The gross merchandise volume (GMV) of China’s fresh food e-commerce market is expected to increase 160% to ¥162.0 billion in 2019 from ¥62.2 billion in 2016, according to iiMedia.
The $13.1B US women’s underwear market is in a state of change. In terms of market share, digitally native brands are the most significant challengers to traditional US women’s underwear brands.
Luxury brands are employing social values, sustainability and limited-run collaborations to enhance their brand positioning and attract new luxury consumers.
Coresight Matrix is a new product series designed to help our subscribers better understand a number of segments and key players within the retail-technology industry. The first of the series focus on computer vision, which has seen rapid adoption in retail over the last few years.
As we approach mid-year 2019, brands and retailers must plan now to ensure their products, logistics, warehouse space and marketing efforts are timely for this year’s 11.11.
This report outlines the current landscape of the $114B US furniture and home furnishing industry, the changing behavior of the US consumer (including millennials), and profiles retailers that have innovated with new business models, technology and operational strategies.
Alibaba and JD.com have operated app-only luxury channels since 2017: Tmall Luxury Pavilion and Toplife, respectively. Both channels have enlisted over 100 brands to sell their wares so far.
In China, Luxury Brands Turn to Pop-Up Stores to Offer Experiences and Build Their Brands with Younger Consumers
Pop-up stores represent a way for luxury brands to engage with customers, showcase limited edition products, offer personalized experiences and demonstrate brand identity with a low-cost, physical presence. This report uses luxury brands’ pop-up stores in China as examples.
Some 46% of US online shoppers have collected one or more online purchases from a physical store in the past 12 months. BOPIS users are slightly younger and more affluent than the average online shopper.
Amazon is planning to close its China domestic marketplace but still plans to continue its cross-border e-commerce operations, sell Kindle e-readers and continue to operate its AWS business.
Weekly US and UK Store Openings and Closures Tracker 2019, Week 16: Aldi to Open 15 New Supermarkets; In the UK, Primark Opens World’s Largest Fashion Store
Year to date in 2019, US retailers have announced 5,994 store closures and 2,647 store openings. UK retailers have announced 322 store closures and 352 store openings.
Some 79% of US consumers plan to celebrate Easter this year and to spend a total of $18.1 billion on shopping related to the occasion, slightly short of last year’s total of $18.2 billion, according to an annual spending survey from the National Retail Federation (NRF) and Prosper Insights & Analytics.
US store traffic declined 7.9% year over year in March. Year over year, the conversion rate fell 0.4 percentage points, average transaction value (ATV) grew 3.3% and the product return rate decreased by 0.3 percentage points.
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