Labour Market and Interest Rates Key to US Retail Performance in 2024
What happens with the US economy and retail sector in 2024 depends on the labour market and the Federal Reserve’s approach to interest rates.
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Breaking news on cross-border trade from Alibaba.com.
Decathlon Launches Immersive Shopping App for Apple Vision Pro
Global sporting goods retailer Decathlon has announced the launch of an immersive shopping app specifically designed for Apple Vision Pro.
Apple Vision Pro: Four Industries That Could Be Affected
Apple’s long awaited augmented reality headset, the Vision Pro, has finally arrived in the US – how will specific industries be affected?
UK Retail Footfall Drops 2.8% YoY in January 2024
Retail footfall in the UK for January 2024 declined by 2.8% year-on-year (YoY), according to the BRC and Sensormatic IQ.
Only a Third of UK Retail Businesses Have a Growth Plan
A new study of almost 2,000 decision-makers has found that retail businesses in the UK retail sector are falling short on a growth plan.
Amazon Tightens Control of UK Online Retail as Sales Accelerate
Amazon has shrugged off newcomers to the UK retail market, highlighting a proposition that can weather changing consumer habits with ease
Amazon Unveils AI Shopping Assistant Rufus
Amazon has revealed Rufus, an artificial intelligence-powered shopping assistant positioned to transform the online retail experience.
Amazon Reports 12% Net Sales Rise in 2023
US e-commerce giant Amazon has reported $574.8bn in net sales in full year 2023 (FY23), up by 12% from $514.0bn in 2022.
US Consumers to Prioritise Valentine’s Day Spending
An annual survey by the National Retail Federation finds that total spending on Valentine’s is expected to reach $14.2bn in 2024.
UK Retail Suffers as Payment Defaults Spike by 55% in 2023
Atradius, a UK-based trade credit insurer, has painted a grim picture for the retail sector in its latest report on payment default trends for 2023, revealing a staggering 55% increase in late and failed payments affecting businesses nationwide over the past year.
News Flash Collection (Feb 06): Amazon Faces New U.S. Regulations, eBay Supports Storm-Hit UK Sellers
Today’s global e-commerce sector shows Amazon’s regulatory challenges in the U.S., eBay’s measures to aid storm-affected UK sellers, and other significant updates.
How Live Shopping Is Reshaping Retail Dynamics
Steven Hubbard of Sprii delves into the future of retail and the symbiotic relationship between live shopping and conventional stores.
E-commerce Daily Update (Feb 05): Jeff Bezos to Sell Amazon Shares, Shopify Unveils Semantic Search
Bezos’s plan to sell a substantial number of Amazon shares and Shopify’s introduction of a new AI-powered semantic search feature.
US E-commerce Daily Update (Feb 04): Amazon’s Staggering Profit Growth, TikTok’s Revenue Milestone
Dive into today’s top stories in the US e-commerce sector, featuring Amazon’s remarkable financial results and TikTok’s impressive revenue achievements.
Small Retailers To Increase TikTok Marketing Budgets in 2024
A new survey finds that 96% of small to medium retailers receive more engagement through TikTok marketing than on Instagram.