Black Friday is in full swing—celebrate with Jay-Z’s The Black Album today. It only makes sense, right?
News is slow, but there are some great visualizations. Particularly striking is Shopify’s Live Data Map. As of the time of this writing, 8M unique shoppers and $1.7M sales per minute. Yes, per minute.
AutoZone launches Retail Media Network.
Yes, AutoZone. Powered by Quotient, their RMN will be your standard RMN: targeted, personalized messaging using first-party and loyalty data. We said awhile back that the Cookie disappearing would lead to a more fragmented digital advertising market, and that’s exactly what’s happening here.
Dick’s Sporting Goods posts strong Q3 results.
Results exceeded expectations and they’ve raised their full year forecast again (now the third time). Net sales increased +13.9% ($2.75B), same store sales increased +12.2%, net income was $316.5M, and adjusted earnings per share was $3.19 (vs analyst estimates of $2.06). Ecomm now accounts for 19% of total revenue (vs 13% in 2019). They have a lot of momentum, with a string of strong earnings results, new and refreshed store formats opening, and the recently announced Nike partnership.
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