Is eBay the next advertising giant?

eBay advertising grows 27%, and execs say it will only get bigger

eBay is the latest platform to see fast advertising growth amid the rise of retail media. The marketplace’s advertising business is now 1.8% of GMV, and executives see a path to get to 3%. The growth is also being driven by shifts in how the platform presents ads. Promoted listings is eBay’s most popular ad product, as legacy display ads now have less importance.

'Stubborn' food inflation leaves U.S. shoppers with slim appetite for other goods

Inflation may be starting to cool off in general, but the cost of food remains high, with inflation still at a whopping 11.3%. That has been true for months, and it is leading consumers to cut back on clothing, home goods and toys. Walmart CEO Doug McMillon had a few ways to describe the consumer: "choiceful, discerning, thoughtful.” – Reuters

Key leaders depart at Nike, YouTube, Kroger

This week’s hiring update brings high-profile departures at YouTube, Nike and Kroger. Meanwhile, YETI, Ocean Spray and Swarovski all have new financial chiefs. On the Move has the latest comings and goings in commerce.

Klarna says demand for app fuels 71% jump in GMV

Buy Now Pay Later is getting a new boost at a time of high inflation. Klarna saw a big jump in use over the last month, with the U.S. leading the way as the company’s largest market. It comes as the company is rolling out new features for shopping and financial tools that allow users to track spending habits. – PYMNTS

Meet the first indie retail media network

Independent retailers have a new way to make sure they aren’t being left out of the retail media boom. IGA and Ideal teamed up to launch a retail media network that will pull together data from thousands of stores. Available to retailers beyond the IGA network, the network will attract shoppers to digital circulars that are designed to drive store traffic. – Candy & Snack Today

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