eCommerce 3.0, Return to physical Retail, New mobile generation, The Future of Shopping is Social, Second Prime day 2023, NFT & Retail...

Oct 13, 2023

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

Reports

Inspiring smarter buying. A new era of generative AI for everyone, Accenture.
The State of Fashion 2023: Holding onto growth as global clouds gather, McKinsey

Retail

_The return to physical Retail: making the store the centre of your post-Covid hybrid strategy.

_Enhancing customer experiences with location-based technology: providing retailers with a powerful tool to enhance the customer experience, optimize operations and drive business growth.

_What Gen Z expects from in-store experiences: shared values and community connections.

_The changing demands on retailers with a new mobile generation.

_Are NFT projects now over for retailers? Technical difficulties, fraud and low consumer interest cloud the market for non-fungible tokens.

_Two Walmart moves: unveils slate of tech initiatives using generative AI and AR, and eliminates self-checkout at same stores.

_Is Macy’s coming to a strip mall near you? Retailer will open 30 scaled-down locations nationwide.

_Targets in Maine push new self-checkout standards. Shoppers will now have to keep basket size to 10 items or less

_According to the McKinsey report: Stable and spending, an update on the state of the US consumer:

American consumers remained cautiously optimistic
Inflation dipped and consumers spent.

eCommerce

_Most business organizations describe their digital B2B commerce maturity as eCommerce 3.0, or middle of the B2B eCommerce maturity curve.

_How Retailers can combat rising digital fraud rates.

_From Amazon to Allbirds, nearly 50 major retailers announced layoffs this year. As companies turn to cost-cutting measures.

_Online shopping is terrible and AI is here to fix it. Buying stuff online feels like work. Can new technology make it fun again?

_eBay 2023 Small Business Report. And an interesting read about the information: “16 Million People Who Love eBay”.

_Global online Retail market will hit $9.93T by 2030 and according to Don Brett's analysis. eCommerce share of Retail sales forecast:

2020: ~15% eComm pen rate.
2029: ~25% eComm pen rate.
2060: ~50% eComm pen rate.

Social Commerce

_The definitive timeline of Pinterest’s improbable journey to visual social media giant. The 65 moments in Pinterest’s history that tell you everything you need to know about the internet’s inspiration engine.

_Social Commerce: the new face of marketplaces?

_The Future of Shopping is Social: How Cloud-Based Social Commerce is Redefining the Buyer Journey.

_Tiktok launches generative AI tool to help brands with content creation.

Help me reach more people who are interested in ecommerce and retail, thanks!

Amazon

_Second Prime Big Deal Days 2023 surpassed expectations. A recap.

_Company profile: Amazon.

_FTC vs. Amazon: 4 takeaways on how the company’s fulfillment services affect sellers.

_Amazon reopens Seller Fulfilled Prime enrollment, nixes planned fee. The company said it removed the added charge over concerns it would impact program participation.

_Amazon reportedly planning price reduction for Prime member groceries. A leaked memo indicates the threshold for free delivery may drop from $150 to $100.

_5 things: Will Amazon become the next Sears?