Is Amazon the Future of Pharmacy?
Amazon is expanding its pharmacy business, with projections of $1.8 billion in sales this year, positioning itself to compete with industry giants like CVS and Walgreens. Its focus on low prices and convenience could disrupt?the?pharmacy market, similar to its impact on?the?book industry.
This Week's Retail Rundown:
INDUSTRY NEWS | WHAT WE'RE READING
Online Holiday Sales in?the?US to Hit Record $240.8B: Adobe Analytics?
This holiday season, U.S. online sales are expected to reach?$240.8 billion, with mobile shopping up 12.8% and buy now, pay later services growing by 11.4%.
Survey: Most Consumers Say Price More Important Than Brand
With rising costs, 72% of shoppers say?the?economy is affecting?their grocery spending, and 75% are?switching to lower-priced brands. Digital promotions are helping brands stay competitive in this changing landscape.
Saks Delves Into a New Luxury Category — Fine Art
Saks Fifth Avenue has launched a?limited-edition fine art collection?with over 100 prints from renowned artists, available online and in select stores.
How Foot Locker Is Waging a Comeback After Its Breakup With Nike
Foot Locker?is revamping stores and strengthening brand partnerships to stay competitive. It’s also expanding its loyalty program to attract more customers.
RETAIL Q&A | INDUSTRY QUESTION OF?THE?WEEK?
WEEKLY RETAIL QUOTE
Curiosity drives innovation in retail. It opens doors to fresh ideas, new products, and unique customer experiences that set your brand apart.
RETAIL HAPPENING | A RECAP OF PI APPAREL MERCHANDISE PLANNING NY
Last week at PI Apparel's Merchandise Planning NY event, we connected with global merchants and planners to discuss?their challenges and highlight how AI-driven Voice of Customer data can lead to smarter, more profitable decisions.
Missed us at?the?event??Let’s talk!
IN?THE?LOOP | IMPACT OF RATE CUTS ON RETAILERS
About?First?Insight?????
First?Insight?is?the?global leader in Voice of?the?Customer retail solutions, transforming business decision-making through actionable consumer?insights and AI. Our platform enables retailers and brands to boost revenues and profitability by informing strategic decisions with consumer data and removing guesswork. Trusted by hundreds of leading retailers, vertically integrated brands, mass merchants, and wholesalers,?First?Insight?leads in optimizing strategy, product, pricing, and marketing decisions.
Visit??www.firstinsight.com?to learn more, or if you're interested in harnessing?the?power of?FirstInsight's Retail Decision Platform for your business,?let's talk!