For holiday shopping, 56% of US consumers prefer online-only retailers, and 49% favor mass merchants, according to Deloitte. Off-price retailers rank No. 3 on this list, nearly tied with the remaining four retail formats.
Switzerland eyes draconian grid-saving measures: Amid a European energy crisis that’s growing dire as winter approaches, officials are considering an EV ban. Incorporating hydrogen and advanced solar is another option.
There’s still money in grocery delivery: But investors are prioritizing sustainable growth over rapid expansion.
Health and personal care will be the third-fastest-growing ecommerce sales category this year, growing 22.1% year over year, according to our forecast.
US consumers continue to spend: But they’re increasingly selective about their purchases, which is bad news for retailers selling pricey goods such as consumer electronics.
China eases COVID-19 mandates: Restrictions are lifting as Beijing softens its stance on zero-COVID, but uneven implementation, worker shortages, and production migration could prolong economic recovery.
Warner Bros. Discovery cuts through a brand crisis: The media giant is naming its merged streaming service “Max,” keeping brands like HBO in their own hubs.
2022 was a year of struggle—and innovation—for restaurants: But 2023 won’t be much easier as inflation causes consumers to cut back on dining out.
Retailers look to gain incremental sales via resale: eBay UK (via a partnership with ACS) and Archive both look to make it easier for companies to enter the growing space.
Tech’s recession another blow to Gen Z: After pandemic disruptions, career paths are foiled by tech’s upheaval. More schooling and work in other sectors have consequences for the tech industry.
The AI-powered client portal combines the bank’s services and products in one place. All eyes will be on the customer transition.
Regulators try another angle to claim authority over crypto markets and lay down the law.
Walmart, TalkShopLive, Qurate expand livestream commerce options to bring in holiday shoppers: But celebrity guests may not be enough to overcome limited consumer adoption and awareness.
Balenciaga takes corrective steps after ad outcry: Brand apologizes and looks to improve content oversight with new image board.
The American Free Enterprise Chamber of Commerce introduced an ad campaign in opposition of the Credit Card Competition Act.