CEO Dan Schulman said volume skyrocketed 400%, which may foreshadow performance for the rest of the 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.
Usage of buy now, pay later (BNPL) services has soared across generations in the US, especially among Gen Z.
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.
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.
Cyber Monday remains the No. 1 shopping day, despite slowdown: A longer holiday shopping season and inventory issues produced lackluster spending, but record online sales are expected for the last two months of the year.
See the latest holiday shopping stories from Insider Intelligence
On today’s one-year anniversary episode of the Around the World show, we look at how holiday shopping this year will be—and won't be—different from last year. Tune in to the discussion as eMarketer principal analyst Bill Fisher hosts senior researcher Man-Chung Cheung and principal analyst at Insider Intelligence Karin von Abrams.
The card lets Mexican businesses with global workforces pay in currencies from any country where Mastercard operates.
More US consumers than ever say they aren’t spending on the holidays: The expected rebound in holiday shopping hides the fact that many consumers are keeping their wallets closed, while others are turning to buy now, pay later plans for gifts they can’t afford.
As comfort-buying furniture online continues to rise, the direct-to-consumer (D2C) home furnishing sector has exploded with growth and competition. Watch Industry Voices: Spotlight on D2C with Joybird’s vice president, marketing and business development Eric Tsai to hear how the La-Z-Boy-owned brand scales its custom furniture business by staying in sync with consumer expectations.