E-Commerce
Holiday preparations can be exhausting โ from baking cookies to filling stockings, consumers are exceptionally busy this time of year. Shopping for holiday gifts only adds to the stress as consumers are scrambling to cross off the items on their list. Additionally, this season will likely look different as shoppers are currently facing the impactsโฆ
Over the past few years, the holiday shopping season has crept up earlier and earlier as retailers look to generate additional revenue and target early shoppers. However, this year may prove to be a challenge for small businesses due to a plethora of factors including inflation, supply chain bottlenecks and changes in consumer buying behaviorโฆ
โI know this is new for all of us,โ said Melissa Garcia, a professional on-air stylist, as she led her first live selling event for womenโs clothing retailer LOFT. Speaking with animated gestures, she wore a black, floral-patterned dress that matched one hanging up behind her. After greeting the audience, Garcia pulled the dress offโฆ
While the metaverse may not be widespread in retail just yet, thereโs clear excitement among industry marketers about the new business opportunities it presents. This sentiment was made clear during a panel discussion that took place at this year's Total Retail Tech event.
Consumers spent a total of $11.3 billion online on Cyber Monday, representing 5.8 percent growth year-over-year (YoY), according to Adobe Analytics. It registers as the biggest online shopping day of all time. In the peak hour (8:00 p.m. to 9:00 p.m. Pacific), consumers spent $12.8 million every minute. On Cyber Monday, online spending was driven by purchases of toys, with sales growing 684โฆ
Flexibility, hyperpersonalization, and convenience are the retail buzzwords on everyoneโs lips. In just five months, e-grocery experienced five years of growth, and thereโs no going back. Grocery leaders expect the e-commerce market to more than double in the next five years, with delivery options increasingly favored by expectant consumers. Yet many grocers donโt believe theyโฆ
Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe Analytics, which tracks sales on retailersโ websites. Overall, online Black Friday sales were up 2.3 percent year-over-year. Adobe also predicted that consumers were set to spend more than $9 billion online over the weekend ($4.52 billion on Saturday, $4.99 billionโฆ
Consumersโฏspent a recordโฏ$5.29โฏbillion on Thanksgiving Day, per Adobe Analytics data, up 2.9 percent year-over-year (YoY). Shoppers were enticed by big discounts in categories like toys and electronics, and took to their smartphones during holiday meals. Mobile shopping drove 55 percent of online sales (up 8.3 percent YoY), an all-time record for Thanksgiving Day since 2012. In theโฆ
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is almost 8 million more people than last year and is the highest estimate since NRF began trackingโฆ
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