Industry Experts on Finding Your Brand's Place in the Metaverse
December 1, 2022 at 11:42 am

While the metaverse may not be widespread in retail just yet, there’s 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.

Biggest Online Shopping Day Ever: Cyber Monday Shatters Records
November 29, 2022 at 4:39 pm

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 684…

Delivering Growth: Top Strategies for E-Grocers to Have in Mind
November 28, 2022 at 4:27 pm

Flexibility, hyperpersonalization, and convenience are the retail buzzwords on everyone’s lips. In just five months, e-grocery experienced five years of growth, and there’s 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 don’t believe they…

In-Store Visits, Online Shopping Saw Increases Over Thanksgiving Weekend
November 28, 2022 at 2:31 pm

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe Analytics, which tracks sales on retailers’ 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 billion…

Consumers Spend a Record $5.29B Online on Thanksgiving Day
November 25, 2022 at 11:29 am

Consumers spent a record $5.29 billion 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 the…

NRF Forecasts Record Number of Thanksgiving Weekend Shoppers
November 17, 2022 at 6:40 pm

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 tracking…

NRF: Healthy Holiday Sales Expected Despite Inflation, Rising Interest Rates
November 7, 2022 at 6:53 pm

Despite high inflation and rising interest rates, the National Retail Federation (NRF) said last week it expects healthy holiday sales thanks to things such as job growth, salary increases, and higher savings rates. More specifically, NRF forecasts that holiday sales will rise between 6 percent and 8 percent this year compared to 2021, reaching between $942.6 billion…

Disney+ Expands Into E-Commerce With Merchandise for Subscribers
November 3, 2022 at 12:38 pm

Disney+ announced the launch of a new test that will allow subscribers to shop exclusive merchandise from brands including Star Wars, Marvel, Disney Animation Studios, and Pixar directly from the detail pages of select movies, series and shorts on the streaming service. The shop will be available to Disney+ primary profiles in the U.S. with users…