article thumbnail

Why DoorDash & Other Delivery Apps Struggle with Profitability

Indigo 9 Digital

In the third quarter of 2022 DoorDash paid $446 million in marketing expenses or 35% of revenues. A healthier rate of marketing spend would be around 10% of sales. In 2019 DoorDash spent 101% of its revenues on marketing in the first quarter a few months before it passed Grubhub in market share. "We

article thumbnail

Retail Statistics You Should Know

Small Biz Trends

My friend, the future of retail is bright and you can rest assured that the retail apocalypse is not going to happen anytime soon. We have compiled all the critical shopping statistics here to help you keep up with the latest retail trends. Let’s explore: Shopper Demographics. image: FIRST INSIGHT.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Direct to Consumer Brands Struggle with Profitability

Indigo 9 Digital

That is significantly higher than what companies typically spend on sales and marketing. Take department store Kohl’s, last year its marketing costs were only 4.9% A survey by Gartner found the average marketing spend as a percentage of a company’s revenue was 6.4% of revenue. At one point Casper was valued at $1.1

article thumbnail

How to Market Your Brand During a Recession

Rangeme

Also, consider whether simplifying your marketing strategy by streamlining your SKUs could free up your team to focus on promoting only your bestsellers and unique products. Invest more in marketing. When recessions hit, too many companies make the knee-jerk reaction of cutting their marketing spend. 7 Price, Seth.

article thumbnail

Burger King’s Turnaround Strategy, 4 Things You Need to Know

Indigo 9 Digital

More marketing spend. If you do subscribe to our retail trends newsletter to get the latest retail insights & trends delivered to your inbox. “We added menu items … that were more difficult and not necessarily intuitive and typical for us to serve.” Do you like this content? Greater international growth.

article thumbnail

Wayfair’s Strategy – 7 Compelling Facts You Need to Know

Indigo 9 Digital

If you do subscribe to our retail trends newsletter to get the latest retail insights & trends delivered to your inbox 5. Wayfair’s customers who shop infrequently put pressure on marketing spend. You need a way to make the model work.” Do you like this content?