Keeping up-to-date with the latest in retail media can be tricky, but no need to worry. Pacvue is here to help with our Weekly Retail Roundup, keeping you informed about the latest trends and developments.
With the short week, we have you covered with our Weekly Retail Roundup, where we keep you up-to-date with the latest news, trends, and developments in the retail and commerce space. This week’s edition covers 4th of July insights from Instacart’s 2023 purchase data, Saks Fifth Avenue’s purchase of Neiman Marcus, Albertsons new partnership with Grubhub, and the launch of Amazon’s new marketplace to compete with Temu, Shein, and AliExpress.
Happy 4th of July from Pacvue and Instacart
Happy 4th of July from Pacvue and Instacart. We hope we’re on the list for your BBQ! Before you dig in, let’s dive into some mouthwatering insights from Instacart’s 2023 purchase data. Click here and prepare for a feast of sizzling stats on America’s festive food habits.
With the help of Amazon, Saks Fifth Avenue is Purchasing Neiman Marcus
Saks Fifth Avenue and Neiman Marcus have created Saks Global– a luxury department store owned by HBC. This $2.65 billion deal includes Saks Fifth Avenue, Neiman Marcus, Saks Off 5th, and Bergdorf Goodman. Amazon is investing in the merger to innovate and potentially streamline logistics and eCommerce for Saks Global.
Albertsons to add Grubhub as a National Delivery Partner
Albertsons announced a national partnership with Grubhub on June 25. The partnership will bring home grocery delivery to nearly 1,800 stores across its banners, including Safeway, Vons, and Jewel-Osco. The newly forged partnership promises great benefits for both companies, boosting Albertsons’ digital presence and making shopping even more convenient for customers.
Amazon to Launch New Marketplace to Compete with Temu, Shein, and AliExpress
Amazon is launching a new marketplace to compete with Temu, Shein, and AliExpress, offering low-priced, unbranded goods shipped directly from China. This section within Amazon will feature unbranded fashion, home goods, and daily necessities priced under $20 and lighter than one pound. The products will be shipped directly from Chinese manufacturers/warehouses, and lead times for delivery will be 9-11 days without tariffs
Pacvue Insider
The countdown is on! Amazon Prime Day 2024 is set to take place on July 16-17. With the dates locked in for one of the biggest sales events of the year, is your brand ready to make the most of Prime Day?
With two weeks to go, it’s never too late to start preparing. Click here for a copy of our Prime Day Prep Guide to ensure your brand is prepared and well-positioned for success.
