Latest news with #dunnhumby
CNBC
22-07-2025
- Business
- CNBC
How Canadian boycotts are impacting the U.S.
Amid rising trade and political tensions, Canadian consumers are increasingly turning their backs on American products. Giancarlo Trimarchi, owner of Vince's Market, a Canadian grocery chain, has seen the backlash firsthand. "Customers are demanding as much Canadian product as possible and get upset when they see U.S. goods," he said. In a move that could escalate the trade standoff further, President Donald Trump recently announced new tariffs of 35% on Canadian goods starting Aug. 1. "The U.S. tariffs look like they're going to last for the duration of the Trump administration in one form or another. And, that's going to keep other countries in a negative mood towards U.S. goods and services," said Gary Hufbauer, senior fellow at Peterson Institute for International Economics. A "Buy Canada" movement is also intensifying, with 71% of Canadians saying they plan to buy fewer U.S. goods this year, according to retail data consulting firm dunnhumby. That pullback is expected to cause a drop in U.S. exports to Canada, particularly in food and alcohol. In 2024, Canada was the U.S.'s second-largest food export market, valued at $28.4 billion, according to the U.S. Department of Agriculture. Tourism is also feeling the pressure, with foreign tourists canceling their travel plans to America. The loss in revenue from international travelers is expected to cost the U.S. economy $12.5 billion this year, according to the World Travel & Tourism Council. The boycott sentiment isn't limited to Canada. European consumers, sharing the same frustrations with U.S. foreign policy, are also rejecting American products. A European Central Bank survey revealed that 44% of Europeans are turning away from U.S. brands. This has contributed to plummeting sales for U.S. companies, especially Tesla, which saw a nearly 28% drop in European sales amid a litany of other factors. While some hope trade tensions will ease and that things will return to normal, consumer surveys indicate this shift in behavior could have lasting effects on U.S. companies, even after tariffs are resolved. Watch the video to find out more about the Canadian boycott of American goods and what impact it could have on the U.S. economy.
National Post
28-05-2025
- Business
- National Post
71% of Canadian and 43% of Mexican Consumers Intend to Buy Fewer U.S. Grocery Products in 2025, dunnhumby Study Reveals
Article content Article content CINCINNATI — Seventy-one percent of Canadian and 43% of Mexican consumers report they will buy fewer U.S. grocery products in 2025 according to the tenth wave of the dunnhumby Consumer Trends Tracker (CTT) released today. Canada and Mexico are the two largest agricultural trading partners of the U.S. According to the USDA, in 2024 the U.S. exported 33% of its agricultural products to Canada and Mexico, totaling over $58 billion out of $176 billion of total U.S. agricultural exports. Imports from these countries were 42%, amounting to $90 billion out of $213 billion in total U.S. agricultural imports, according to the USDA. Article content The quarterly study – now in its third year – also found that 84% of Canadians, 79% of Brazilians, 78% of Chileans, 77% of Mexicans, and 76% of Colombians, cited the tariffs imposed by the U.S. as the most important factor of why they intend to buy fewer grocery products from the U.S. The political climate between the U.S. and the respondents' country was the second most cited reason for the pullback. Article content 'Canadians and Latin Americans are shifting their shopping behavior to spend their money where their values align. That has implications for all brands and retailers as they need to truly understand their customers to make sure they are living up to the standards expected of them,' said Matt O'Grady, President of the Americas, dunnhumby. Article content U.S. retail mass and chain stores in Canada had on average, a 3% drop in sales penetration compared to the ninth wave of this study in December 2024. This drop reflects a loss of approximately 500,000 Canadian households. National Canadian chains in discount and mass formats gained 3% during this period. Nearly 25% of Canadians and Latin Americans who are buying less from the U.S. this year, also said that this would become permanent behavior in the future. For Canada this equates to $15 to $20 billion of annual grocery purchasing power. While consumers in Canada and Latin America aim their protectionist behavior at the U.S., American shoppers exhibit little interest in retaliating against tariffs levied by countries in the Americas. Instead, 21% of U.S. consumers plan to reduce their purchases from China, although the U.S. imports less than 5% of its food supply from China. Buying from home sentiment is up in most countries, but least of all in the U.S. 63% of Canadians, 60% of Brazilians, 59% of Colombians, 54% of Mexicans, and 44% of Chileans said they intend to buy more from their own countries. Only 30% of Americans agreed with buying more from their own country. Channel penetration of discount and dollar channels shifted the most for Canadians (up 3% to 75%) and for U.S. (up 4% to 57%) consumers in this wave. U.S. shoppers are more likely exploring discount and dollar stores due to concerns about finances, but significant sales shifts to these channels have not occurred yet. Article content 'Although consumers, retailers, and brands are navigating uncertain times, there are concrete steps all can take in the midst of this disruption. For consumers that may mean rapidly changing their behaviors so they protect their wallets, but for retailers and brands it means they should be turning to data insights to determine which strategic actions they need to take to stay ahead,' said 'O'Grady. Article content Methodology Article content dunnhumby interviewed 8,500 grocery shoppers across Canada, Brazil, Colombia, Mexico, Chile, and the U.S. The online interviews for Wave 10 took place in April 2025. Approximately 1,000 to 2,000 individuals were interviewed in each of the six countries for the current wave of the study. Article content The CTT study is designed to uncover shopper needs, perceptions, and behavior over time, and to complement dunnhumby's Retailer Preference Index. The latest CTT study is available for download on Thursday, May 29, 2025. Additional data will be shared today at 11 am Central during the webinar: ' Grocery Shoppers on the Edge: Navigating the New Economic Reality in the Americas.' Article content dunnhumby is the global leader in Customer Data Science, empowering businesses everywhere to compete and thrive in the modern data-driven economy. We always put the Customer First. Our mission: to enable businesses to grow and reimagine themselves by becoming advocates and champions for their Customers. Article content With deep heritage and expertise in retail — one of the world's most competitive markets, with a deluge of multi-dimensional data — dunnhumby today enables businesses all over the world, across industries, to be Customer First. Article content The dunnhumby Customer Data Science Platform is our unique mix of technology, software and consulting enabling businesses to increase revenue and profits by delivering exceptional experiences for their Customers – in-store, offline and online. dunnhumby employs over 2,500 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, Procter & Gamble, Raley's, and L'Oréal. Learn more at Article content Article content Article content Article content Contacts Article content Article content Article content
Yahoo
14-05-2025
- Business
- Yahoo
Industry Demand for Open Innovation Fuels dunnhumby ventures' Retail Innovation Network's Growth
After emerging as the pioneering open innovation program representing retail leaders from 300+ organizations, Retail Innovation Network returns to Bentonville with inaugural Retail Innovation Week BENTONVILLE, Ark., May 14, 2025--(BUSINESS WIRE)--dunnhumby ventures, the strategic venture capital and open innovation arm of dunnhumby, the global leader in Customer Data Science, announced the return of its Retail Innovation Forum Americas event on September 18, 2025 in Bentonville. The forum enables senior decision makers to form strategic connections across one of the largest open innovation ecosystems in retail. Launched in 2024, the Retail Innovation Network has held over-subscribed events in Bentonville and London which brought together global best-practice sharing from 300+ organization and 30+ country representatives. Over 1,000 connections have been made among members. Alongside the Retail Innovation Forum, dunnhumby ventures and its partners are proud to host the Retail Innovation Week which will take place 15-18th September in Bentonville. This first-of-its-kind week aims to gather 1,000+ senior retail innovation leaders from pioneering startups, enterprise technology partners, investment firms, academia, retailers, and brands. "Today's retail technology innovation decisions and investments are being made with significant inefficiencies in speed and resourcing. Organizations are mis-using their internal assets while struggling to keep up with the rapidly evolving external technology, data, and AI vendor landscapes," said Leo Nagdas, Head of Corporate Development and Ventures at dunnhumby. "We are re-framing decades of siloed thinking by bringing the open innovation mindset to retail in the form of the Retail Innovation Network and the ecosystem has welcomed it with open arms," he added. Over 200 senior retail and CPG technology leaders are expected to attend the Retail Innovation Forum in Bentonville in September. Forum attendees will experience and participate in innovation showcases, panel discussions, and curated networking opportunities. The panel discussions will focus on: Understanding evolving customer needs Engaging consumers with relevance and authenticity Optimizing critical decisions with data and AI Innovating with the ecosystem The invite-only event is complimentary and offers an opportunity to interact with dunnhumby's executives, including President of the Americas, Matt O'Grady and Founder and Chief of the Retail Innovation Network, Leo Nagdas. Participants can also engage with strategic innovation leaders from market-leading technology providers, retailer and CPG innovation leaders, and investors. Takeaways from these events will be shared exclusively with the Retail Innovation Network members over the coming months as part of a new innovation white paper series. Global retail innovation leaders are welcome to apply for complimentary membership to the Retail Innovation Network via submission link at To learn about the Retail Innovation Week visit About dunnhumby ventures: dunnhumby ventures is dunnhumby's strategic venture capital and ecosystem-led innovation arm with a mandate to partner and invest in early-stage retail technology start-ups that embrace data and artificial intelligence for innovation along the customer's path to purchase. We foster industry collaboration via the Retail Innovation Network, our exclusive ecosystem of senior retail innovation leaders, and seek to align with partners at an early stage to supercharge their ability to take innovation to market by tapping into dunnhumby's retail industry expertise, pioneering data science assets, and global retailer and supplier partner network. Our areas of focus include artificial intelligence (AI), data capture and enrichment, retail media, customer engagement, category management, supply chain, and commerce. About dunnhumby: dunnhumby is the global leader in Customer Data Science, empowering businesses everywhere to compete and thrive in the modern data-driven economy. We always put the Customer First. Our mission: to enable businesses to grow and reimagine themselves by becoming advocates and champions for their Customers. With deep heritage and expertise in retail – one of the world's most competitive markets, with a deluge of multi-dimensional data – dunnhumby today enables businesses all over the world, across industries, to be Customer First. The dunnhumby Customer Data Science Platform is our unique mix of technology, software, and consulting, enabling businesses to increase revenue and profits by delivering exceptional experiences for their Customers – in-store, offline and online. dunnhumby employs over 2,500 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, Procter & Gamble and Raley's. View source version on Contacts Media contact:Theresa Smith, dunnhumbyemail: tls@ phone: 818-704-8481 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-05-2025
- Business
- Business Wire
dunnhumby and Bridg Forge Strategic Partnership to Enhance Customer Reach, Engagement, and Retail Media Activation for Retailers and Brands
CINCINNATI & LOS ANGELES--(BUSINESS WIRE)-- dunnhumby, the global leader in AI customer data science, and Bridg, the identity resolution and shopper intelligence platform powering the Rippl data and media network, today announced a strategic partnership. "We're thrilled to partner with Bridg to deliver unique retail media & loyalty solutions," said Leo Nagdas, Head of Corporate Development at dunnhumby. 'Our combined capabilities help retailers and brands drive incremental customer value by delivering personalized, privacy-compliant, and relevant experiences across all channels." The partnership also addresses a critical challenge in the retail media sector: the disproportionate concentration of advertising investment. "Currently, 85% of U.S. retail media spend flow into the top two retail media networks," said Steve Dietch, Chief Revenue Officer at Bridg. "This leaves a significant gap for retailers who possess rich customer insights and valuable audiences but lack the holistic media strategy that Bridg and dunnhumby can now offer." This partnership will enable retailers to: Create new data assets by significantly expanding their first-party customer data using Bridg's exclusive identity resolution technology. Deepen customer understanding, enhance reach and elevate loyalty through dunnhumby's Shopper Insights Platform and loyalty and customer engagement suite. Maximize media monetization opportunities through a combination of dunnhumby's AI-powered Retail Media Platform and Bridg's Rippl retail media network. This partnership will enable brands to: Unlock access to uniquely calibrated audiences that drive your brand goals. Leverage national, regional, and custom segmentation options from dunnhumby and Bridg, including access to Rippl's 130 million+ shoppers with SKU-level purchase insights, and dunnhumby's industry-leading retail media data science and consulting expertise. Strategically allocate budgets across media networks. Implement a multi-network approach for optimal performance and see a strong return on investment. Deliver customer-centric omnichannel experiences at every touchpoint. Leverage a comprehensive inventory of digital and physical media to connect with shoppers seamlessly throughout their purchase journey. About dunnhumby dunnhumby is the global leader in Customer Data Science, empowering businesses everywhere to compete and thrive in the modern data-driven economy. We always put the Customer First. Our mission: to enable businesses to grow and reimagine themselves by becoming advocates and champions for their Customers. With deep heritage and expertise in retail — one of the world's most competitive markets, with a deluge of multi-dimensional data — dunnhumby today enables businesses all over the world, across industries, to be Customer First. The dunnhumby Customer Data Science Platform is our unique mix of technology, software and consulting enabling businesses to increase revenue and profits by delivering exceptional experiences for their Customers – in-store, offline and online. dunnhumby employs over 2,500 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, Procter & Gamble, Raley's, and L'Oréal. Learn more at About Bridg Bridg, a division of Cardlytics, Inc., is a unique identity resolution platform. Bridg converts transactions into knowable customers by leveraging in-store transaction data and our exclusive insight into the offline consumer behavior. Bridg customers benefit from expanded and enriched first-party data, access to new and unique customer insights, and enhanced personalization and targeting that leads to increased customer engagement and lifetime value. Bridg powers Rippl Retail Media Network, the largest consortium of regional grocers and convenience stores in the U.S. Brand advertisers and agencies gain access to a national network of over 130 million shoppers with precise targeting down to the category, brand and product level, and closed-loop campaign measurement tied to in-store revenue.
Yahoo
08-05-2025
- Business
- Yahoo
dunnhumby and Bridg Forge Strategic Partnership to Enhance Customer Reach, Engagement, and Retail Media Activation for Retailers and Brands
The partnership leverages dunnhumby's AI-driven solutions and retail expertise and Bridg's innovative identity resolution and collaborative media solutions CINCINNATI & LOS ANGELES, May 08, 2025--(BUSINESS WIRE)--dunnhumby, the global leader in AI customer data science, and Bridg, the identity resolution and shopper intelligence platform powering the Rippl data and media network, today announced a strategic partnership. "We're thrilled to partner with Bridg to deliver unique retail media & loyalty solutions," said Leo Nagdas, Head of Corporate Development at dunnhumby. "Our combined capabilities help retailers and brands drive incremental customer value by delivering personalized, privacy-compliant, and relevant experiences across all channels." The partnership also addresses a critical challenge in the retail media sector: the disproportionate concentration of advertising investment. "Currently, 85% of U.S. retail media spend flow into the top two retail media networks," said Steve Dietch, Chief Revenue Officer at Bridg. "This leaves a significant gap for retailers who possess rich customer insights and valuable audiences but lack the holistic media strategy that Bridg and dunnhumby can now offer." This partnership will enable retailers to: Create new data assets by significantly expanding their first-party customer data using Bridg's exclusive identity resolution technology. Deepen customer understanding, enhance reach and elevate loyalty through dunnhumby's Shopper Insights Platform and loyalty and customer engagement suite. Maximize media monetization opportunities through a combination of dunnhumby's AI-powered Retail Media Platform and Bridg's Rippl retail media network. This partnership will enable brands to: Unlock access to uniquely calibrated audiences that drive your brand goals. Leverage national, regional, and custom segmentation options from dunnhumby and Bridg, including access to Rippl's 130 million+ shoppers with SKU-level purchase insights, and dunnhumby's industry-leading retail media data science and consulting expertise. Strategically allocate budgets across media networks. Implement a multi-network approach for optimal performance and see a strong return on investment. Deliver customer-centric omnichannel experiences at every touchpoint. Leverage a comprehensive inventory of digital and physical media to connect with shoppers seamlessly throughout their purchase journey. About dunnhumby dunnhumby is the global leader in Customer Data Science, empowering businesses everywhere to compete and thrive in the modern data-driven economy. We always put the Customer First. Our mission: to enable businesses to grow and reimagine themselves by becoming advocates and champions for their Customers. With deep heritage and expertise in retail — one of the world's most competitive markets, with a deluge of multi-dimensional data — dunnhumby today enables businesses all over the world, across industries, to be Customer First. The dunnhumby Customer Data Science Platform is our unique mix of technology, software and consulting enabling businesses to increase revenue and profits by delivering exceptional experiences for their Customers – in-store, offline and online. dunnhumby employs over 2,500 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, Procter & Gamble, Raley's, and L'Oréal. Learn more at About Bridg Bridg, a division of Cardlytics, Inc., is a unique identity resolution platform. Bridg converts transactions into knowable customers by leveraging in-store transaction data and our exclusive insight into the offline consumer behavior. Bridg customers benefit from expanded and enriched first-party data, access to new and unique customer insights, and enhanced personalization and targeting that leads to increased customer engagement and lifetime value. Bridg powers Rippl Retail Media Network, the largest consortium of regional grocers and convenience stores in the U.S. Brand advertisers and agencies gain access to a national network of over 130 million shoppers with precise targeting down to the category, brand and product level, and closed-loop campaign measurement tied to in-store revenue. View source version on Contacts Media contact: Theresa Smith, dunnhumbyemail: tls@ phone: 818-704-8481 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
