and personalization? It’s in the hands of the shopper.

Generative AI Chatbots in Retail (Ä¢¹½AV subscription required). Methodology: Data is from the May 2024 Reuters Institute for the Study of Journalism at the University of Oxford report titled "AI and the Future of News: What Does the Public in Six Countries Think of Generative AI in News?"

The dominance of Amazon and the growth of budget ecommerce sites like Temu have left Etsy under pressure to stand out, and the online marketplace leaned into creative storytelling this year. For example, its debut Super Bowl ad showed America struggling to find an adequate gift for France after receiving the Statue of Liberty.

Digital will help keep total media ad spending buoyant this year, just. A rebound is expected for 2024, with video advertising growing faster than any other format. Proportionally, though, video spend will remain relatively small in France and Germany.

So Walmart Inc in the US accounts for 8.2% of retail e-commerce sales and Amazon has a 40.9% share. So it is still really very dominant when it comes to e-commerce, and I think that's going to be in its advantage when it comes to staying ahead of Walmart+. Also, from a global perspective, Amazon has a huge lead, particularly in Europe, where Walmart doesn't operate at all.

France 24. Haaretz. Institute for Advanced Studies (IHS). International Olympic Committee (IOC). Ipsos. Malmö stad. Municipality of Tel Aviv-Yafo. NatWest. Nielsen. Stockholms stad. The Telegraph. TikTok. Union of European Football Associations (UEFA). Wien Holding. Wonderful Copenhagen. YouGov.

The UK is one of the world’s most advanced ecommerce markets—and it was chosen as the first location outside of Asia-Pacific for TikTok Shop. But it’s still playing catch-up with social commerce. There will be 16.7 million social buyers in the UK in 2023. That’s 29.4% of the population—putting the UK ahead of the rest of Europe when it comes to social buying.

On today's episode, we discuss whether the summer travel boom will last, how the economic climate is influencing how people think about vacations, and the changes in how people choose where they go on vacation. "In Other News," we discuss whether folks want gamified shopping experiences and how brands should—and shouldn't—text you. Tune in to the discussion with our analyst Zach Goldner and director of forecasting Oscar Orozco.

In contrast, average spend on ecommerce per digital buyer has grown 47.3% over the same period. To view the full forecast, click here. Click and collect is particularly appealing to millennials. UK millennials and older Gen Zers are the most likely to say they prefer shopping via click and collect.

Every year, as adland descends on the south of France for Cannes Lions International Festival of Creativity, there are a few topics that dominate the conversation. This year’s two hottest topics—creators and AI—didn’t deviate much from 2023, but the way each showed up on the Croisette and at the Palais did.

Technology editor at France 24, Peter O'Brien, explains more. Peter O'Brien:. There's also the legal battles between AI firms and content creators which are ramping up, the most famous of which probably Getty Images against Stability AI. They're suing Stability for scraping Getty's images from the internet to train its image generator, Stable Diffusion. And [inaudible 00:06:16]... Bill Fisher:.

Now that conversation has moved over to retail media and the number of retail media networks that are out there in the market and the fragmentation. I think that conversation continues, but it moves from one place to another. Marcus Johnson:. Okay, interesting. All right, We've got AI, we've not got the Metaverse, we've got some retail media networks.

It's around figuring out what the customer has shared, "What are they showing in data around, like in an e-commerce example, what are they browsing from?," "What does their purchase history say?," and then think around, "How do you continue to evolve that relationship so it's useful to them?," kind of exactly what Jeremy was saying. So I think some of the examples I've done well is where ...

Performance marketing in the forms of search and retail media did a little less badly. That was a predictable outcome given the generally difficult economic conditions around the world. Apple’s new privacy rules have also been notoriously detrimental to social media display advertising, but less relevant to search.

We saw them do this with shopping. They took away the shopping tab, we saw the same thing happen with affiliate. They thought that that was an avenue they were going to explore. They beta tested affiliate, didn't turn out the way they wanted and took those features away. So I feel like this is something that we've kind of seen Meta do time and time again as they try to expand their efforts.

Retail? Marcus Johnson:. Retail, no. Ethan Cramer-Flood:. Service is too broad. Retail would've been my next guess. [inaudible 00:41:03]. Marcus Johnson:. Yeah, I would've guessed both of those, actually. So office and admin. Max Willens:. Okay. Marcus Johnson:.