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.
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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.
US Consumers to Prioritise Valentine’s Day Spending Read More »
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.
UK Retail Suffers as Payment Defaults Spike by 55% in 2023 Read More »
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.
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.
Small Retailers To Increase TikTok Marketing Budgets in 2024 Read More »
Retail Sales Volumes in UK Drop 3.2% in December 2023
Retail sales volumes in the UK experienced a sharp decline of 3.2% in December 2023, marking the largest monthly fall since January 2021.
Retail Sales Volumes in UK Drop 3.2% in December 2023 Read More »
Retailers Embrace AIoT Technology
Retailers are facing intense competition, compelling them to seek innovative ways to stand out. Prioritising customer service, efficient operations, and personalisation is crucial in this landscape.
US Data Shows 3.8% Increase in 2023 Holiday Sales
Core retail sales in the US experienced a 3.8% increase to $964.4bn during the 2023 holiday season, according to US Census Bureau data.
US Data Shows 3.8% Increase in 2023 Holiday Sales Read More »
AI Can Boost Small Business Efficiency by 40%, Says New Report
AI can boost small businesses’ efficiency by 40%, according to a recent survey by The Small Business and Entrepreneurship Council (SBEC).
AI Can Boost Small Business Efficiency by 40%, Says New Report Read More »
Steering Through the Red Sea Crisis: How E-Commerce and Industries are Adapting to Global Shipping Challenges
Discover the impact of the Red Sea crisis on global shipping and industries like e-commerce. Learn how businesses are adapting with alternative routes, diversified logistics, and advanced technologies for resilient supply chains. Stay informed with insights from Freightos Terminal and media outlets as industries navigate these challenging waters.
2024: Experts Predict Tough Start for UK Retail
Experts in retail from KPMG and RetailNext discussed their thoughts and predictions for the new year at the Retail Think Tank meeting.
China’s Economic News: China’s May CPI Edges up 0.2%, PPI Falls 4.6% YoY
China’s May CPI edges up 0.2%, PPI falls 4.6% YoY. Read on to know more latest economic news.
China’s Economic News: China’s May CPI Edges up 0.2%, PPI Falls 4.6% YoY Read More »
China’s Economic News: China’s Apr CPI Picks up 0.1%, PPI Falls 3.6% YoY
China’s Apr CPI picks up 0.1%, PPI falls 3.6% YoY. Read on to know more latest economic news.
China’s Economic News: China’s Apr CPI Picks up 0.1%, PPI Falls 3.6% YoY Read More »