More than 30% of the card’s pay now volume and more than 20% of the card’s pay later volume were in categories that Affirm did not historically address—like grocery, restaurants, and auto parts and services. Grocery stores and restaurants are predominantly in-store purchases—areas BNPL has struggled to tap into. Looking forward: Affirm forecasted strong but slower growth next quarter.
Article
| Feb 12, 2024
Grocery is the last holdout, but there’s still a strong online conversion rate in these categories. Stores lead in conversion for shoppers buying new brands and products across food and beverage, household supplies, and health and personal care.
Report
| Nov 6, 2023
Walmart and Instacart are outperforming Amazon in digital grocery, which could prevent the company from market share gains in food and beverage and health/personal care/beauty. So far, Amazon has held off competition from Temu and Shein, but the upstarts could stunt future growth in categories like apparel, footwear, and accessories. Read the full report, US Amazon Ecommerce Forecast 2024.
Article
| Apr 5, 2024
This inaugural benchmark evaluates 10 leading digital grocery services, ranked based on consumers’ demand for 30 different features.
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| Mar 31, 2022
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| Mar 24, 2022
Challenging macroeconomic conditions have ushered in an era of more modest spending growth in China. But the outlook remains positive in spaces that are capturing consumer interest and demand—like live commerce and digital groceries.
Report
| Jul 29, 2022
The grocery space, which in most markets has led the retail media revolution, is notoriously nondigital in Germany—ecommerce will account for just 2.7% of total grocery sales in Germany in 2024—with notable brands like Aldi and Lidl operating largely outside digital.
Report
| Feb 13, 2024
Grocery is gaining share of online sales in France and Germany. Grocery defied the wider slump in ecommerce in France and Germany last year, with online sales growing by around 1% in both countries. This year, growth is set to accelerate in both countries, driven by double-digit price inflation. Grocery is outperforming other online categories in France and Germany.
Report
| Aug 9, 2023
Clothing, groceries, and beauty products are popular digital purchases. How seamless payments, social commerce, and loyalty apps are driving mcommerce growth. A previous version of this story noted unique visitors. The chart shows visitors.
Article
| Feb 20, 2024
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| Aug 17, 2023
Source: Progressive Grocer; RIS News
Walmart’s low prices and massive footprint give it an advantage in grocery. This year, Walmart Inc. will rake in $58.92 billion in US grocery ecommerce sales versus Target’s $8.10 billion, per our forecast. Meanwhile, Amazon’s massive array of products and speedy delivery time make it hard to compete with across multiple categories.
Article
| Jan 29, 2024
Subscription models are driving customer loyalty in online sales of groceries and other essential goods, but fatigue among consumers threatens long-term growth.
Report
| May 19, 2022
Vague moralizing about BNPL, like The Motley Fool Ascent’s advice to “just say no to BNPL—unless you really have no choice,” or disparaging using BNPL for groceries as the “height of personal desperation,” may be keeping consumers away.
Article
| Apr 15, 2024
Conversely, shoppers want to get through the grocery shopping process quickly, with 45% saying they take their time while shopping in-store for groceries. Beyond the chart:. Grocery retailers both in-store and online need to make sure the shopping experience is efficient. Search, display, and in-store ads can help consumers discover new brands, but they shouldn’t impede the shopping experience.
Article
| Jan 9, 2024
Tesco and Sainsbury’s online sales plummeted in 2022 as the digital grocery market normalized from its pandemic-related peak and shoppers returned to physical stores. However, online sales at the two retailers have bounced back and will grow by around 5% in 2024, per our forecast. Tesco’s online sales are growing faster than before the pandemic.
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| Dec 21, 2023
Article
| May 22, 2023
Retail sales got a 17% bump from wallet users, and digital wallet grocery sales were up 4%. Digging deeper: Demographic trends played a big role in boosting digital wallet transactions. Digital wallet users skew toward the better-off: While only 49.4% of US consumers reported using digital wallets in the survey, nearly 55% of consumers making more than $100,000 annually said they used digital wallets.
Article
| Mar 18, 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
The number one reason being the pandemic in which there was a demand for essentials like groceries that cause a lot of people to download these grocery apps like Instacart and start getting their groceries delivered. This was primarily done for necessities of which alcohol for most people, for some people it's a necessity.
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| Feb 14, 2024
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| Mar 30, 2022
Before the pandemic, online alcohol sales rates were in close proportion to the rest of food and beverage. But the pandemic-induced digital grocery boom accelerated the pace of ecommerce penetration among food and beverage sales. For many reasons, alcohol did not keep up with this larger category trend.
Article
| Jun 22, 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
Twenty-two percent of Anywhere purchases were made at discount and specialty stores; 15% were made at grocery stores; and 9% were at restaurants. Klarna preps for an IPO after releasing its own subscription service. Klarna rolled out Klarna Plus to US customers in January as part of its profitability push before going public.
Article
| Mar 1, 2024
Consumers took to social media to criticize the move, pointing out Pilnick’s salary (over $4 million last year), increasing grocery prices, and the fact that cereal does not make a good dinner, per CNN. Wendy’s is also in hot water with consumers after reports that the fast-food restaurant would experiment with surge pricing, a method used by rideshare companies to raise prices when demand is high.
Article
| Mar 1, 2024
“You could essentially force people to pay more for groceries if they're not willing to watch advertisements first.”. 3. Gen Alpha will be the first AI-native and VR-native generation. The AI, AR, and VR trends above are shaping the habits of Gen Alpha. As this generation ages and has more money to spend, this technology will play a bigger role in marketing and ecommerce.
Article
| Mar 20, 2024