Target blames decline in discretionary spending, pride backlash for lower sales
On Wednesday, Target posted its first quarterly sales decline in six years. Target’s fiscal second-quarter net income was $835 million,...
Consumer Panel Research
Target Cuts Full-Year Sales and Profit Forecast
Target released its second-quarter financial results, revealing the company experiencing more robust earnings but weaker sales, causing the retailer to...
Lyft turns to in-app advertising for revenue boost
The news: Lyft is diversifying its revenue streams by introducing in-app advertising. According to The Wall Street Journal, these ads will be...
Lyft to Expand Its Ad Business as New CEO Eyes a Turnaround
The ride-hailing company and its larger rival, Uber, are racing to build significant ad operations Lyft has introduced new advertising products...
Temu fights Amazon, Shein over inflation-weary U.S. shoppers
SHANGHAI/PALO ALTO, U.S. — Chinese online marketplace Temu is gaining ground fast in the U.S. with its eye-catching bargains, taking...
China-Founded Rivals Shein and Temu Ramp Up War for American Shoppers
Shein and Temu, two of the fastest-growing shopping platforms in the U.S., have taken the gloves off in a globe-spanning...
‘Amazon and eBay lose UK shoppers to Shein and Temu’
Amazon and eBay are facing a declining number of mobile app users in the United Kingdom. According to market research...
Amazon reports biggest Prime Day to date with sales reaching £1.2bn
Amazon has reported its biggest Prime Day to date with online spending surpassing £1.2 billion across the two days. According...
Temu and Shein on fire as Amazon stumbles: RTIH presents the retail technology week in numbers
GWS research, involving 5,200 Brits, reveals that, since the start of the year, Amazon has lost over one million daily...
How Amazon is Losing to Shein and Temu
Shein and Temu’s rapid adoption by U.S. consumers appears to be chipping away at Amazon’s massive market dominance. Even as...