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Households with GLP-1 users slash their spending on groceries: Food companies need to adapt to the shifting buying patterns of consumers on GLP-1s to stay competitive.

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.

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.

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.

The big takeaway: Just as a grocery wouldn鈥檛 reward a supplier who keeps supplying expired products, so too Google is taking steps to disincentivize website owners that supply the search giant with bad inventory, which could likely discourage a consumer from clicking through on Google Ads as often.

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.

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.

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.

So for Instacart, when I get the wrong item, they're like, "Ah, don't worry about it, just keep it," because they can tell that I've bought an obscene amount of groceries with them over the last four years. Sarah Marzano (18:47):.

Though consumers are shopping less frequently, order sizes are growing, and some are moving away from delivery and to click and collect, which still offers the convenience of shopping online without extra fees. 鈥淎 lot of it has to do with income,鈥� Louie-Lam said.

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.

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.

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.

Walmart+鈥攚hich we forecast 16 million US households belong to鈥攈as gained traction by offering free delivery on low-cost groceries, along with other benefits such as discounts on gas and auto repair, and access to Paramount+. The big takeaway: There鈥檚 a reason that Amazon and Walmart keep running the same play: It works.

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.

They鈥檒l double down on rewards in essential categories (like groceries and gas) or recurring sectors (like utilities and bill pay). They may also personalize rewards for specific types of spending or partner on co-brands in promising sectors. Mobile Wallets Will Double Down on New Features. Increased time spent with smartphones is trickling into financial services.

B2B ecommerce is particularly enticing to Walmart given that it offers high margins that could help offset its growing low-margin grocery business. The big takeaway: There鈥檚 plenty of opportunity for Walmart to find a niche within the B2B ecommerce market. While B2B customers have different needs from B2C, Walmart is well-versed in delivering value and service.

And globally, most retailers (53%) are seeing increasing rates of sign-ups for loyalty programs, per Dunnhumby鈥檚 August 2023 grocery study. Loyalty program memberships strengthen brand affinity.

Digital buyers are diversifying their purchases across a wider range of product categories on the platform鈥攃hiefly consumer packaged goods (CPG) and groceries, per Mercado Libre鈥檚 Q1 2022 earnings call. We forecast its regional ecommerce business to grow by 23.0% to just under $35 billion in 2022.

The question is which grocery delivery company with a growing retail media network business recently had a much anticipated IPO? Which grocery delivery company recently had a much anticipated IPO? Evelyn says Instacart, Stephanie Instacart, and hopefully Suzy says Instacart. It's true, Instacart is the correct answer. They just IPO-ed. A point each for all of you.

This helps deliver the frictionless experience consumers want: It鈥檚 their top priority worldwide when it comes to innovations online and in physical stores, per a Q2 2023 Klarna survey. And with the help of genAI, Shopping Muse can suggest payment options based on consumer preferences or historical choices, maximizing earned rewards.

Douyin, TikTok's Chinese sibling, is about to become China鈥檚 largest social platform. It's also crashing the country鈥檚 ecommerce party. Already the fourth largest online shopping platform by sales, its market share is rapidly approaching JD.com's.

Reach more than 100 million shoppers with Ibotta鈥檚 network of retailers, publishers, and owned digital properties. The Ibotta Performance Network delivers unprecedented scale with performance marketing efficiency. Introducing the era of Rewards as a Service - promotions will never be the same. Click here to learn more. Episode Transcript:. Sara Lebow:. Hello, listeners. Today is Wednesday, March 15th.

More brands will have the opportunity to create their own dedicated online storefronts to differentiate themselves from the competition and highlight specific products. Walmart鈥檚 growth opportunity: Walmart considers its marketplace to be a cornerstone of its strategy to grow sales and profits, especially as its expanding grocery business weighs on margins. So far, it鈥檚 seeing results.