Inside Retail

MARCH 29, 2022

Social commerce, or purchasing products and services within social platforms, represented just 4 per cent of the US retail e-commerce market in 2021. Millennials’ and Gen Z’s reliance on social media and willingness to make in-app purchases are fuelling wider adoption – and a sort of transformation.

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Social Commerce Advertising Checkout Shopping 130

Retail TouchPoints

AUGUST 3, 2022

The digital innovation fund was first announced at the retailer’s Investor Day event in October 2021, and since then the fund has already made a number of investments in start-ups including Haut.ai , Adeptmind , Revea , LUUM and ReStyle.

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Social Commerce Accounting Marketing Planning 298

Inside Retail

JULY 26, 2021

Yves Saint Laurent partnered with China Duty Free Group to bring its #Claimyourlove campaign to Hainan on China’s Valentine’s Day 2021, launching a sweat-proof, all-weather foundation at the tropical paradise. On June 2021, Chinese beauty brand Florasis introduced its namesake to connect with online audiences.

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Independent Retailer

FEBRUARY 15, 2022

trillion set in 2021, to a predicted $5.42 Social commerce is a subset of ecommerce, and harnesses the purchasing power of young customers on innovative new retail platforms. With this in mind, how do online sellers capitalize on social commerce trends, and what preparation must be made to ensure success in 2022?

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Social Commerce Payment Services Marketing Fulfillment 88

Retail TouchPoints

APRIL 21, 2021

Pinterest also is launching multi-feed support for Catalogs, a new feature that will help businesses easily upload their products in multiple product feeds within the same Pinterest Business account. Shopify merchants, as well as any retailer with a Pinterest business account, can now add up to 20 product feeds to their account.

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Retail TouchPoints

SEPTEMBER 14, 2022

Unfortunately that ancient (1989) bit of cinematic wisdom hasn’t exactly held true in the modern field of social media, where platforms including TikTok , Facebook and Instagram are increasingly pulling back on social commerce initiatives that have failed to attract enough of the right players. is livestream shopping.

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Retail TouchPoints

AUGUST 1, 2022

“It’s interesting that TikTok has allowed a ‘capital C’ corporation to be involved, but I think it stems from the fact that Barnes & Noble was the very first retailer to identify that #BookTok was a driving factor in book sales ,” said Jessica Brigman, Senior Account Executive at The Walt Disney Co. ’s Merchandising the #BookTok Movement.

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Retail TouchPoints

JUNE 22, 2022

Shopify has launched a number of new integrations aimed at helping retailers meet shoppers wherever they are — across social media, stores and in-person events. billion Tweets mentioning business globally in 2021 alone. The integration can help retailers access Twitter’s untapped demand — there were 6.5

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Merchant Services Payment Services Social Commerce Shopping 289

Retail TouchPoints

JULY 30, 2021

accounted for $5 billion of Alibaba’s total $74.1 billion in 2021, making up 37.4% of all social commerce sales this year. Account for the Scale and ‘Flash Sale’ Vibe of 11.11 And while you can’t just set up a Tmall account like you can an Amazon one, the platform is no longer invite-only. In fact, the U.S.

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Merchant Services Accounting Social Commerce Payment Services 279

Retail TouchPoints

JULY 9, 2020

China’s influence on the luxury market is significant, accounting for 35 % of luxury purchases worldwide, according to Willersdorf. Political social media accounts such as Diet Prada are tapping into their passionate communities to raise awareness and demand tangible change from the top down. Source: Instagram, Diet Prada).

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Clienteling Consumer Accounting Boutique 311

Retail TouchPoints

MAY 6, 2021

2020 could easily be considered a breakout year for social commerce. Consumers reported spending 45% more time on social media in Q4 2020, and orders coming from social-referred channels (including paid ads and organic posts) grew by 50% year over year, according to data from Salesforce.

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Beauty and Health Accounting Social Commerce Advertising 197

Retail TouchPoints

OCTOBER 21, 2022

McKinsey calls this embedded finance — when a financial product or solution is placed in a non-financial setting, for example on a social media platform or in a store (private label credit cards are one old-school example). alone in 2021 and has the potential to double in the next three to five years. Denise Leonhard, VP and GM, Venmo.

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Merchant Services Payment Services Checkout Finance 338

Retail TouchPoints

JANUARY 25, 2022

But while it was one of the buzziest topics of 2021, and looks to stay that way in 2022, the metaverse itself isn’t a new concept. According to Napoli, as of November 2021 only 31% of U.S. In Q3 2021, NFT trading reached $10 billion , up 704% from Q2 2021, said Napoli. The space has seen huge growth in the last year.

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Consumer Fashion Accessories Apparel 298

Inside Retail

MAY 29, 2022

Online marketplaces such as Lazada, Shopee, Tiki and Tokopedia dominate the e-commerce market in Southeast Asia, accounting for 65-75 per cent of the e-commerce Gross Merchandise Value (GMV) in Indonesia, Malaysia and Singapore, and 35-50 per cent of GMV in Thailand, Vietnam and the Philippines, Google’s e-Conomy SEA 2021 shows.

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Social Commerce Consumer Shopping Grocer 130

Inside Retail

MAY 2, 2021

Aaron Fidler, head of retail and commerce account management at Mastercard Australia, says the company’s latest Recovery Insights research shows that “roughly 20-30 per cent of the global Covid-related shift to digital is expected to be permanent. Brands must strive to be genuine, authentic, accountable and trustworthy.

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Consumer Social Commerce Shopping Returns 200

Retail TouchPoints

NOVEMBER 23, 2021

will reach $11 billion this year and continue to grow steadily, accounting for $35 billion in sales and 3.3% of all U.S. In China, livestream shopping will bring in an estimated $300 billion in sales this year alone, and Coresight Research estimates that the livestreaming market in the U.S. ecommerce by 2024. .

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Shopping Accounting Promotions Consumer 277

Inside Retail

MARCH 20, 2024

China is the world’s largest retail market, accounting for almost 50 per cent of global retail transactions. Estimates suggest China’s social commerce market enjoyed a 40.25 per cent increase from 2021 to 2022 and is expected to grow at 17 per cent per year between 2021 and 2025, topping $1 trillion in annual sales in 2023.

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Retail TouchPoints

MAY 9, 2023

To reach its GHG reduction goal, for example, the company is “embedding science-based targets into decarbonization efforts” to “set impactful and realistic goals that align with a global climate agenda and hold ourselves accountable for sustainability commitments,” according to a statement.

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Retail TouchPoints

SEPTEMBER 26, 2022

livestreaming ecommerce market will grow to $65 billion in 2026 , which will account for 5% of all ecommerce sales. Not only will “going live” get you more organic reach across social media, but it also delivers the type of content your shoppers prefer, which makes their user experience better. Live Shopping is Here to Stay.

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Consumer Shopping Shipping Accounting 264

Small Biz Trends

JULY 8, 2021

What do the latest retail statistics tell us about retailing in 2021? Are you thinking about how the US retail trade industry fared during the first quarter of 2021? trillion in the first quarter of 2021. trillion in 2021. Considering these retail stats, you can expect that the future of retail will be bright in 2021.

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Specialty Store Specialty Retailers Social Commerce Advertising 138

Retail TouchPoints

NOVEMBER 10, 2023

While they are essentially the same thing, many industry experts believe the term “commerce media” offers a more accurate definition of what these new advertising platforms are able to do. For example, Macy’s RMN hit the market in 2020 and was able to generate $105 million in revenue by the next year, 2021.

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Advertising Marketing Social Commerce Consumer 298

Retail TouchPoints

JANUARY 4, 2023

Born on Instagram in April 2021 in the depths of the pandemic, the brand already has a thriving online business via its website and Amazon. Chan turned it into a post, which ended up accounting for almost 80% of content-driven conversions for the product she was showcasing. Now it also appears on that product’s PDP pages. “We

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Marketing Consumer Accounting Social Commerce 290

Retail Geek

APRIL 30, 2021

Episode 262 of the Jason & Scot show was recorded on Thursday April 30, 2021. when we only had 23 percent using a digital wallet you go man if digital wallets catch on in us and continue to grow like this that’s going to open the door to a lot of new Commerce experiences like social commerce. Transcript.

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Fulfillment Payment Services Merchant Services Shipping 98

Inside Retail

JUNE 17, 2021

According to a 2019 study by McKinsey, young Chinese consumers will account for 65 per cent of the growth in luxury fashion and accessories globally heading into 2025. As a result, social commerce is no longer considered a separate shopping channel. There can be no doubts about the opportunity.

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Payment Services Fulfillment Specialty Retailers Consumer 113

Indigo 9 Digital

MAY 6, 2022

billion annual active customers last year while JD.com had 552 million active accounts in the year ended September 2021. In the fourth quarter of 2021 Alibaba generated revenues of $37.6 China has the largest market for social commerce. It is estimated that social commerce sales in China reached $351.7

Merchant Services 52

Merchant Services Marketing Payment Services Social Commerce 52

Retail TouchPoints

JULY 2, 2021

Executives from a who’s who of retailers, social networks and even advocacy groups shared their visions of retail’s future at NRF Converge 2021 , held June 21-25. Following the murder of George Floyd in May 2020, brands and retailers were eager to show solidarity and support.

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Merchant Services Customer Experience Marketing Consumer 198

Inside Retail

AUGUST 8, 2021

Transforming cities and the way people get around them means ensuring equal access to all, regardless of ability, background or bank account. IR: Are there any e-commerce, social commerce or consumer trends that the company is interested in right now?

Social Commerce 147

Social Commerce Marketing Planning Accounting 147

Rangeme

SEPTEMBER 28, 2021

Worldwide, the average consumer between the ages of 16 and 64 spends 145 minutes per day on social media. 1 Daily time spent on social networking by internet users worldwide from 2012 to 2020. January 2021. A recent survey found 72% of respondents are more influenced to shop via social media now compared to a year ago.

Advertising 52

Advertising Shopping Consumer Social Commerce 52

Retail Geek

JUNE 25, 2021

A weekly podcast with the latest e-commerce news and events. In episode 268 is a recap of Amazon Prime Day 2021 featuring David Spitz, CEO of ChannelAdvisor. He joins us this week to share ChannelAdvisor data from Amazon Prime Day 2021. This year Prime Day is earlier than usual on June 22-23, 2021. Transcript.

Apparel 66

Apparel Advertising Marketing Fulfillment 66

Retail Geek

AUGUST 20, 2022

Checked out on Tick Tock in huge quantities yet but it’s super interesting the Amazons kind of approach to social commerce, is get content creators and influencers and sellers. versus 2021. A lot of people get interested in buying products through tick-tocking us they haven’t necessarily like.

Consumer 83

Consumer Wholesale Drop-Shipping Social Commerce 83

Retail Geek

JANUARY 6, 2023

Matt: [2:02] Yeah have you too I like to think about my career or having two careers to date the first one was, very foundational for what I’m doing now but very quantitative, process-oriented mechanical engineering patent law Manufacturing, Ops Consulting things that had nothing to do with retail or fashion or e-commerce and then I. [2:32]

Merchant Services 52

Merchant Services Consumer Fashion Marketing 52

Retail Geek

APRIL 9, 2021

Ted: will headless commerce take off in 2021? Scott Silverman: What do you think will be the most surprising post-pandemic consumer behaviors that e-commerce retailers should prepare for? Episode 259 of the Jason & Scot show was recorded live on Thursday April 8, 2021. 32:46] The digital disruption of Commerce means.

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Merchant Services Social Commerce Consumer Payment Services 98

Retail Geek

MARCH 31, 2021

Episode 258 of the Jason & Scot show was recorded live on Monday March 29, 2021. Jason: [0:24] Welcome to the Jason and Scott show this is episode 258 being recorded on Monday March 29th 2021 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scot Wingo. Transcript.

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Beauty and Health Apparel Merchant Services Marketing 59

Retail Geek

JULY 9, 2021

Jeff Bezos steps down Amazon offers it’s multi-channel fulfillment (MCF) to Big Commerce customers. Shopify Unite 2021 Instagram leans into commerce Nike earnings Warby Parker IPO. Episode 269 of the Jason & Scot show was recorded on Thursday July 8, 2021. Social commerce and the the sleeper is.

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Retail TouchPoints

OCTOBER 6, 2021

will reach $11 billion this year and continue to grow steadily, accounting for $35 billion in sales and 3.3% As an example, Arakov pointed to startup skincare brand Covey , which launched in March 2021 and debuted a livestreaming campaign in July on the beauty-focused shopping app Shop LIT Live. of all U.S. ecommerce by 2024.

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Retail Geek

JANUARY 7, 2022

A weekly podcast with the latest e-commerce news and events. Episode 284 is our annual predictions episode for 2021 and a recap of our 2021 predictions. 2021 Predictions Recap. Bonus – More store closures in 2021 than 2020. commerce penetration says at 16% or better in 2021. Yes spac/ipo?

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Merchant Services Payment Services Drop-Shipping Apparel 98