Prime Day, again

Amazon got the week off to a roaring start by making long-rumored news official: A second deals event for Prime is coming October 11-12. This one is called Prime Early Access Sale, and it’s being positioned as a kickoff to the holiday season. While reports indicate Amazon has already been in touch with many merchants about sending in deals and inventory, brands will still have to decide whether and how they want to participate.

The takeaway: Embedded in this new shopping holiday is a bid to shift holiday shopping earlier. Amazon isn’t alone in this, as Walmart will kick off discounts on Oct. 1, and Target is holding its own Deal Days event Oct. 6-8. But only Prime Day has shown the power to bend the calendar to Amazon’s will, while delivering for consumers who have been so far unable to resist a deal. With a second edition, the closest competition isn’t other retailers. It’s Black Friday.

Crossover appeal

In-store shopping is on the rise this year, and it’s expected to be a bigger part of the holidays, NPD reported. But there will still be plenty of tech involved. Shopify released an updated point-of-sale for brick-and-mortar retailers as it saw offline GMV rise in the second quarter. This comes just after Instacart released a host of new tools for in-store grocery shopping, such as smart carts and out-of-stock trackers. We also spoke with Kadro CEO Rick Johnson about his learnings from years of helping retailers implement buy online pickup in store, or BOPIS.

The takeaway: The return to traditional in-store shopping underscores the importance of aligning brick-and-mortar and ecommerce operations. Inventory is going to become a big talking point.

Talking shop

New shopping features for users were among the highlights at Google’s Search On conference, which rolled out a host of updates to the world's largest search engine. Overall, the features are designed to provide a more visual experience, and bring the trends and research that Google already has onhand into the shopping experience.

The takeaway: We’ve been watching Google talk more about prioritizing shopping over the last year as it made updates to give brands more tools and revamp ad upgrades with Performance Max. The user-facing updates appear to aim to embed shopping within the search experience, rather than relying on a specific tab. These features arrive in the same week that Instagram is beginning to test a previously-reported change that would remove the Shop tab from the home feed. It seems that platforms are looking to make shopping a built-in part of the user experience.

Not now for Apple Pay Later

Apple made a big splash back in June when it announced it would roll out a Buy Now Pay Later service with iOS 16. But, as Bloomberg’s Mark Gurman noted, iOS 16 arrived, and there was no Apple Pay Later to be found. Engineering issues were cited as the reason, but Apple gave no official word.

The takeaway: This comes at an unsettled moment for BNPL as a whole. Inflation could be a boost to these services as consumers look to stretch dollars, but falling interest rates will likely cut into profit margins. Klarna recently made a second round of layoffs. Affirm and Afterpay are looking for expansion in Canada. Meanwhile, regulation looms and Apple’s entrance looms. Is consolidation in the market next?

Health check

For the first time in 50 years, the White House held a conference focusing on nutrition, hunger and health this week. Given the food focus, it’s no surprise that CPG and grocery were well-represented, and took this moment to make a splash. Instacart rolled out a sweeping health initiative that included product updates, partnerships, policy planks and new research. Shipt and Albertsons each made pledges to fight food insecurity. Meanwhile, the White House rolled out a new proposal to add front-of-package food labels and change how items are classified as healthy.

The takeaway: While that proposal will likely see plenty of debate and we’ll have to see how companies follow up on their pledges, it’s striking how the act of holding a conference can bring this much policy engagement from the industry. When you’re the White House, just inviting people over is a meaningful act, in and of itself.

The rundown

Quick hits: J&J’s consumer health company has a name. Mondelez seeks “disruptively delicious” startups. Walmart builds in Roblox. Macy’s launches a third-party marketplace. Sephora adds same-day delivery subscription. H&M could start charging for returns. Peloton will grind into Dick’s. Lululemon looks in the Mirror. Retextion and RetentionEngine merge.

Earnings: Nike beat estimates but earnings were weighed down by continued excess inventory and supply chain issues. Bed Bath and Beyond sales were down 28%.

Economy: PCE inflation jumped more than expected. Consumer confidence and sentiment are improving. New home sales rose unexpectedly. Core capital goods orders surged.

Thread of the week: Walmart+ is the biggest consumer product no is talking about.

Weekend reading: User reviews are much less important for DTC sites.