It's unclear when exactly the U.S. presidential election will be decided, and some brands and agencies have decided to cut down on advertising on and for a few days after Election Day.

Analysis

Former Nike employees are ‘elated’ over new CEO Elliott Hill

September 20, 2024

A half-dozen former employees described Elliott Hill, Nike's soon-to-be CEO, as a widely-beloved company veteran. They hope Hill can help the sneaker giant get some of its swagger back.

‘Buyers are going to leave’: Poshmark sellers are irate about the new fee structure

October 07, 2024

Poshmark is cutting fees for sellers but increasing them for buyers. Five sellers told Modern Retail they think the policy is a mistake. They worry that buyers will abandon their carts due to the extra costs and that their own sales will suffer.

Other news to know

  • Amazon beat earnings expectations for its third quarter. Its net income for the period totaled $15.3 billion, up from $9.9 billion a year ago.
  • Peloton is appointing Peter Stern, the founder of Apple Fitness+, its next CEO and president. He will take over the role on January 1.
  • Ford is halting production of its electric F-150 Lightning truck from mid-November to the end of the year due to low demand.
19%
Increase in AWS sales year over year
Top Stories Nov 02

How high-consideration brands like Terra Kaffe are navigating a value-driven holiday season

November 01, 2024

Companies like Terra Kaffe target holiday shoppers well in advance of Black Friday using social ads, knowing high-ticket purchases require a long tail of consideration.

Marketplace Briefing: Advertisers are not won over by Amazon’s AI-powered ad tools

October 31, 2024

Amazon has been pitching brands on its latest AI tools for advertising. But advertisers are mixed on whether the e-commerce giant’s AI features are smart enough yet to power their campaigns. 

Walmart’s relocation mandate could further fuel an economic boom in Bentonville

October 31, 2024

There are reportedly thousands of Walmart workers who have had to move to Bentonville this year due to new policies around remote work and closures at its other offices.

How RTD cocktail brand Tip Top shifted its strategy to find the right type of variety pack to sell in retail

October 31, 2024

Tip Top Proper Cocktails learned the hard way that more expensive variety packs don't necessarily translate to more sales.

Limited Series
The modern brand's guide to doing more with less

It’s a strange time to be operating a consumer brand. Shoppers are more selective about what they spend and brands are struggling with how to interpret signs of conflicting consumer behavior. While many brands were recentlyswimming in cash, VC funding has now dried up and high interest rates make vehicles like debt less palatable. In this series, Modern Retail looks at the scrappy ways companies are continuing to build their brands and wow shoppers in this strange new operating environment

Podcasts

Technology

Big brands are wary of TikTok Shop’s livestreaming bet

November 01, 2024

TikTok has been encouraging sellers to embrace livestreaming on its platform to drive holiday sales. But for big brands, there are too many risks involved.

Exclusive: Affirm revamps its app to spur holiday spending

October 30, 2024

When people log into Affirm’s app, the first thing they’ll see on the home page is their “purchasing power,” an estimate of how much they can spend based on factors like their credit, income and where they shop.

How brands and retailers are optimizing their loyalty efforts

November 01, 2024

Loyalty is evolving. As consumers navigate economic challenges, they’re looking for both value and a personal touch. With this in mind, brands and retailers are revisiting their loyalty initiatives with the understanding that discounts alone aren’t enough for customer retention. The top loyalty programs prioritize understanding customer preferences, motivations and life cycles to deliver relevant, […]

Marketing

Women livestreaming herself holding a handbag, popping out of a phone screen surrounded by sunglasses, sunscreen, lipstick, and other beauty products. Illustration is on a navy blue background.

More CPG startups are working with retail store influencers

October 30, 2024

Grocery startups are under pressure to drive velocity at their retail partners. In turn, many of them are betting on partnerships with Costco or Target influencers to drive sales.

DTC Briefing: How E.l.f Cosmetics uses collaborations with brands like Stanley and Liquid Death to generate DTC buzz

October 29, 2024

E.l.f’s collaborations with brands like Liquid Death and Stanley are a key part of a marketing engine that has fueled 22 consecutive quarters of growth for the beauty brand.

Red balloons spelling out the word "sale" on a blue background with white clouds

Why Amazon’s Prime Day may not be the holiday shopping bellwether it usually is this year

October 29, 2024

Since its debut almost a decade ago, Prime Day has become a bellwether for the retail industry ahead of the holiday season. Yet, despite strong Prime Day numbers, many factors indicate that consumers may not have the same appetite for spending as the holidays approach. 

Operations

With a new store, Swedish sneaker brand Axel Arigato targets U.S. growth

October 30, 2024

It took 10 years, but Axel Arigato, a Swedish sneaker and streetwear brand, finally has its first store in the United States. The brand spoke with Modern Retail about its growth ambitions in the North American market.

physical retail

How suburban sprawl and changes in discount retail have changed the outlet mall

October 29, 2024

Outlet malls are moving closer to population centers as outlying communities have grown and department stores’ off-price strategies have shifted. Executives at major outlet operators share why that is and how the strategies behind these unique properties have changed.

A graphic image of a robot with multiple arms carrying shopping bags. Representing using AI and data for e-commerce sales.

How brands and agencies leverage AI-powered data to drive sales

October 11, 2024

Bryan Gernert, CEO, Resonate With billions of consumer data points, many marketers find themselves drowning in a sea of information, struggling to extract meaningful insights. In addition to being simply overwhelming, traditional data management tools often fall short, with limitations in quality, accessibility and real-time capabilities.  This is where AI-powered solutions come into play. This […]