Despite higher interest in credit cards, customers are paying off their balances faster, which could complicate issuers’ profitability goals.
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Fashion online resale platform sales will reach $30.63 billion by 2025, growing at an estimated 24% CAGR and representing 10% of all ecommerce apparel and accessories sales.
Insider Intelligence spoke with Jim Hilt, president of Shutterfly, which when combined with recent acquisitions Snapfish and Spoonflower, reaches more than 21 million customers.
In this Meet the Analyst Webinar, Insider Intelligence’s Andrew Lipsman, eMarketer principal analyst, and Blake Droesch, eMarketer analyst, will discuss the top 5 trends to watch in 2022
Buy now, pay later gains popularity—and new providers—as customers resume in-store shopping this holiday season.
Publishers are wary of Amazon Live, citing growth and revenue issues: The ecommerce giant’s live shopping product lacks the native audience of other platforms looking to get in on the social commerce wave.
CEO Dan Schulman said volume skyrocketed 400%, which may foreshadow performance for the rest of the season.
Single’s Day—China’s annual shopping extravaganza in November—is the world’s biggest shopping event, with an estimated RMB 965.1 billion ($139.83 billion) in sales in 2021, according to the China e-Business Research Center. It is also changing the way consumers shop by showcasing new retail concepts such as the metaverse, nonfungible tokens, sustainability, and agile commerce.
Usage of buy now, pay later (BNPL) services has soared across generations in the US, especially among Gen Z.
As customers limit credit card use to avoid debt, here’s how credit issuers can regain volume for the rest of the season—especially in-store.