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Lowe’s CMO on the retailer’s marketing strategy.
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Hi there, happy Friday. Online Walmart shoppers might be pleasantly surprised to see a Bottega Veneta bag with an add-to-cart option. That’s because the big-box retailer is now offering consumers bags and jewellery from luxury brands such as Louis Vuitton, Bottega Veneta, and Saint Laurent thanks to a collaboration with high-end resale platform Rebag. We think the trade up is in the bag.

In today’s edition:

—Jeena Sharma, Erin Cabrey, Katie Hicks

MARKETING

Shoptalk

Shoptalk

Retailers these days seem to be up against a lot: rising costs, shifting consumer preferences, and dwindling loyalty are just the foremost among many concerns. But keeping consumer faith strong is arguably even more essential.

For Lowe’s CMO Jennifer Wilson, a lot of this comes down to putting together the perfect marketing strategy. Unfortunately, home improvement is not the easiest category to market. But Wilson, who has been with the retailer for nearly two decades, has it covered.

In a conversation at Shoptalk Fall in Chicago, the marketing veteran chatted with Retail Brew about Lowe’s primary marketing focus, shifting priorities, and new demographics.

Keep reading here.—JS

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STORES

Woman with shopping bags

Vuk Saric/Getty Images

Grocery prices helped boost the Consumer Price Index (CPI) in December, which rose 0.4% from November and 2.9% annually, the Bureau of Labor Statistics reported this week. Retail sales also increased 0.4% in December to $729.2 billion, and 3.9% year over year, the Commerce Department reported on Thursday.

The Commerce Department also revised November’s retail sales bump from 0.7% to 0.8%.

While the CPI jump was higher than analysts anticipated, following a 0.3% monthly and 2.7% annual increase in November, core CPI, which excludes food and energy prices, was lower than expected, up 0.2% month over month, the first cooldown since June, and 3.2% annually. Retail sales fell slightly below analysts expectations.

Keep reading here.—EC

SOCIAL MEDIA

Gif of TikTok logo on multiple phones turning off and another phone screen turning blue. Credit: Illustration: Anna Kim, Photo: Adobe Stock.

Illustration: Anna Kim, Photo: Adobe Stock

With TikTok prepared to go dark as soon as this weekend, many marketers seem poised to go all in on Meta.

Creators aren’t quite so sure.

Thoren Bradley, who has amassed more than 10 million TikTok followers for his woodchopping videos, has spent the last week encouraging people to boycott Meta in response to its lobbying efforts ahead of the bill’s passage last year. (Meta has denied supporting the TikTok divest-or-ban bill.)

Bradley isn’t alone. Videos of people turning off (and calling out) Meta’s data-sharing, tracking Meta’s fluctuating stock price, and deleting Facebook altogether have circulated online since the Supreme Court hearing about the TikTon divest-or-ban bill in early January. Even before that, Google searches for how to delete Facebook and Instagram accounts were on the rise following Meta’s announcement that it would end its third-party fact-checking program.

For creators who still plan on using Meta platforms, there’s some apprehension about audience-building and monetization options. TikToker Erica Mags, who has nearly 105,000 followers on the platform, said in one video that one of her videos didn’t get the same reception on Instagram Reels as it did on TikTok—so much so that she ended up deleting it.

“Don’t make us go over there,” she said in the TikTok. “The vibes are not the same.”

Keep reading here on Marketing Brew.—KH

Together With Walmart Business

SWAPPING SKUS

Today’s top retail reads.

Botched tech: How the 10-year deal between Walgreens and Cooler Screens went horribly wrong. (Bloomberg)

Last mile way: Walmart has partnered with tech company Symbotic to speed up online pickup and delivery at stores. (the Wall Street Journal)

No lean meat here: Meat processing firms JBS and Purdue will collectively pay $8 million for employing children at its slaughterhouses and plants. (the New York Times)

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