Even an ecommerce slowdown isn’t enough to break Amazon’s stride: The company reported strong sales and ad growth as it leans harder on Prime Day to drive momentum.
Ariel Kaye, founder and CEO at Parachute, spoke with Insider Intelligence about creating a lifestyle brand within the competitive home market category.
There will be about 94 million users on TikTok by the end of this year. As the platform pushes further into commerce in the US, our Reimagining Retail podcast team weighed in on which communities are having the greatest impact.
Southeast Asia is home to the three fastest-growing ecommerce markets in the world. This year, Singapore will post 36.0% digital sales growth, while Indonesia will see an increase of 34.0% and the Philippines, 25.9%.
The economy looks very different to high-income consumers: Luxury sales continue to soar, while lower-income shoppers rethink their priorities.
Volume increased 12% YoY in its fiscal Q3 and was at 136% of 2019 levels—though inflation likely played a role.
Google Shopping stands to benefit from external factors that will draw more shoppers to its platforms.
Fanatics expects its collectibles business will generate $1 billion this year: The company signed deals with Netflix and Legendary Entertainment as it expands into pop culture.
There’s a new container ship backup: Demand surged earlier than usual as several large retailers moved up their holiday imports to (ironically) avoid supply chain disruptions.
McDonald’s takes a personalized approach to value to drive sales: The fast-food company is relying on targeted promotions to soften the blow of higher prices.
While Nordstrom hasn’t seen its customers cutting back, it could be only a matter of time before the recession comes for the department store.
Walmart looks to benefit from consumers’ shifting spending patterns: The retailer giant is working with health and wellness hospitality company Getaway to develop small general stores at some travel outposts.
Adding functions for small sellers’ convenience can help shore up its business, but it could also foreshadow Amazon’s broader payments strategy.