The tight labor market is empowering retail workers: Boosting pay can help retailers retain staff and ensure they’re providing a good customer experience.
TikTok’s ecommerce priorities are clear with expansion into Southeast Asia: Parent company ByteDance hopes to turn social media users into social commerce adopters.
Despite losses surging more than 300%, Klarna’s gross merchandise volume grew 42% YoY, and it hit 147 million active consumers.
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.
Digital habits were supercharged through the pandemic. For those who had been around digital for much of their lives, however, the suddenly crowded digital ecosystem became a smorgasbord for them to snack on. And younger, more digital generations appear to be quite picky.
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.
Investors—and shoppers—appreciate diversity in grocery: Specialty grocer Weee! raises $425 million to further its expansion into underserved markets.
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.
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.
It reported a strong Q4 and outlined how it plans to use Afterpay to drive growth across its businesses.
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.