US and European retailers place holiday orders for Chinese-made Christmas goods

US and European retailers place holiday orders for Chinese-made Christmas goods

Suppliers to Walmart (WMT.N), Target (TGT.N), Amazon.com (AMZN.O) and other major retailers told Reuters they are placing holiday orders for Chinese-made merchandise weeks earlier this year, as a global shipping backlog threatens to leave many gift buyers empty-handed this Christmas shopping season. Reuters surveyed nearly a dozen suppliers and retailers of everything from toys to computer equipment in the United States and Europe. All expect weeks-long delays in holiday inventory due to shipping bottlenecks, including a global container shortage and the recent COVID-related closure of the southern Chinese port of Yantian, which serves manufacturers near Shenzhen. The risk for retailers […]

Sex-toy sales are up due to the coronavirus

Sex-toy sales are up due to the coronavirus

During this COVID-19 coronavirus pandemic, not every business is drooping. In fact, a number of different industries seem to be on the rise including, drum roll please, the sex toy industry. With many people stuck at home either by themselves or with someone else, take a wild guess as to what folks may feel the urge to do. Hint, it probably isn’t playing Parcheesi in most cases. Yes, while you may not have mastered this whole social distancing thing, perhaps there’s something else that you’ve been mastering. The near-countrywide stay-at-home shutdown has, over the last month, turned us into a […]

Global Analysis, Trends and Prediction of Mobile Commerce Market (2020-2025)

Global Analysis, Trends and Prediction of Mobile Commerce Market (2020-2025)

According to a recent survey, mobile phone users have overtaken the global population – approximately 1 billion more mobile phones than people of this planet. In this case, the increased possibilities for mobile commerce are only to be expected. Let’s take a close look at some essential analysis, trends, and predictions for the mobile commerce market over the next five years. Statistics Showing the Current State of mCommerce Market 49% of consumers use smartphones for shopping globally. 61% of American consumers rely on their smartphones in stores to compare prices. 63% US consumers turn towards their devices to access discounts/coupons […]

Last minute shoppers forced to look to physical retail stores

Last minute shoppers forced to look to physical retail stores

Last minute holiday shoppers forced to visit stores to make purchases found reduced inventories and fewer promotions as depleted inventories allowed for more full-priced selling. Data from The NPD Group, Salesforce and the National Retail Federation show that as the holiday season draws to a closes sales have been stronger than might have been expected given the economic and societal challenges caused by COVID-19. Heading into the final weekend prior to Christmas shoppers were spending freely amid an environment of reduced discounting which bodes well for margins. For example: The NPD Group reported on Friday, Dec. 18, that sales in the […]

Key Facts about Millennials and the Future of eCommerce Retail

Key Facts about Millennials and the Future of eCommerce Retail

Aged between 18 and 34, Millennials are the center of the eCommerce industry. They are a group of people with an online shopping value of 10 trillion dollars. They are tech-savvy, always available online, and know how to use the new technology to meet their needs and lifestyles. Now, let’s take a brief look at Millennials and the future of eCommerce business. $10 trillion worth of online shopping Millennials’ buying power is now valued at $10 trill, over their lifetime. Users statistic per day 46% go online multiple 7 times per day 48% always online Total digital thinking Millennials feature […]

What COVID-19 Has Cost Consumers

What COVID-19 Has Cost Consumers

Due to COVID-19, consumers’ shopping behaviors have changed a lot. Some people have been buying fewer hair care products since the pandemic, while many have been paying more for groceries and household goods. Yet, most people are trying to spend less and seek discounts to save a little more. Now, let’s take a look at the analytics report from C+R Research, a market insights agency based in Chicago. What Consumers Are Paying More For 85% Have been paying more for groceries since COVID-19 75% Have been paying more for household goods since COVID-19 What Americans Say They’re Paying More For […]

Walmart’s Black Friday Sales: 8 Best Deals Announced

Walmart’s Black Friday Sales: 8 Best Deals Announced

Hopefully you’re not burnt out on holiday deals yet. We know you’re still recovering from last week’s Prime Day sales, but Walmart has already announced plans for Black Friday 2020. The retail giant recently detailed its plans to unwrap deals across three events in November instead of just a single day. Walmart is calling its reimagined sales Black Friday Deals for Days. Here’s the breakdown: Event 1 will start online at Walmart.com on Nov. 4 at 7 p.m. ET, offering deals on toys, electronics and home products. More deals will become available on Nov. 7 online at 12 a.m. ET and in stores […]

How COVID-19 Is Changing the Shopping Habit Of Consumers

How COVID-19 Is Changing the Shopping Habit Of Consumers

As we all know how badly COVID-19 affects our lives. From school to offices, consumers to retailers, everyone gets so involved during the pandemic. The coronavirus has changed the habits of people altogether. In this article, we’ll discuss how COVID-19 is changing the shopping habits of consumers.  Loss of Income According to the report, the United States has lost more than 21 million jobs since March, resulting in 15% unemployment, even higher than the Great Depression in the 1930s.  During the pandemic, life has been challenging. Around 50% of adults said that they lost a job due to the coronavirus […]