From Rare Beauty’s scented billboards and Walmart’s truck tours to Dick’s Sporting Goods’ in-house production studios, here’s what the eight most interesting retailers from August have been up to, as ranked on our “Behind the Numbers” podcast.
Dick's Sporting Goods claimed the top spot for establishing its own in-house production studio, doubling down on content creation.
"As brands and retailers have these owned and operated digital channels and access to reach an audience via social media, the idea for creating your own content, whether it's something that is very easy, low budget stuff, going all the way up to premium video or a documentary, it seems like a no-brainer," said our analyst Blake Droesch.
Walmart earned second place with its "Your FYP on Wheels Tour," a fleet of delivery trucks traveling across the country to bring TikTok trends to life at concerts and live events.
This initiative comes as younger consumers are increasingly viewing Walmart in a new light.
"There is a trend more on TikTok where younger Gen Zers and maybe even Gen Alpha are seeing Walmart as cooler, especially now that Target has lost some of its magic," said our analyst Sky Canaves.
Selena Gomez's beauty brand secured third place for its first perfume launch, which featured scented billboards as part of its experiential marketing campaign.
"This is good because it was an example of a brand that is typically very values-oriented...doing something in-house that actually proves that they care about it as opposed to just going out and donating. They're actually changing how they run their business," said our analyst Emmy Liederman.
Bath & Body Works is expanding to over 600 college bookstores nationwide, targeting the influential college consumer market.
"College campuses need to expand the size of their mail rooms because so many people are getting PR packages," Liederman said, highlighting how brands are increasingly targeting college students who share recommendations within their tight-knit communities.
Crocs opened a 4,000-square-foot store in New York City that spans a city block.
The flagship store represents Crocs' effort to position itself as a brand for everyone while creating an immersive retail experience.
"I think that Crocs is an example of a brand that has sort of figured that out, because they have stylish wedges...and I would never consider myself a Crocs person for the standard shoe," Liederman said.
Anthropologie is opening stores exclusively for its in-house clothing line, Maeve, demonstrating the potential of well-executed private label brands.
"It really highlights the power of private label brands when done well and how far they can go," Canaves said, noting that Anthropologie is also building Maeve's brand identity through Urban Outfitters' rental service Nuuly and dedicated social media accounts.
Direct-to-consumer fashion brand Quince raised nearly $200 million in funding, valuing the company at $4.5 billion.
Amazon rounds out the list for launching same-day delivery of fresh foods in over 1,000 cities, a significant move to increase market share in digital grocery.
"The same-day delivery of fresh foods is a really big deal for Amazon, which has been struggling to figure out a way that they can grow their market share in the digital grocery business for a long time," Droesch said. "It feels like they've really gone all in with this offering...the best possible way to increase our market share at all costs."
This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
You've read 0 of 2 free articles this month.
One Liberty Plaza9th FloorNew York, NY 100061-800-405-0844
1-800-405-0844sales@emarketer.com