From Ulta Beauty’s new marketplace to Gap’s creator platform, here’s what the eight most interesting retailers from October have been up to, as ranked on our “Behind the Numbers” podcast.
Ulta Beauty is the latest retailer to expand its assortment with an invite-only marketplace on its website and app.
The marketplace approach faces challenges, however.
"It'll be interesting to see how their marketplace can compete with Amazon and Walmart because we've seen them doing so well in the beauty space for many years," said our analyst Blake Droesh.
Walmart is teaming up with OpenAI to enable shopping through ChatGPT, making it one of the major retailers to make this move.
While consumer adoption of AI-powered shopping remains limited, Walmart's experimentation demonstrates its willingness to invest in potential future commerce channels, a crucial strategy in today's rapidly evolving retail landscape.
Gap has launched a centralized creator and affiliate advocacy program that unifies engagement across its portfolio of brands, including Old Navy, Banana Republic, and Athleta.
The program is open to creators of all sizes. "As long as you have a thousand followers, you can join the program, and I think that's a smart move," said our analyst Rachel Wolff. "If you have more creators, that just means more available content."
D2C sock brand Bombas is opening its own retail locations, an interesting move considering the brand has sold its products in other retailers for years.
"Maybe they are also being really smart about it," Feger suggested. "They have built their brand. They have a loyal following. They've done their due diligence of creating a larger audience through their retailer partnerships, and now that they're on more solid ground, this is a good time to expand."
Bombas exemplifies "doing D2C the right way" by timing their physical expansion appropriately, noted Droesch.
"They're the type of brand that I feel like opening stores and growing and expanding into different verticals is actually going to help bolster their business rather than cripple it," he said.
Kim Kardashian's SKIMS brand secured the fifth position with a provocative product launch: G-string underwear adorned with fake pubic hair in 12 colors.
Wolff noted the effectiveness of the marketing strategy: "As a marketing stunt, it did exactly what it was meant to do, which is get people interested, get them to the website to look at what this thing is, and then maybe click around and see some other maybe less controversial items."
Other brands that made the list include:
This article was prepared with the assistance of generative AI tools to support content organization, summarization, and drafting. All AI-generated contributions have been reviewed, fact-checked, and verified for accuracy and originality by EMARKETER editors. Any recommendations reflect EMARKETER’s research and human judgment.
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