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.
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.
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.
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.
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.
Customers can save their payment details to enable faster ordering across the Olo Pay network.
After more than doubling in 2020, US click-and-collect sales growth slowed to 9.7% in 2021, totaling $80.28 billion in sales.