Your Daily QuickWit
Here are the top stories of the day in retail:
- Inflation causes 0.5% CPI rise in January
- Product of the Year USA announces 2023 winners
- Shoppable videos come to The Fresh Market
- Nestlé reports 8.4% increase in full-year sales
- PwC survey: 70% cut nonessential spending due to inflation
- And more!
AI in Retail
AI is revolutionizing retail. The global market for AI in retail is expected to reach $24 billion by 2028, rising by
CPI for all items rises 0.5% in January as shelter increases
In January, the Consumer Price Index for All Urban Consumers increased 0.5 percent, seasonally adjusted, and rose 6.4 percent over the
Fresh Market To Launch Shoppable Retail Media Network
The Fresh Market announced that it is expanding its relationship with Firework to launch what the companies are calling “the US’s
Product of the Year USA announces 2023 award winners
NEW YORK — Product of the Year USA has announced its winners for its 2023 Product of the Year Awards across
Firework and The Fresh Market expand partnership with shoppable videos
The new retail media platform, which lets brands sponsor video ads across the retailer’s ongoing livestream series, is a first for the industry, according
Nestlé reports full-year results for 2022
Total reported sales increased by 8.4% to CHF 94.4 billion. Net acquisitions had a positive impact of 1.1%. Foreign exchange decreased sales by 0.9%.
Nearly 70% of consumers to cut back on nonessential spending: report
Inflation is influencing consumers’ shopping habits, according to a survey by PwC. But, luxury buyers may be insulated from the trend. View
