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Adobe Forecasts Festive Online Spending Will Hit Record £25.9bn as Shoppers Prioritise Price and Value

365 Retail

Consumers Focus on Value, Favouring Major Discount Days The 2024 forecast anticipates a 6.1% Deal-hungry shoppers will again concentrate their spending over the Black Friday and Cyber Monday weekend,” says Vivek Pandya, lead analyst for Adobe Digital Insights, reflecting consumers’ continued focus on value. billion this season, an 8.3%

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How companies accelerated US shipments ahead of tariff hikes

Inside Retail

The US trade deficit spiked to a record $122 billion in December as goods imports rose 4 per cent and exports dropped 4.5 Italian producers have shipped more Parmigiano Reggiano cheese to the United States, according to the industry’s trade association, which said it hopes to get exemptions for its premium foods. Collecting dust?

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China’s ‘Victoria’s Secret Town’ at risk as US tariff loophole faces closure

Inside Retail

Under the “de minimis” rule, which seeks to reduce customs paperwork, the United States exempts foreign packages valued at US$800 or under from tariffs as long as they’re shipped to individuals. Lei says tariffs and e-commerce curbs would force him to accept lower sales volumes, and US consumers will need to pay more.

ATS
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AI, tariffs and secrets of success: What retail leaders talked about at WRC

Inside Retail

Last month, at the World Retail Congress in London, nearly 1000 industry leaders gathered to discuss and debate some of retail’s most pressing topics, including tariffs, artificial intelligence and the future of consumer behaviour. We’re a social destination, a permanent invitation to experience the new.”

ATS
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Omnichannel Fulfillment, BNPL and Social Commerce Contributed to Holiday 2021’s Digital Success

Retail TouchPoints

Most experts expected holiday 2021 to be a digital success, and the season didn’t disappoint: global sales hit $1.14 As a result, Cyber Week 2021 accounted for 23% of total ecommerce spend, down slightly from 24% in 2020. Shipping cutoffs with USPS, UPS, FedEx and others all happened around Dec. trillion , up from $1.1

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4 Ways Ecommerce Returns Will Change in 2022

Retail TouchPoints

Ask any retailer or consumer and they’ll agree on this point: ecommerce returns are a problem — albeit for diametrically opposed reasons. Meanwhile, more than three in four (78%) consumers say they’ve had an inconvenient online returns experience recently, per Pitney Bowes latest BOXpoll survey. consumers love the USPS.

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Consumers Turn to BNPL, BOPIS to Cope with Rising Prices and Supply Chain Uncertainty

Retail TouchPoints

Despite having just officially begun, this holiday shopping season already is marked by supply chain disruption, persistent inflation and mixed consumer confidence. And just like last year, it looks like consumers will respond by turning to ecommerce. 31, 2021. “We’re