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Author: mattonegiallo   😊 😞
Number: of 48453 
Subject: Temu market share
Date: 09/09/2024 11:41 AM
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From an FT article, seems Temu is stealing some market share within discount, according to Earnest (they track CC data)
Excerpt from article:"In the space of two short years, its share of US discount spending has gone from zero to 17 per cent, according to consumer data analytics firm Earnest Analytics."
DG's fell from 63% to 52% and DLTR from 25.5% to 19.%

https://www.ft.com/content/ac297f38-ffeb-4761-a79d...


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