78% of 12-year-olds purchased anything online in the first half of 2023. This is from almost a year ago and matches 2021 figures. Digital sales have increased little from 2022, but actual goods sales haven’t. 43% of internet shoppers encountered issues. This was 56%
Amazon has announced a reduction of the transaction fee for fashion sellers from 17% to 5% for clothing priced below $15 (13.9 euros). Specifically, prices for clothing between $15 and $20 (€18.5) will drop by 10%, Bloomberg reports. Changes will affect from January 2024.
Forrester announced its newest report “Europe-5 Online Retail Forecast, 2023 To 2028” on the blog and summarized the most interesting outlooks. Let’s take a closer look at Forrester’s predictions. The five biggest economies in Europe, in order of size, are Germany, the UK, France,
As the season for year-end summaries and forecasts for 2024 in the e-commerce industry approaches, I am more than certain that one trend will dominate both summaries and predictions, and nobody will be surprised if I write that it’s about AI, which will be discussed extensively. Let’s start with
TikTok is increasingly encroaching on territories previously reserved for others, extending well beyond the world of social media, though not entirely. Amazon is becoming more aware that without a serious union with social media, it may start to lose ground. Both platforms observe the
Returns are a significant challenge in e-commerce, potentially impacting the Profit and Loss (P&L) statements of businesses. To address this, Bershka, a Spanish clothing retailer, has embraced innovative technology solutions. Innovative Solution: 3DLOOK’s Virtual Try-On Service Bershka has teamed up with 3DLOOK, an AI-driven
Is your brand at risk of wasting $73 billion on ineffective digital ads? Let’s explore the critical missteps costing brands their fortune. CreativeX, a company at the forefront of creative decision-making for global brands, analyzed over 3.9 million ads from 2021-2022. This massive study
If you thought Amazon had revealed all its AI innovations with the launch of Olympus, Project Nile, and the enhanced AI in Alexa, think again. Let’s meet Amazon Q. During the AWS re:Invent conference, Amazon Web Services (AWS) unveiled Amazon Q, an AI-powered tool designed
According to the “KMU Reports Deutschland 2023,” a record number of small and medium-sized enterprises (SMEs) in Germany are selling their products on Amazon, with export volume rising to over 4.75 billion euros, marking a 10% increase. The report indicates that 47,500 German SMEs
???? $9.8 billion spent and a trend revolution sparked – this year’s Black Friday and Cyber Monday have left more than just sales records. Discover the unexpected shifts behind these figures. According to Forbes, citing Adobe data, American consumers spent $9.8 billion on online