The company reported net income of $201 million for Q4, a substantial increase from the previous year's $17.5 million. This growth comes despite a net loss of $36 million for the full year. Revenues hit $981 million in Q4, a 12% year-over-year increase, with full-year revenues growing by 9% to $3.06 billion. Global monthly active users (MAUs) rose to 498 million, setting a record for the platform.
Article
| Feb 9, 2024
Low-income respondents were less than half as likely to own a game console than those with high incomes. Country Highlights. China. Time spent with broadcast TV is lowest in China among the 47 countries tracked by GWI. At 1:25 daily (only Taiwan tied in this metric), it was 25 minutes less than the average worldwide. Streaming video-on-demand (VOD) exceeds live TV penetration.
Report
| Oct 30, 2023
“What we see is low-income consumers shopping more at places like dollar stores and higher-income consumers shopping at more club stores,” said CEO Carlos Abrams-Rivera in a Q4 2023 earnings call. “But mostly, we are seeing them looking for smaller trips to stretch their dollar further.”. Kraft Heinz is expanding its assortment in club and dollar stores to attract value-seeking consumers:.
Article
| Mar 26, 2024
Forgiven student loans will appear as adjusted payments as part of income-driven repayment (IDR) plans or public service loans forgiveness (PSLF) credit.
Article
| Jan 24, 2024
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| Aug 18, 2023
Source: China Chain Store and Franchise Association (CCFA)
Data was weighted to be representative of the US population for age, gender, and income. DISQO is an insights platform that gathers behavioral data and opinions from consumers.
Article
| Feb 28, 2024
Music/audio is dominated by the 16- to 34-year-old demographic with rates mostly similar across gender and income. Chart Overview by Country. Czech Republic. Poland. Romania. Russia. Turkey.
Report
| Oct 30, 2023
TJX’s selection of quality brands (including a growing assortment of prestige beauty) and its treasure-hunt experience are drawing in shoppers across demographics and income levels and growing the retailer’s market share. Store visits to T.J. Maxx rose steadily throughout the year, building on strong growth in 2022.
Article
| Feb 28, 2024
Younger consumers and higher-income shoppers are powering Walmart’s grocery growth while its physical footprint gives it an edge in retail media. Its burgeoning logistics business could be the next big thing for the retailer—and its bottom line.
Article
| Jun 15, 2023
Targeting products and services across the income spectrum could draw more higher-income users. Though traditionally geared toward consumers with lower incomes, BNPL also meets the needs of those on the other end of the spectrum. Providers can capture this broader opportunity by meeting a wider range of purchasing needs and expectations.
Report
| Aug 8, 2023
“My pitch is that Walmart will open up a smaller-format store for grocery targeted at higher-income people,” said Lebow. “This is the Whole Foods of Walmart.”. Verdict? “I just don't think Walmart really gets the urban consumer in a way that would make it work," said Stambor. Walmart has struggled in urban markets, and last year closed half of its stores in Chicago. Listen to the full episode.
Article
| Mar 21, 2024
Grocers seek to make inroads with lower-income consumers: Walmart, Albertsons, and BJ's Wholesale Club are among the retailers eyeing the sizable customer segment.
Article
| Sep 16, 2022
Lower internet costs, faster speed could propel broadband adoption: The White House, members of Congress, and 20 ISPs are on board to connect low-income households, but ongoing fiber shortages could delay efforts.
Article
| May 10, 2022
Inflation gives Walmart a chance to shine: The retailer’s emphasis on value and low prices is attracting both low- and high-income shoppers and enabling it to retain grocery dominance.
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| Aug 17, 2022
Article
| Dec 2, 2021
But retailers like Burlington may find it challenging to retain higher-income shoppers as confidence in their financial situations improves—although department stores’ shrinking footprint could be the tailwind those companies need to continue their momentum.
Article
| Mar 7, 2024
In the evolution of digital advertising, demographic segmentation dominated ad strategies in the 1950s, offering broad categorization based on age, gender, and income. With the advent of the World Wide Web, cookies became a cornerstone of advertising. Online activity allowed for a more precise understanding of audiences.
Article
| Apr 9, 2024
On today's episode, we discuss how recent YouTube TV price hikes will affect subscriptions, whether streaming TV actually costs less than cable, and if a sports streaming hub is a viable product. "In Other News," we talk about what Roblox's new ad rules will do to the metaverse and why Walmart+, Walmart's membership program, is resonating with high-income shoppers. Tune in to the discussion with our analyst Daniel Konstantinovic.
Audio
| Mar 31, 2023
The ubiquity of smartphones is evident in penetration rates consistently around the 95% mark across age groups, income levels, and urban and rural residents. Despite these gains, the move to mobile media is slower in Canada compared with similar digitally inclined markets. Time spent with mobile in Canada is 33 minutes less than in the US (3:37).
Report
| Oct 30, 2023
It’s not easy to explain in a three-minute video that write-offs lower your taxable income rather than reimbursing the full price. People who rely on their appearance for work can write off appearance-related expenses. That’s not the case, because haircuts, makeup, and cosmetic surgery boost your personal life as well as your business.
Article
| Mar 18, 2024
In eight of the past 10 quarterly surveys, shoppers ages 35 to 54 have been the demographic most likely to buy clothing online—likely thanks to a combination of greater disposable income and the fact that many are also buying for children and spouses. Differences in category purchases by generation are driven by different life stages.
Article
| Feb 5, 2024
In terms of gender and income level, ownership is pretty evenly spread, which should make it easier for marketers to target consumers across the board. This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Feb 16, 2024
Higher-income consumers feel the pinch of soaring inflation: US retail sales growth slowed to 2.9% year-over-year in March as spending on big-ticket items slowed.
Article
| Apr 14, 2023
Younger consumers in the UK continue to drive the digital conversation, but older age groups did some catching up during the pandemic. And these older consumers are attractive to marketers and brands by dint of their disposable income.
Report
| Feb 24, 2022
Nearly half of US millennials are members of a travel loyalty or rewards program, the highest among all generations, according to a Morning Consult survey. The higher their income, the more likely US adults are to belong to such a program—more than three-quarters of those earning $100,000 or more hold a membership.
Article
| Apr 4, 2023