On today's episode, we discuss how resale is taking retail by storm, what will happen to fast fashion, and how much companies need to do in terms of sustainability in the eyes of the consumer. We then talk about how retail growth is getting on halfway through the year, what the pandemic did to small businesses, and what technology retailers are (and are not) doubling down on. Tune in to the discussion with eMarketer director of forecasting at Insider Intelligence Cindy Liu.
Shopify Unite: At its annual developers conference, Shopify unveiled a flurry of updates to its merchant platform, offering sellers more ways to customize their online storefronts. The ability to create unique brand experiences is a key differentiator between Shopify and Amazon.
Walmart gets in on loyalty: Its partnership with cash-back platform Ibotta is likely an attempt to keep customers shopping online so it can continue to grow its digital ad business.
Sellers have more freedom to customize their online stores with new design and payment tools, which can help Shopify maintain its seller base after the pandemic subsides and ecommerce growth normalizes.
The payfac model is a framework that allows merchant-facing companies to embed card payments into their software—which in turn enables their customers to process payments.
Young shoppers mind brands’ social stances
NTWRK pushes live shopping in the US: The livestream-centric mobile marketplace is competing with giants like Amazon and Facebook as US companies emulate China and struggle to succeed in the fledgeling livestreaming ecommerce space.
Brexit-induced tensions: Six months after the end of the Brexit transition period, UK brands that sell online are reporting a significant loss of EU-based customers.
Consumers are still paying bills digitally more often than before the pandemic, extending a valuable volume opportunity for issuers, card networks, and digital wallets.
Etsy's spending spree: The company acquired Elo7, a Brazillian marketplace, only weeks after acquiring resale marketplace Depop. The acquisitions could help keep its pandemic-driven growth rate up.
Splitit partnered with UAE-based BNPL provider tabby, and Singapore-based fintech Fave launched its BNPL service in Singapore and Malaysia as global appetite for installment lending services increases.
On today's episode, we discuss online shopping: Which countries are growing the fastest around the world and why, how D2C brands are changing things up, and how do we solve for all the extra waste created from the ecommerce boom. Tune in to the discussion as eMarketer principal analyst Bill Fisher hosts principal analyst Paul Briggs and research analyst at Insider Intelligence Man Chung Cheung.