After liquidating stores, Walmart+ outpaces, Uniqlo’s 2024 Plans, TikTok milestone, B2B marketplaces fast track...

Dec 13, 2023

Commerce Updates is the best place to stay informed about US eCommerce and Retail. Your essential weekly newsletter with industry news.

Reports

Holiday Outlook 2023. Shoppers want everything everywhere … all at discounts. PwC.
How generative AI can boost consumer marketing. From automating processes and powering hyperpersonalization to permanently altering the idea generation process, McKinsey.

Retail

_5 Retailers that need a strong finish for the year. These retailers have borrowed heavily, delivered soft performance, seen substantial leadership turnover or operate in a heavily discretionary sector. Can they turn themselves around?

_After liquidating stores. Retailers that filed for Chapter 11 bankruptcy are looking to start a new chapter.

_Uniqlo’s 2024 Plans: will open more than 20 stores in the U.S. and Canada in 2024, including debuts in new markets for the fashion retailer.

_Why Macy’s investors reportedly offered $5.8B to take the department store private.

_How AI will impact the holiday shopping experience.

_Walmart+ outpaces Instacart, DoorDash, Amazon Fresh in ad spend.

Walmart+, Instacart, and DoorDash spent a combined $458 million on advertising during that time period, accounting for 79% of total adspend from grocery delivery services.
Total US digital ad spend will increase 13.6% in 2024 to reach $306.94 billion, per our forecast.
Display advertising will make up more than half (56.2%) of total digital advertising next year, per our forecast. Search will make up a slightly smaller piece of the pie at 41.7%.

eCommerce

_Shein IPO: What it could mean for the fashion industry.

_Gift guides & livestreaming: How resale platforms are wooing shoppers this holiday season.

_B2B marketplaces fast track into mainstream US business sales. Digital Commerce 360 projects that in 2023, they will account for 12% of all B2B eCommerce sales compared with 7% of all B2B digital commerce sales in 2022.

Social Commerce

_Temu was the most-downloaded iPhone app in the US in 2023. The Chinese eCommerce company whose app is now attracting longer engagement times than Amazon.

_New TikTok label to disclose AI-generated content.

_Pinterest showcases the trends that will shape 2024 at shoppable NYC Pop-up.

_Brands target consumer food spend on social media.

_TikTok’s is hitting a new milestone, becomes first non-game app to reach $10B in consumer spending.

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Amazon

_7 ways Amazon is making holiday deliveries stress-free, from Same-Day Delivery to real-time delivery tracking.

_Amazon is piloting a new $9.99 monthly grocery subscription for Prime members in three cities.

_Amazon files motion to dismiss FTC antitrust lawsuit. The eCommerce giant said in its legal rebuttal that its business practices are lawful and represent “the very essence of competition.”