While retail sales growth is expected to slow this year, ecommerce sales will grow by double digits to reach $1.148 trillion, buoyed by online grocery, health and personal care, and online resale. Here are five charts on the categories, retailers, and channels driving ecommerce growth
Samsung has a golden opportunity to reverse its misfortune: Profits have plunged as inflationary pressures put its US expansion in jeopardy. Outdoing Nvidia on chips is a winning strategy.
US investors didn’t get the tech cold war memo: Generative AI frenzy defies odds as foreign investment heads to China’s tech sector despite sanctions. A global AI pact is needed.
SEA is a fast-growing region for digital adoption, with smartphones being the primary device used to access the internet. Despite this, the region is falling behind in overall internet adoption.
Its falling valuation and tapering growth show that payment firms must work harder to build volume and attract customers.
Banks need rapid response on social media: Pranks don’t rise to the level of unrestrained panic, but they do point out a communications problem.
Insurers are charging exorbitant premiums or demanding that banks meet tough minimum security requirements to obtain a policy.
Some are offering bonuses and high yields, but others are taking a more customer-oriented approach.
New app makes a play for Gen Z: As TikTok teeters on the verge of a ban in the US, Zigazoo is one social media app that is vying for market share.
The FTC and advertisers sized each other up at a Washington summit: FTC executives answered heated questions about changing privacy standards.
Google is pressing on with AI in search, and the industry braces for change: The landmark change for the search giant is causing distress among ad-reliant businesses.
Resale is ultimately better for the environment, but consumers tend to cite savings—not sustainability—as the most important reason for purchasing used goods.
Over the past month, we’ve seen ad updates from all the major players, from Meta’s generative AI ads to Google’s attempts to decrease clutter. Here’s what they mean for advertisers.
Warehouse inventory levels remain a significant hurdle for many retailers: While there’s progress, only 36% of supply chain managers expect inventories to return to normal this year.
Third-party logistics providers overtake retailers as the largest leasers of US warehouse space: More companies are turning to 3PLs to help with fulfillment as costs remain high.
China’s economic recovery is slower than expected: Lack of consumer confidence is hampering sales as households opt to pay off mortgages rather than shop. (This article was written with the assistance of ChatGPT.)
According to Piper Sandler’s 45th semi-annual survey of US teen consumers, Gen Z spending was up 2% YoY to $2,419 annually. We dig into some of the key findings from the survey and offer our perspective, including why Ulta Beauty is proof the “lipstick effect” is in full swing and how Amazon can keep up with platforms like TikTok.