The bearish perspective: Meanwhile, retailers and brands ranging from Under Armour to Best Buy to Stanley Black & Decker have offered pessimistic outlooks due to declining consumer demand. Fifty-nine percent of retailers that are small businesses are at risk of closing their doors by this fall, per an Alignable survey.

The change came about suddenly, which left a number of retailers with excess inventory in Q1, including mass merchants Walmart and Target, big-box electronics seller Best Buy, furniture chain Kirkland’s, apparel retailers The Gap and Urban Outfitters, and discount merchants Big Lots and Burlington.

Consumers’ shifting behaviors softened demand for businesses that sold discretionary purchases like electronics (Best Buy). Shoppers’ desire to return to stores for high-touch luxury shopping experiences hurt online luxury retailers (YOOX Net-a-Porter and Watchfinder.com).

Best Buy cut its forecast for the rest of the year due to weakening demand for consumer electronics.

Health and personal care will drive growth but won’t be enough to improve Amazon’s share of the overall US ecommerce market.

Best Buy dealt with soft demand all year after consumers stocked up on electronics during lockdowns and inflation dampened demand for big-ticket items. Target grappled with elevated inventory levels all year as shoppers devoted more of their budgets to necessities like groceries and experiences like travel, and less to the discretionary categories that the retailer generates most of its revenues from.

Best Buy recently doubled down on its long-term RPM bet. The retailer is piloting a partnership between its Geek Squad and Geisinger Health to assist with the setup of patients’ RPM devices at home and educate them on the technology, per Modern Healthcare. Predictions.

Best Buy and Walgreens are using the RangeMe platform to discover a more diverse range of suppliers, with Best Buy having committed to spend at least $1.2 billion with BIPOC (Black, Indigenous, and people of color) businesses by 2025. Abercrombie & Fitch has launched its "For Justice" collection, designed by its own workforce.

Retailers like Best Buy and Wayfair are playing from behind this year, with demand for consumer electronics and home furnishings still looking to turn the corner. Consumer electronics sales should begin to improve with an expected strong season for iPhone 15 demand, but there aren’t a lot of other new products in high demand to drive outsize gains.

The retail holiday is a big deal for competitors, too, with Walmart, Target, and Best Buy all hosting rival events. But Amazon will capture almost 60% of US ecommerce sales that take place during Prime Day this week. Use this chart:. Determine how many of your customers shop with Prime. Prepare for future retail holidays, including other Amazon events. More like this:.

Walmart, Best Buy, Sephora, The Kroger Co., and Albertsons Companies have launched new paid memberships since 2020. Most of these memberships assume the Amazon Prime model, putting free shipping and delivery front and center. They often also offer access to exclusive products, services, and rewards programs. Despite these new offerings, the overall rate of revenue growth is decreasing.

Digitized cooler doors and TV walls in retailers like Best Buy and Walmart offer perhaps the most impactful examples of these surfaces. Read the full report. This was originally featured in the eMarketer Daily newsletter. For more marketing insights, statistics, and trends, subscribe here.

How Amazon Prime Day and other July sales events will drive in-store sales, from Target, Walmart, and Best Buy. Amazon, with more Prime users than ever, will top $8 billion in US Prime Day sales. What Amazon Prime Day’s growth means for retail media.

For example, Walmart+ memberships come with exclusive fuel discounts, and Best Buy TotalTech includes human tech support. Walmart took this strategy to the next level this year, hosting Walmart+ Weekend June 2–5 to bigfoot Amazon Prime Day.

Most advertisers would be best served by RMN buys that balance O&O and audience extension inventory. O&O inventory, though less viewable, is integrated into the shopping environment, while audience extension inventory provides higher viewability and a wider reach. Striking a happy medium between sales and brand awareness is necessary.

The bulk of these partnerships are in the grocery and convenience categories, but the delivery platforms also work with retailers like Bed Bath & Beyond, Best Buy, Lowe’s, PetSmart, and Sephora. Delivery companies’ share of total US digital grocery sales is approaching 30%, according to our forecast.

The bulk of these partnerships are in the grocery and convenience categories, but the delivery platforms also work with retailers like Bed Bath & Beyond, Best Buy, Lowe’s, PetSmart, and Sephora. Delivery companies’ share of total US digital grocery sales is approaching 30%, according to our forecast.

The 2022 holiday season’s solid retail sales gains were mostly attributable to inflation, but they nevertheless paint a cautiously optimistic picture for the 2023 holiday season.

Roku is one of the biggest players in retail media CTV advertising, partnering with The Kroger Co., Instacart, and Best Buy. The Kroger Co. also announced a partnership with The Walt Disney Co. in April. Walmart is working with NBCUniversal in a retail media partnership.

Article: Kroger, Sam’s Club, and Best Buy expand their retail media networks. Read yesterday’s Chart of the Day here. Methodology: Data is from the August 2022 "The Insider Intelligence Ecommerce Survey" conducted by Bizrate Insights. 1,034 US adults ages 18-65 were surveyed online during August 2-23, 2022.

So I would say Best Buy, and to parallel what Zak was saying before, Best Buy believes that it doesn't believe in itself, at least from holiday perspective, but generally for the whole year.

Even Best Buy is more of a strip mall style retailer than a Nordstrom. Sara Lebow:. Yeah, I was just going to bring up Best Buy, which succeeded in Canada by acquiring an existing company, right? Paul Briggs:. Yeah.

But D2C healthcare and pharma brands may find some success partnering with Best Buy, CVS Health, Kroger, or Walmart to break through the noise in other channels. This article originally appeared in Insider Intelligence's Digital Health Briefing—a daily recap of top stories reshaping the healthcare industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client?

And everyone is getting in on it, from Kroger and Best Buy to Walmart and Sam’s Club. Trust us, this is just the tip of the iceberg. Making it easy: Grocery retailers and CPGs remain hyper-focused on convenience.

Place impulse-buy items around pickup locations. A large percentage of consumers reported making unplanned purchases of clothing (35%), groceries/food (30%), and household items (29%), according to an April 2022 survey from Slickdeals. Retailers should make sure the right impulse-purchase items are stocked around pickup counters. The pickup location should also be a point-of-sale.