Yesterday’s top retail news and most read stories.
- As predicted, Q-Commerce starts to stumble
- DG’s and Dollar Tree posts strong earnings
- Doordash grows share
- CVS Health Launches Virtual Primary Care
- The 5 P’s of Foodservice
- TikTok increasing shopping options
- Amazon Style
- and more!
22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way
Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop.
And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior.
Bobsled Marketing
May 26, 2022
Rapid grocery delivery boom comes to a grinding halt as Getir, Gorillas slash jobs
Fears of an impending recession are forcing rapid grocery delivery companies to slam the brakes on growth.
This week, two of the largest instant grocery apps, Getir and Gorillas, announced decisions to lay off hundreds of employees. Another firm, Zapp, said it is proposing redundancies in its U.K. team.
CNBC
May 26, 2022
