Despite losses surging more than 300%, Klarna’s gross merchandise volume grew 42% YoY, and it hit 147 million active consumers.
The Russia-Ukraine crisis puts further strain on already-burdened supply chains: Companies are withdrawing or suspending their operations in the region in response to continued conflict and economic sanctions.
TikTok’s ecommerce priorities are clear with expansion into Southeast Asia: Parent company ByteDance hopes to turn social media users into social commerce adopters.
India’s ecommerce market poised to keep booming: The pandemic spurred fast adoption of digital channels, and the country is set to reach $100 billion in online sales next year.
‘Store within a store’ concepts help retailers reach new customers: Citing incremental sales gains, Target and Kohl’s double down on their partnerships with Ulta and Sephora.
Amazon launches an environmentally friendly product line: The move could help the retail giant reposition its catalog toward more sustainable products.
Of the 10 biggest digital retailers in the US, Carvana will see by far the fastest ecommerce sales growth this year. The online car dealer is poised to increase sales by 50.0% to hit $19.11 billion in 2022. This speedy growth will blow past Target’s 22.3% bump and Apple’s 22.0% boost.
It reported a strong Q4 and outlined how it plans to use Afterpay to drive growth across its businesses.
Etsy risks alienating sellers with fee increases: As ecommerce growth slows, the online marketplace tries to maximize revenues in the most cost-effective way possible.
Instacart continues to diversify as competition grows: The platform’s partnership with Lowe’s allows both companies to provide greater value to consumers and catch up with rivals.
Large brands shift their focus to direct sales: Meanwhile, many digital-native retailers are turning to wholesale as they look for cost-effective ways to attract new customers.
Brands look to better serve minority audiences: The growing buying power of US Hispanic, Black, and other communities of color means diversity can be good for business.
The most relevant brands don’t necessarily skirt controversy: Peloton and Spotify rank second and third in Prophet’s annual study, with Apple keeping the top spot.
Alibaba’s stranglehold on ecommerce in China is loosening: The company’s earnings disappointed amid weakening consumer demand, robust performances from rivals, and more scrutiny from Beijing.