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. billion in sales in 2022. Here’s who we expect to dominate live shopping and social commerce in 2022. That wasn’t always the case.

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Inside Retail

JANUARY 16, 2022

During periods of lockdown, social media emerged as a key form of communication, opening an opportunity for retailers to accelerate the development of social commerce in the APAC region. China continues to lead the world in social commerce. This growth was largely driven by Covid-19.

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Independent Retailer

FEBRUARY 15, 2022

trillion in 2022. Social commerce is a subset of ecommerce, and harnesses the purchasing power of young customers on innovative new retail platforms. In 2021, social commerce sales increased by over 35 percent, totaling a spend of over $36 billion, still only 10 percent of what the Chinese market will spend. .

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Retail TouchPoints

SEPTEMBER 2, 2021

A retailX panel of social media and influencer experts had a candid conversation about how influencers are driving the maturity of social commerce, which is expected to reach $36.09 Before rising in the influencer ranks with her account @NYCfitfam, she had approximately 20 years’ experience in public relations. “I

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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

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. Our partnership with Twitter, and the launch of the Twitter sales channel, will let merchants seamlessly bring commerce to the conversations they’re already having on the platform.”.

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Retail TouchPoints

JANUARY 24, 2023

Social shopping is becoming more and more popular given the surge in social media usage and the ease of completing a transaction without ever leaving the app. It’s no surprise that social commerce sales are expected to reach $45.74 billion in 2022. Based on November 2022 data, Twitter is No.

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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

OCTOBER 10, 2023

eMarketer expects retail mobile commerce sales to account for 43.4% In 2024, mobile commerce sales are expected to hit $534.18 billion in 2022. For example, traffic from influencers originates across a variety of different sources, with organic posts by influencers on social media accounting for the majority of traffic.

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Retail TouchPoints

AUGUST 6, 2024

ecommerce market with TikTok Shops, delivering the most complete social commerce experience to date. in Sept 2022. While Amazon might offer a discount to all customers, Shein and Temu treat sales and coupons as gated assets, with discounts typically only available for shoppers who open an account.

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Retail TouchPoints

JUNE 13, 2023

As competition from TikTok and other social media players has increased, YouTube is continuing its ongoing push to keep creators from leaving for greener pastures by helping them make more money more quickly. that earned a majority of their revenue from fan-funding products increased more than 20% in December 2022 compared to the prior year.

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Retail TouchPoints

MAY 20, 2022

“There are different ways to join a family business — some people go in guns blazing, but that’s not really me,” he said during a session at the NRF Big Show earlier in 2022. The company’s wholesale business is still thriving, but now it’s only part of an omnichannel strategy that includes ecommerce , social commerce and marketplaces.

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Retail TouchPoints

JULY 19, 2022

One of the groups identified in the suit is “Amazon Product Review,” which had more than 43,000 members until Meta took down the group earlier in 2022. Proactive legal action targeting bad actors is one of many ways we protect customers by holding bad actors accountable.”. the UK, Germany, France, Italy, Spain and Japan.

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Retail TouchPoints

SEPTEMBER 22, 2023

The integration generated more than 12 million impressions for the Glidden brand over the first six months of the game’s release, and now Walmart is adding commerce functionality to the game. Later this month players will gain the ability to purchase physical items natively within the game using their Walmart account.

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Inside Retail

JANUARY 10, 2024

A new GenAI search experience, which is live on iOS for all customers within the latest version of its app, is now available for all customers who are logged into their Walmart account. It’s essentially a ‘Virtual Try-On’ service that becomes a social experience. There is also a new AR feature called ‘Shop With Friends’.

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Inside Retail

MARCH 20, 2024

China is the world’s largest retail market, accounting for almost 50 per cent of global retail transactions. trillion in 2022 and grew at a CAGR of 8 per cent from 2017 to 2022. Despite sales remaining below the pre-pandemic level and weak consumer sentiment, retail growth is expected to reach 5 per cent from 2022 to 2027.

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Retail TouchPoints

JUNE 9, 2022

But Lindsay Jerutis, GM for ShopStyle Collective , believes that marketing and social teams are overlooking a significant opportunity: using influencers to sway product demand and respond to product availability challenges. RTP: What challenges or pressures can social media help address in supply chains specifically?

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Retail TouchPoints

NOVEMBER 9, 2022

Global downloads of mobile shopping apps were up 16% year-over-year in the first half of 2022 while the number of sessions was up 29% , according to data from the It’s Not Luck, It’s Skill: Make Every Marketing Dollar Count This Holiday Season report by data.ai. Partnerships with buy now, pay later (BNPL) apps also can pay off.

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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

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. In 2022, global retail media revenue reached $101 billion, according to GroupM. shoppers) and a direct connection to the actual end transaction.

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Retail TouchPoints

JANUARY 4, 2023

“Direct to consumer” is so 2022. Youthforia Founder Fiona Co Chan is featured regularly in the brand’s social content. Then, in October 2022, just 18 months after launching, the brand made its brick-and-mortar debut at Ulta Beauty. This year, DTC has a new meaning, or at least an alternate one — “ direct to community.”.

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Retail TouchPoints

APRIL 25, 2023

Despite the format’s wild success in China, where it accounted for more than 17% of all ecommerce sales in 2022, livestream commerce has been slower to take off in the U.S. and continuing through the 2022 holiday season, the partners hosted a series of livestreams from upstate New York’s Woodbury Common.

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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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Inside Retail

DECEMBER 11, 2023

Customers want and need to know they can trust brands and that trust is built through action and accountability. Starbucks Australia told Inside Retail, “We believe it is paramount for brands to showcase the genuine environmental efforts they’re undertaking.

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Retail TouchPoints

APRIL 28, 2023

Launched in November 2022, the app is still relatively new, but it’s become a key channel for consumers to access exclusive product drops, from original archival pieces to limited-edition collections and refurbished items available via its Vault concept.

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Retail TouchPoints

NOVEMBER 21, 2022

Good product and stellar customer service are a big part of the recipe, but the secret sauce has been the brand’s social marketing strategy , according to Ben Yahalom, who joined the company from Meta in March 2022 as Chief Business Officer and was promoted to President in October. Step Four: Expand.

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Retail TouchPoints

OCTOBER 14, 2022

A new offering called Profile Kit that will allow users to integrate their TikTok accounts to display their content on third-party apps. Showtimes is currently only available to invited movie studios in the U.S. Bringing TikTok to the ‘World Outside’. The first partner for the offering will be link in bio tool Linktree.

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Retail TouchPoints

AUGUST 16, 2023

Livestreaming accounted for more than 17% of all ecommerce sales in 2022 in China, but in the U.S. But so far that anticipation has yet to crystallize into livestreaming becoming the West’s next powerhouse shopping format, as many have predicted. it made up just 2% of ecommerce last year.

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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. In 2012, 94% of teens had Facebook accounts, but in 2021 just 27% of teens said the same. The metaverse seems to be everywhere these days, while technically being nowhere.

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Small Biz Trends

JULY 8, 2021

The retail industry in the US accounts for 18.7 % of total gross domestic product (GDP). trillion in 2022. Following data from SCORE research prove the point: Small retailers account for 98.6% These occupations account for 6.3% 62% of businesses believe that social commerce has helped them improve customer communication.

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Rangeme

APRIL 5, 2022

The 2022 Global Market: Spring Buying Days, a four-day immersive purchasing, discovery, and educational experience facilitated by ECRM and powered by RangeMe, just took place March 28 – April 1. shared insights on blending entertainment with e-commerce by seizing the livestream shopping opportunity.

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Inside Retail

JANUARY 19, 2023

Conscious living and consumption Rising costs and inflation are key concerns as we transition from 2022 into 2023. Up to 100 people can now log in to their Prime accounts and chat with others while watching synchronised content. As we enter 2023, here are five global trends in consumer behaviour that brands should be across.

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Retail Assist

JANUARY 17, 2023

Quick commerce, social commerce, marketplaces, greenwashing of brands, a resurgence in physical retail and a rebalancing of ecommerce were key themes during the year. Marketplaces enjoyed a surge in 2022 and this trend is likely to continue. ESG (Environmental, Social & Governance).

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Retail Geek

AUGUST 20, 2022

A weekly podcast with the latest e-commerce news and events. Episode 295 is a recap of Walmart and Target earnings for Q2 2022, as well as USDC July retail data. Episode 295 is a breakdown of Walmart and Target Q2 earnings, as well as the US Department of Commerce retail sales data for July. Transcript.

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Retail Geek

JULY 26, 2023

Adobe says total sales were up 6% over 2022. Commerce Next 2023 was held in New York City June 20-21st. Subscribe : Apple Podcasts Google Podcasts Spotify Stitcher Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook ? ? ? ? ? Amazon Prime Day 2023 occurred over June 11 and 12th.

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Retail Geek

JANUARY 7, 2022

2022 Predictions. Jason : NFTs, Web 3, Metaverse, and Ultrafast delivery services are all overhyped and don’t deliver meaningful commerce revenue in 2022. Shein exceeds $30B in annual sales, disrupting apparel industry Adoption of BNPL services slows down to less than 15% CAGR in 2022. Transcript.

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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]

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