Morning Brew - ☕ Speaking volumes

The industry-wide effort to boost volume.
Advertisement Advertisement
October 23, 2024

Retail Brew

American Express

Hey hey. It’s October 23, marking the 23rd anniversary of the day Apple introduced the iPod, squeezing 1,000 songs into a pocket-sized device. While the company discontinued iPods two years ago, that one free U2 album no one asked for will live on, on all your Apple devices, forever.

In today’s edition:

—Alex Vuocolo, Vidhi Choudhary, Erin Cabrey

STORES

Turn up the volume

Piled up shopping cart Shannon Fagan/Getty Images

Holiday deals are hitting nice and early this year, and some experts see the heavy promotional environment as a sign that retailers are trying to drive volume in response to falling prices.

“Promotions is obviously one of the fastest ways to drive unit volume, and it’s a way that you can do it in a controlled setting where you’re not adjusting your everyday price,” Matt Pavich, pricing expert at Revionics and a former manager of merchandising and systems development at Target, told Retail Brew.

In the first two weeks of October alone, Amazon held its two-day Prime Day event, which saw heavy discounting across categories, and both Target and Walmart held week-long sales events offering lower prices on thousands of products, including toys and other gift items.

These sales events appear to be just the latest in an industry-wide effort to boost volume after multiple years of drawing profits from inflated prices in the wake of the pandemic, Pavich explained. As inflation has slowed or even reversed into deflation in certain categories, the question of how to drive volume has become a priority for major retailers.

Keep reading here.—AV

   

Sponsored by American Express

This Card works as hard as you

American Express

E-COMMERCE

The best laid plans

Poshmark app Poshmark

Poshmark is undergoing a major fee structure shakeup.

The online resale platform is walking back fee changes announced on Oct. 2, after speculation of seller backlash from merchants that sell on its platform.

Poshmark is dropping the fee structure in which sellers had to pay an additional $1, $2, or $3 depending on the total order amount, after Poshmark CEO and Founder Manish Chandra admitted it led to a drop in sales.

“Over the past few weeks we have seen that shoppers spent less on purchases as they shifted their spending from orders to fees, leaving our sellers with less cash in their pockets—despite the seller fee reduction,” Chandra wrote in an email to sellers.

The company is also ditching its buyer protection fee, where shoppers had to pay $1, $2, or $3 based on the order price.

Keep reading here.—VC

   

COMMUNITY

Coworking with Emily Schwartz

Emily Schwartz Haus headshot Emily Schwartz

On Wednesdays, we wear pink spotlight Retail Brew’s readers. Want to be featured in an upcoming edition? Click here to introduce yourself.

Emily Schwartz is head of content and communications at Haus, a marketing science platform working with brands like Jones Road, Magic Spoon, and Sonos.

How would you describe your job to someone who doesn’t work in retail? It’s helpful to think of my job spearheading content and communications at Haus almost like being the GM of a media company, but for a brand. I help define our narrative and distribution channels so we can reach the right audiences with the right message at the right time—including many customers and community-members in retail, DTC, and e-commerce.

One thing we can’t guess about your job from your LinkedIn profile? It’s super cross-functional. It’s impossible to lead content and communications well in a silo. I’m working with partners in customer success, product, marketing, sales, and science nearly every day.

What’s your favorite project you’ve worked on? I loved helping drive PR for a recent fundraise announcement and new product launch. It’s so satisfying to pour in the work and see it pay off.

Which emerging retail trend are you most excited about right now, and why? There’s a transformation happening in retail marketing measurement right now around incrementality.

Keep reading here.—EC

   

SWAPPING SKUS

Today’s top retail reads.

Cash register: Tracking the hefty salaries earned by chief executives at grocery retailers like Target, Walmart, and Kroger in 2023. (Grocerydive)

Hot to go: With slowing sales in their core categories and consumers seeking cheaper food options, convenience stores like 7-Eleven, Casey’s, and Wawa, are upping their meal offerings. (AP News)

The present moment: With five fewer days between Thanksgiving and Christmas, retailers and brands are adjusting their holiday strategies. (the Wall Street Journal)

Putting in work: The American Express Business Platinum Card® offers a flexible spending limit that adapts with your business, giving you flexibility in an evolving landscape. Terms apply. Learn more.*

*A message from our sponsor.

SHARE THE BREW

Share Retail Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
retailbrew.com/r/?kid=303a04a9

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕ Handling it

Wednesday, October 23, 2024

How brands are preparing for holiday challenges. October 23, 2024 Marketing Brew Presented By Basis Technologies It's Wednesday. Peloton has partnered with Costco to sell its Bike+ model in stores

☕ Hit the road

Wednesday, October 23, 2024

Tech Brew tests GM's hands-free driving tech. October 23, 2024 Tech Brew Presented By Cisco It's Wednesday. Tech Brew's Jordyn Grzelewski, who writes about EVs and AVs every day, got a

☕ Spotlight on Arkansas

Wednesday, October 23, 2024

Americans are getting more work done... October 23, 2024 View Online | Sign Up | Shop Morning Brew Presented By Infinity Fuel Good morning. Here's a tech tip: You can name your group chats on

☕ Points well taken

Tuesday, October 22, 2024

Loyalty points for behaviors. October 22, 2024 Retail Brew It's Tuesday of what's shaping up to be a busy week for retail earnings, so we'll get right into today's edition. In

☕ Select few

Tuesday, October 22, 2024

Ad tech's newest buzzword is “curation.” October 22, 2024 Marketing Brew It's Tuesday. Change is brewing! As we reflect on nearly a decade of disrupting business news and engaging a generation

You Might Also Like

🌡️ The cure for burnout

Thursday, October 24, 2024

Fun stuff for you to click on curated with joy by CreativeMornings HQ October 24, 2024 Open in new tab Speech bubble logo with the words, CreativeMornings photo of a woman with black braids piled in a

Notes From The Progress Studies Conference

Thursday, October 24, 2024

... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

The Gambling Industry’s Cynical Play For Your Vote

Thursday, October 24, 2024

The industry aims to expand its reach this election season by promising revenue windfalls and downplaying evidence their services are a bad bet. To expand legalized sports gambling this election season

How dangerous is this deli sandwich, really?

Thursday, October 24, 2024

Plus: An argument for optimism about the state of the world, the fallout from Trump's Hitler comment, and more. October 24, 2024 View in browser Keren Landman MD is a senior reporter covering

Republican legislators in North Carolina demand investigation of judge for mentioning reproductive rights

Thursday, October 24, 2024

Three Republican state senators in North Carolina have demanded an investigation of state Supreme Court Justice Allison Riggs. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Market Slide, $4.4 Million Baseball, and a Skateboarding Finch

Thursday, October 24, 2024

Stocks fell sharply Wednesday, with the Dow experiencing its worst day in over a month, following a record-breaking rally that had included six consecutive winning weeks. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏

Numlock News: October 24, 2024 • Porphyrion, Potter, Lost City

Thursday, October 24, 2024

By Walt Hickey ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

☕ Hot water

Thursday, October 24, 2024

Flying cars are a step closer to reality... October 24, 2024 View Online | Sign Up | Shop Morning Brew Presented By SmartAsset Good morning. Did you get trapped in a supply closet before an all-hands?

Linus Torvalds affirms expulsion of Russian maintainers [Thu Oct 24 2024]

Thursday, October 24, 2024

Hi The Register Subscriber | Log in The Register Daily Headlines 24 October 2024 Linus Torvalds flips the bird Linus Torvalds affirms expulsion of Russian maintainers Removal of kernel maintainers

We Turned Some of Our Favorite Yamazaki Products Green

Thursday, October 24, 2024

Plus: Holiday table inspiration. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission. We Made a Home-