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Mercado Libre is beating Amazon at its own game in Latin America: The former is expected to represent more than half of all retail media ad spending in the region, while the latter continues to lose share to local players in Brazil and Mexico.

The ecommerce boom in Canada means many product categories now sell a significant percentage online. This includes grocery, which we forecast for the first time this year.

Streaming music, podcasts, and radio apps have changed the complexion of audio listenership in Canada. Over the past decade, digital audio has grown to a level that now rivals the traditionally strong radio listener base.

Canada Goose. Canada Goose opened three new brick-and-mortars this month, adding to its plans to double its physical footprint by 2028. Many luxury brands are honing in on their D2C strategy with mixed results, Canaves said, but Canada Goose has seen signs of success, reporting a 22% increase in revenue for Q4 ending March 2024. 鈥淐补苍补诲补 Goose also announced a new creative director,鈥� Canaves said.

In terms of list, let's put Canada Goose at eight and Wayfair at seven. So we've got number eight, Canada Goose number seven, Wayfair number six, Amazon number five, Warby Parker, number four, Kroger. Number three, Gatorade. Number two, best Buy. And number one, the uncontested Walmart. Okay. Thank you all for being on another retailer ranking podcast. Thank you, Zach. Zak Stambor (25:05):.

Mexico, Indonesia, and Canada will be among the fastest growing and most eager adopters. Canada will be the lone advanced economy to crack the top 10 list for digital sales growth. Canada will also be the only advanced economy to make the top list for fastest growth in overall retail sales. For more on Canada鈥檚 standout year, see our report, 鈥淐补苍补诲补 Ecommerce Forecast 2023.鈥�.

Amazon Prime Day 2023 will drive a surge of activity for Amazon, competing retailers, and brands looking to generate a sales boost before the back-to-school and holiday shopping seasons.

Heavy media consumption in Canada across digital and traditional channels has led to a range of effective ad formats for brands.

FreedomPay will become Toast鈥檚 preferred payments gateway partner for some large restaurant brands in the US and Canada, according to a press release. A separate tie-in with Marriott International will make Toast鈥檚 technology available to food outlets within Marriott鈥檚 Select service hotels in the US and Canada, per another release. Why it matters:.

Likewise, Prada Group CEO Andrea Guerra noted that China is again 鈥渁n engine of growth,鈥� a sentiment echoed by Brunello Cucinelli and Canada Goose. Luxury brands are also getting a boost from Chinese tourists; Guiony said 鈥渙ffshore鈥� sales from Chinese consumers in places like Hong Kong and Macau are growing faster than those from the mainland.

Keeping tabs on shifting consumer habits is paramount for brands in Canada. In 2023, we expect more changes in how media is consumed and what advertisers can do to tap into these new channels.

Becoming Amazon鈥檚 strategic payments partner in the US, Canada, and Europe can help Stripe bolster its processing business.

CTV is providing continued growth in digital video viewership, further splitting audiences with TV. The ad market in Canada is responding by developing new ways to holistically target the total audience for long-form entertainment.

Can a new service help Shopify attract more enterprise retailers? Commerce Components by Shopify allows large retailers to integrate Shopify鈥檚 tools and services into their online platforms.

However, the company faces a clear challenge from Amazon, which recently expanded the reach of its Buy with Prime service, which allows retailers to leverage Amazon鈥檚 fulfillment and payments services.

Canada鈥檚 click-and-collect buyer growth tops our rankings among the countries we forecast. It鈥檚 a key option for consumers in Canada who prefer speedier order fulfillment and want to avoid home-delivery costs.

GenAI is on the agenda for most retailers in 2024: Walmart, Target, Canadian Tire, and others are turning to the tech to boost customer and employee satisfaction.

China鈥檚 COVID strategy continues to hurt retail sales: Est茅e Lauder and Canada Goose are among the high-end brands pointing to China鈥檚 policy as a reason they鈥檙e lowering their outlooks.