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The 2024 holiday sales from social media — driven by TikTok Shop and influencer affiliates, among other factors — show how far social shopping has come in the past five years. Americans viewed over 30,000 TikTok shopping livestreams that day, with one creator picking up $2 million in sales from a single session. "We've now been on TikTok Shop since the very beginning, and we've seen successes gradually and consistently increase month over month," Benator told BI. Live shopping platform Whatnot said in November that it had surpassed $2 billion in year-to-date livestream sales, for example. TikTok's owner ByteDance was likely behind the company's determination to make social shopping work as it sought to bring Douyin's success to TikTok.
Persons: ByteDance, TikTok, Max Benator, We've, we've, Benator, William, Amanda Perelli, Instagram, Nicolas Le Bourgeois, Dan Whateley, Julian Reis, that's Organizations: TikTok Shop, Companies, Amazon, TikTok, QVC, Adobe Analytics, Retailers, Walmart, Target, Adobe, YouTube Locations: Asia, China, Santa Monica, Outlandish's Santa Monica, influencers, America
AdvertisementA growing share of US shoppers chose buy-now-pay-later options on Black Friday and Cyber Monday. Splitit's CEO told BI that his company's order volumes were up 62% in the week ending with Cyber Monday. Many buy-now-pay-later shoppers are likely to use the option again as they get used to the concept. Of the $131.5 billion in online spending tracked by the company during the period, $9.4 billion was spent using a BNPL option. AdvertisementSplitit's Sheth said more than a third of its users during Cyber Week had previously used the service at least one other time in the preceding year.
Persons: Splitit's, Nandan Sheth, Splitit, BNPL, Klarna, Afterpay, Adobe, It's, that's, Neil Saunders, Sheth, Chris Walton, Caila Schwartz, Splitit's Sheth, Global Data's Saunders, Zers, Salesforce's Schwartz, Dominick Organizations: Business, Data, Amazon, Walmart, Rite Aid, Staples, Apple, Google, Global, Trump Locations: Australia, Sweden
Ulta Beauty on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. It said it now expects full-year earnings per year to range from $23.20 to $23.75, up from $22.60 to $23.50. Yet Ulta began to hint at potential troubles in April, with Kimbell warning of cooling beauty demand at an investor conference. It marked the first time that the retailer missed Wall Street's expectations in about four years. And it had in-store events, including workshops where customers received coaching from Ulta's stylists on how to get "salon-worthy blowouts"For beauty retailers, including Ulta, the holidays are a critical time of year.
Persons: Dave Kimbell, Ulta, Kimbell, NBCUniversal Organizations: LSEG, Target, Walmart, Revenue, Comcast, CNBC Locations: NBCUniversal
AdvertisementAs the CEO of the fashion company Tapestry, Joanne Crevoiserat helms Coach and Kate Spade's ships. As the CEO of the fashion company Tapestry, Joanne Crevoiserat steers popular brands like Coach, Kate Spade, and Stuart Weitzman. In an interview with Fortune's "Leadership Next," which was released on Wednesday, Crevoiserat gave host Diane Brady her leadership, business, and career advice. "Relationship building, understanding the end-to-end business is not always the intended outcome of a specific job," Crevoiserat said to Fortune. Under the proposed merger, six high-end fashion brands would operate under one umbrella: Capri's Versace, Jimmy Choo, and Michael Kors, along with Tapestry's Coach, Stuart Weitzman, and Kate Spade.
Persons: Joanne Crevoiserat helms, Kate Spade's, Joanne Crevoiserat, Kate Spade, Stuart Weitzman, Crevoiserat, Diane Brady, Fortune, It's, aren't, Brady, Donald Trump's, Capri's Versace, Jimmy Choo, Michael Kors Organizations: Walmart, Abercrombie, Fitch, Capri, Tapestry's, Business Locations: Hudson, New York City, New York
Posts with affiliate links were six times as likely to lead to a sale as other social content was. Social-media influencers and other content makers that recommend products via affiliate links helped drive about 20% of US e-commerce revenue on Cyber Monday, according to new data from Adobe Analytics. Affiliate marketing has become an increasingly important tactic for driving e-commerce sales as more consumers, and young shoppers in particular, turn to bloggers and other digital creators to decide what to buy. Companies like Amazon, Walmart, and LTK have spent years building affiliate programs to compensate creators who drive sales. LTK said its creators drive billions in retail sales annually.
Persons: Taylor Schreiner, Schreiner, LTK, Amber Venz Organizations: US, Adobe Analytics, Adobe Digital, Amazon, Walmart, Adobe
Jefferies upgrades Diageo to buy from hold Jefferies says it sees "renewed focus on growth" for the beverage company. Goldman Sachs initiates Cheesecake Factory and Brinker as buy Goldman said in its initiation of Cheesecake that it has "unit growth potential." Morgan Stanley upgrades Hewlett Packard Enterprise to overweight from equal weight Morgan Stanley says it's bullish on the company's acquistion of Juniper. Morgan Stanley downgrades Applied Materials to underweight from equal weight Morgan Stanley says it sees a "weaker operating environment" for the semis company. Morgan Stanley initiates Brown & Brown as overweight Morgan Stanley says the insurance risk management company has a competitive advantage.
Persons: Piper Sandler, Piper, Jefferies, Goldman Sachs, Brinker, Goldman, it's bullish, Bernstein, Oppenheimer, it's, Wolfe downgrades Ford, Wolfe, Morgan Stanley, Brown, Tesla, gigafactory, Robin Hood, Vlad Tenev, Eli Lilly, Orforglipron Organizations: Nvidia, AMD, Intel, Jefferies, Diageo, Disney, Broadcom, Detroit, Ford, Citi, Netflix, Hewlett Packard Enterprise, JPMorgan, ConocoPhillips, Barclays, Gates, Bank of America, Walmart, Costco, Optimus, Deutsche Bank, Deutsche Locations: F4Q, Juniper, OW, Austin , TX
"What we're seeing, I think very strongly now, is [that] consumers are frustrated — they're frustrated by high prices." During the more-than-two-year stretch of inflation that was born out of pandemic shortages and supply chain issues and continued as companies raised prices, consumers largely stayed resilient and continued to spend. Barkin said that in 2018 and 2019 he met with companies and asked if they were going to pass on Trump tariff-driven cost increases to consumers. Navarro was previously a top trade aide for Trump during his first term a and major proponent of tariffs. So, it should do something to increase prices."
Persons: Barkin, CNBC's Steve Liesman, — they're, Trump, Tom Barkin, John David Rainey, Trump's, Rainey, you've, Brandon Sink, Liesman, Peter Navarro, Navarro, that's, it's Organizations: CNBC, Summit, Washington , D.C, Target, Walmart, Federal Reserve Bank of Richmond, Trump, Depot, Trade, Trump Manufacturing, Richmond Fed Locations: Washington ,, Trump, China
Dollar Tree may also raise prices from their current level of $1.25. Dollar Tree, which also owns Family Dollar, did not say which products it may axe or hike prices on. Dollar Tree said it will negotiate with vendors and shift where it gets its items from to alternate countries if tariffs take effect, a similar response to how it handled Trump’s tariffs during his first administration. In 2021, Dollar Tree raised base prices to $1.25 after 30 years of selling items for just a dollar. Tariffs may be another hit to Dollar Tree, adding to its struggles.
Persons: Donald Trump’s, Michael Creedon, Creedon, Michael Lasser Organizations: New, New York CNN, Trump, Companies, KeyBanc, Walmart, UBS Locations: New York, Mexico, Canada, China
But that was a long time ago — all the way back in September — and a quite a lot has changed. What happened in the two-ish months between the Times’ story and today is pretty simple: Trump won reelection, obviously. Trump also welcomed his faithful “first buddy” Elon Musk into his inner circle, where Musk appears to be relishing his role as a kind of gatekeeper for executives hoping to snag an audience with the president-elect, per the Wall Street Journal. To be sure, plenty of companies are still committed to DEI programs, and not all executives are morphing into insufferable suck-ups. That could be the key to Meta’s future growth as it contends with TikTok and YouTube’s stranglehold on Gen Z.
Persons: Mark Zuckerberg, he’d, Zuck, ” “, , Donald Trump, Clare Duffy, Trump, Zuckerberg, ” Elon Musk, Sam Altman, , Joe Biden’s, tweeting, ” Shaun Harper, Nathaniel Meyersohn, ” Zuckerberg, TikTok Organizations: New, New York CNN, The New York Times, Meta, Times, Street Journal, Walmart, Pride, University of Southern, Trump, CNBC, Facebook Locations: New York, Washington, , University of Southern California
He said Walmart's future looked like "urgent deliveries happening in a really fast time." He said he ordered the drone delivery when his wife Shelley realized she didn't have a key ingredient in the kitchen. In August, DroneUp, Walmart's drone delivery partner, told Axios that drone deliveries were not economically sustainable for smaller, low-cost packages. The retailer currently offers drone deliveries in three locations in the US — Bentonville, Dallas, and Virginia Beach. In January, it expanded its drone delivery radius to serve 1.8 million additional households in the Dallas-Forth Worth area.
Persons: Doug McMillon, Morgan Stanley, Shelley, McMillon Organizations: Walmart, Morgan, Morgan Stanley Global Consumer, Retail Conference, Business Locations: New York, Bentonville , Arkansas, DroneUp, Phoenix, Salt Lake City, Tampa, Bentonville, Dallas, Virginia, Forth Worth
But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General. Dollar Tree is also exploring selling off Family Dollar, its more grocery-focused brand. Family Dollar, which Dollar Tree acquired in 2015 for nearly $9 billion, is found in more urban areas and sells more food and household staples. The company plans to close about 1,000 Family Dollar stores and is exploring a potential sale of the business. Dollar Tree has more than 16,000 stores, while Dollar General has nearly 20,000 locations across the U.S.
Persons: Jeff Owens, Rick Dreiling, Peter Keith, Piper Sandler, , it’s, Todd Vasos, Goldman, Vasos, , Piper Sandler’s Keith, Keith, John David Rainey, Joe’s, Mike Creedon, Creedon, Alasdair James, James, Donald Trump, CNBC’s Ryan Baker Organizations: Walmart, Dollar, Target, Goldman Sachs, Costco, Sam’s, Aldi, , U.S . Department of Labor, federal, Safety, Health Administration, Trump Locations: U.S, Bentonville, Arkansas, China
AdvertisementPresident-elect Donald Trump's latest tariff threat is 100% on goods from a group of nine countries known as BRICS. Business Insider looked at the top goods the US imports from BRICS nations, including medicine, apparel, and electronics. Census Bureau trade data showed that in 2023, the BRICS nations together accounted for about $578 billion in imports to the US. India accounted for much of the imports when looking at the BRICS nations, excluding China. Luiz Inácio Lula da Silva, Brazil's president, proposed creating a common currency among the BRICS nations last year, which could help avoid US sanctions.
Persons: Donald Trump's, Trump, Luiz Inácio Lula da Silva, Dmitry Peskov, GOP Sen, Bill Hagerty, Hagerty Organizations: United, United Arab Emirates, U.S, International Trade, Business, China, Trump, Walmart, Columbia, GOP, NBC Locations: BRICS, Brazil, Russia, India, China, South Africa, Ethiopia, Egypt, Iran, United Arab, America, Mexico, Canada
But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General . Dollar Tree is also exploring selling off Family Dollar, its more grocery-focused brand. Dollar General and Dollar Tree stores Getty ImagesPeter Keith, a retail analyst for Piper Sandler, said a challenging mix of factors hurt the retailers. Family Dollar, which Dollar Tree acquired in 2015 for nearly $9 billion, is found in more urban areas and sells more food and household staples. Dollar Tree has more than 16,000 stores, while Dollar General has nearly 20,000 locations across the U.S.
Persons: Jeff Owens, Rick Dreiling, Peter Keith, Piper Sandler, it's, Todd Vasos, Goldman Sachs, Vasos, Piper Sandler's Keith, Keith, John David Rainey, Joe's, Mike Creedon, Creedon Organizations: Walmart, Dollar, Target, Costco, Sam's, Aldi, Locations: U.S, Bentonville, Arkansas
View at Amazon What we like Check mark icon A check mark. View at iRobotThe best Cyber Monday Shark robot vacuum dealsShark Detect Pro Self-Empty Robot Vacuum (RV2820AE) $349.99 $599.99 Save 42% The Shark Detect Pro Self-Empty Robot vacuum has an auto-empty dust bin that holds up to 60 days of debris. View at Amazon What we like Check mark icon A check mark. View at AmazonBest Cyber Monday robot vacuum deals from other brandsLowest Price Dreame L40 Ultra Robot Vacuum $1,049.99 $1,499.99 Save 30% The Dreame L40 Ultra is the best splurge robot vacuum we've tested. View at AmazonCyber Monday robot vacuum deal FAQsWhat is the best robot vacuum to buy?
Persons: Roomba, doesn't, Bissell, We've Organizations: Business, Walmart, Samsung, Bissell, Eureka
AdvertisementI ordered a dozen custom cupcakes from Walmart, Publix, and Wegmans. The Wegmans cupcakes were the adult favorite, but more than double the price of the other options. Walmart's cupcakes were the kids' favorite and the cheapest option — but Publix also impressed me. AdvertisementAs I researched, I was surprised by the price differences for custom cupcakes from some of my nearby chains, including Walmart, Wegmans, and Publix. So, I ordered a dozen from each to see which cupcakes would have the best value, look, and flavor.
Persons: cupcakes, Publix Organizations: Walmart
As June’s Pride Month festivities were nearing a conclusion, Tractor Supply released a statement that put LGBTQ+ rights proponents on alert. With that move, Tractor Supply became the first domino to fall as companies began pulling out of the Corporate Equality Index. For Tractor Supply and some others, it marked a staunch turn in policy. For former Tractor Supply customer Ashe Taylor-Austin, the retailer’s announcement pushed them to look elsewhere when purchasing supplies for their horse. “When we got the news about Tractor Supply, I immediately started shopping around,” said Taylor-Austin, who switched to buying from a small business.
Persons: Lowe’s, , Robby Starbuck, Starbuck, Molson Coors, ” Dave Osswald, George Floyd’s, , Kenji Yoshino, Jack Daniel’s, Brown, Forman, Forbes ’, Ford, “ Ford, ” Meeta Huggins, Ford’s, , Donna Morris, Davidson, Stephanie Creary, Creary, ” Creary, NYU’s Yoshino, Yoshino, ” “, ” Yoshino, Adina Sterling, Sterling, ” Sterling, ” Starbuck, doesn’t, you’ve, It’s, Kelley Robinson, ” Robinson, Stephanie Mahnke, ” Mahnke, Mahnke, Ashe Taylor, Taylor, Austin Organizations: Tractor, Tractor Supply, Ford, Walmart, HRC, CNBC, Human, Molson, MillerCoors, Ford Motor, New York University, Companies, Forbes, Employers, Diversity, Harley, Toyota, Business, University of Pennsylvania’s Wharton School, Harvard University, University of North, Columbia Business School, Supply, Trump, LGBT Capital, , NAACP, Fortune, Chamber, Tennessee Pride Chamber, Tennessee Pride, former Tractor Supply Locations: U.S, Detroit, Arkansas, University of North Carolina, America, Mexico, Spain, Tennessee
Cyber Monday is officially here, and if you need Apple AirPods, they are currently discounting a handful of models. The Apple AirPods Pro 2 is currently 38% off, while the Apple AirPods Max is currently 27% off. 4.7-star average rating from 285 reviews on AmazonLowest price everThis silicone cover will keep your AirPods case in top shape. It will work with first — and second-generation Apple AirPods. 4.4-star average rating from 7,706 reviews on AmazonLowest price everAre you nervous about losing one of your AirPods?
Persons: Max, Dre, Siri, Kim Kardashian, They’re, Harry Rabinowitz, AirPods Abt, earbuds Bose, Apple Airpod, TikTok Organizations: Apple, Amazon, NBC, Bluetooth, AidPods, Apple Watch, Walmart, Costco, Amazon Prime, Facebook, Twitter
I frequently cover shopping events as a writer for NBC Select, and I spent weeks combing through discounts to find the best Cyber Monday Costco deals actually worth shopping. SKIP AHEAD Best Cyber Monday Costco deals | More Cyber Monday Costco sales | Best Cyber Monday sales at other retailers | How I found the best Cyber Monday Costco deals| Why trust NBC Select? Best Cyber Monday Costco deals4.6-star average rating from 58 reviews on CostcoThis laptop has a 16-inch touchscreen and 16GB of memory and a 1TB SSD. Best Cyber Monday Costco salesHere are the best Cyber Monday Costco sales to know about. To round up the best deals from Costco, I found highly rated products at their lowest price ever or their lowest price in three months.
Persons: You’ll, I’ll, Bose, Dyson, Jordan Bowman, trimmer, shaver, it’s, TikTok Organizations: Costco, NBC, HP, Bluetooth, Google, Philips, Costco NBC, Braun, Epson, GE, Walmart, Nordstrom, Wellness, Bath, Giftable Tech, Amazon Prime, Facebook, Twitter
Cyber Monday is finally here, and many retailers are offering notable discounts, including one of our all-time favorite brands, Dyson. SKIP AHEAD Best Cyber Monday Dyson deals | Best Cyber Monday Dyson sales | How I picked the best Cyber Monday Dyson deals | Why trust NBC Select? Best Cyber Monday Dyson dealsI found, vetted and wrote about every Dyson deal I recommend below. 4.1-star average rating from 259 reviews at TargetLowest price everThis air purifier pulls double-duty, cleaning and cooling the air. All the deals I recommend are at least 15% off and highly rated with at least a 4.0-star average rating from hundreds of reviews.
Persons: Dyson, I’ve, I’ll, TikTok Organizations: NBC, Walmart, Amazon Prime, Facebook, Twitter Locations: New York
I’ve been covering Black Friday and Cyber Monday deals as an editor at NBC Select for four years, and I spent weeks combing through discounts to find the best Cyber Monday deals under $50 actually worth shopping. SKIP AHEAD Best Cyber Monday deals under $50 | Best Cyber Monday sales under $50 | I found the best Cyber Monday deals under $50 | Why trust NBC Select? Best Cyber Monday deals under $50I found, vetted and wrote about every deal I recommend below. Best Cyber Monday sales under $50Here are the best Cyber Monday sales under $50 to know about. I’m an updates editor for NBC Select who has covered deals and sales for Black Friday, Cyber Monday, Prime Day and more.
Persons: I’ve, I’ll, It’s, livestreaming, shea, “ I’ve, , Bianca Alvarez, Alvarez, Cash, Alo, TikTok Organizations: NBC, Walmart, sitewide, Navy, Gamestop, Wellness, Bath, Giftable Tech, Black, Facebook, Twitter Locations: carabiner, Bala
I frequently cover shopping events as a commerce editor for NBC Select, and I spent weeks combing through discounts to find the best Cyber Monday kitchen deals actually worth shopping. SKIP AHEAD Best Cyber Monday kitchen deals | Best Cyber Monday Kitchen sales | How I found the best Cyber Monday deals | Why trust NBC Select? Best Cyber Monday kitchen deals in 2024I found, vetted and wrote about every deal I recommend below. 4.6-star average rating from 50,342 reviews on AmazonI absolutely love everything I’ve ever purchased from Nutribullet, including this powerful space-conscious blender. Best Cyber Monday kitchen salesHere are the best Cyber Monday kitchen sales to know about.
Persons: I’ll, fryer, it’s, I’ve, Staub, Emile Henry, TikTok Organizations: NBC, AA, Amazon, Walmart, Home, Facebook, Twitter Locations: Nutribullet
Cyber Monday laptop deals are great opportunities to get a new computer at a bargain price. I spent weeks combing through discounts to find the best Cyber Monday laptop deals that were actually worth shopping. SKIP AHEAD Best Cyber Monday Laptop deals | Best Cyber Monday laptop accessories deals | More Cyber Monday Laptop sales | How I picked the best Cyber Monday Laptop deals | Why trust NBC Select? Best Cyber Monday Laptop dealsI found, vetted and wrote about every deal I recommend below. Best Cyber Monday Laptop salesHere are the best Cyber Monday Laptop sales to know about.
Persons: I’ve, Rebecca Rodriguez, Jordan Bowman, You’ll, It’s, TikTok Organizations: Apple, NBC, Apple Intelligence, Walmart, MacBook Air, Lenovo, Best LG, LG, HP, Asus, Microsoft, Costco, Wellness, Bath, Giftable Tech, CNET, Facebook, Twitter
I combed through discounts to find the best Walmart Cyber Monday deals actually worth shopping. SKIP AHEAD Best Walmart Cyber Monday deals | More Walmart Cyber Monday sales | Best Cyber Monday sales at other retailers | How I picked the best Walmart Cyber Monday deals | Why trust NBC Select? Best Walmart Cyber Monday dealsI found, vetted and wrote about every deal I recommend below. Best Walmart Cyber Monday salesHere are the best Walmart Cyber Monday sales to know about. Best Cyber Monday sales at other retailersHow I found the best Walmart Cyber Monday dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting.
Persons: I’ve, Harry Rabinowitz, Zoe Malin, It’s, Malin, , TikTok Organizations: Walmart, Walmart Plus, 8PM, NBC, Apple, Walmart Apple, Fujifilm, Cyclone, Wellness, Giftable Tech, Facebook, Twitter
SKIP AHEAD Best Cyber Monday smartwatch deals | Best Cyber Monday smartwatch accessory deals | More Cyber Monday smartwatch sales | How I picked the best Cyber Monday smartwatch deals | Why trust NBC Select? 4.6-star average rating from 675 reviews on AmazonLowest price everIf you own an iPhone, this is one of the best smartwatches you can buy. Best Cyber Monday smartwatch salesHere are the best Cyber Monday smartwatch sales to know about. Most of the deals I recommend are at least 20% off and highly rated with at least a 4.0-star average rating. For this piece, I researched Cyber Monday deals across retailers and brands to find notable deals on smartwatches.
Persons: I’ll, , It’s, I’ve, wearables, TikTok Organizations: NBC, Apple, Garmin, Android, Giftable Tech, Samsung Galaxy, Galaxy, Google, Galaxy Watch, Samsung, Apple Watch, Walmart, Costco, Garmin smartwatches, Wellness, Tech, Facebook, Twitter
Cyber Monday is finally here and retailers are already offering notable tech deals for the event. I spent weeks combing through discounts to find the best early Cyber Monday tech deals actually worth shopping — deals I would shop myself. SKIP AHEAD Best Cyber Monday tech deals | More Cyber Monday tech sales | How I picked the best Cyber Monday tech deals | Why trust NBC Select? Best Cyber Monday tech dealsI found, vetted and wrote about every deal I recommend below. Best Cyber Monday tech salesHere are the best Cyber Monday tech sales to know about.
Persons: I’ll, We’ve, I’ve, Rebecca Rodriguez, Apple Siri, misplacing, Zoe Malin, Malin, Peacock, sitewide Anker, TikTok Organizations: NBC, Giftable, Apple, Garmin, Amazon Alexa, Google, Apple Watch, Apple Intelligence, Echo, Netflix, Hulu, Walmart, Sony, Samsung, JBL, Gamestop, Travel, Giftable Tech, Facebook, Twitter
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