TikTok aggressively courts sellers: The company aims to grow its social commerce sales by offering merchants free listings and shipping, along with zero commissions.
JD.com, Alibaba bet on grocery as China’s economic recovery stalls: Both companies hope demand for necessities will offset slowing ecommerce sales.
New vehicle sales grew between 12% and 14% in the first half of 2023: By exceeding analysts’ expectations, the auto sector is providing more evidence that the US economy remains fairly strong.
The FTC gets serious about cracking down on fake reviews: A new rule would punish companies that attempt to deceive customers using fake or misleading reviews.
On today's episode, we discuss how time spent on smartphones is changing, what people do on different devices, and what digital time spent in your car might look like. "In Other News," we talk about the significance of Amazon's Sidewalk network and what to make of two new pieces of potential AI legislation. Tune in to the discussion with our analyst Yory Wurmser.
Pride Month draws business support despite anti-LGBTQ+ sentiment: 2023 brought hard lessons for some brands.
A growing share of parents is looking for back-to-school deals: As consumers are generally resigned to spending more this year, 69.5% are hunting for sales and coupons.
Shoppers really hate waiting in lines: Eighty-two percent of consumers avoid going to businesses with lines, while longer waits are making both shoppers and employees unhappy.
Some 29% of US adults are taking less expensive trips this summer due to inflation, according to Bankrate. Slightly fewer (28%) are engaging in cheaper activities as inflation, which has cooled slightly, wears on.
Adding Tap to Pay functionality will help PayPal attract more SMBs and better compete against other providers that are doing the same
The acquisition will help the card giant grow its presence in South America
The “gift card” keychains replace single-use cards and can encourage repeat use among recipients
As more retailers recognize the value of leveraging their first-party data, the global retail media market will continue to expand and innovate. While the US leads the charge with $45.15 billion in spending this year, according to our forecast, other regions are showing similar patterns. In fact, Latin America is only four to five years behind the US, said our analyst Matteo Ceurvels on our “Behind the Numbers: Around the World” podcast.
US ecommerce marketplaces will account for $384.57 billion in sales this year, a growth of 10.2% over 2022, according to our forecast. That growth will accelerate through the end of our forecast period in 2027, at which point sales will surpass $600 billion. “Amazon has really written the playbook for operating a successful marketplace in the US,” said our analyst Sky Canaves. Here’s a closer look at how the three biggest US ecommerce marketplaces stack up.
China’s rebounding luxury market will give global sales a boost: Personal luxury sales are forecast to grow between 5% and 12% this year.
US retail sales are falling back to Earth: After years of massive growth rates, we expect US retail sales to increase 2.9% this year.
Kroger brings retail media in-house: The grocer ended a yearslong partnership with Microsoft in a move that won’t be the last of its kind.
Creators descend on the Croisette: Influencer marketing spending is increasing as ad budgets remain tight.
Coupled with other loan and banking updates, the card can help Square tighten SMB relationships
WeChat Pay and Alipay users can now link foreign credit cards to their platforms