[New] Adoption of online grocery shopping services is seen growing at 13% annually for the next four years to $77 billion and investors are bullish about opportunities for further expansion outside the U.S.
Cabot Wealth
[New] The megatrends - Convenience, Shopping Reinvented and Digital Living - will be the strongest growth performers at 20%, 17% and 12% respectively, compared to -2% for Experience More in China over 2022-2027.
Euromonitor
Enhanced Digital Capabilities: Investing in and expanding its e-commerce platform could allow Costco to tap into the growing online shopping trend.
Yahoo Finance
Shop Ads: Sellers can promote their TikTok Shops with the new TikTok Shop Ads, providing more opportunities for customers to discover and make purchases directly on TikTok.
Hubspot
While the past few years have witnessed explosive growth in online shopping, fueled by pandemic-driven stay-at-home restrictions and the increasing adoption of smartphones and mobile wallets, 2024 presents a unique set of challenges and opportunities.
NielsenIQ
The online retail and delivery segments are expected to evolve positively again in 2024, given a rising number of consumers that have internet access, growing trust in online shopping, and improvements in delivery services for consumers who may live away from big cities.
ESM Magazine
Yum China offers its value-focused KCOFFEE range alongside premium Lavazza coffee shops as part of a joint venture with the iconic Italian coffee roaster, which will also supply coffee to its extensive Pizza Hut portfolio.
World Coffee Portal
Stores will have a reawakening; newer ecommerce players with ties to China will shake up shopping; the retail media network long tail may fold; and AI will continue to push the hyperpersonalization envelope.
TBG
Social commerce, a form of ecommerce in which a social media platform serves as both a marketing channel and a shopping destination, is expected to grow by more than 50% between 2021 and 2025.
IBM Blog
Social commerce is one of the biggest online shopping trends reshaping the ecommerce landscape, with social commerce sales predicted to reach $3 trillion by 2026.
Fit Small Business
Global expenditures on digital transformation initiatives will reach $3.4 trillion by 2026, with software innovation being the driving force behind trends like immersive shopping experiences, redefining the in-store experience, and the rise of plug-and-play artificial intelligence solutions.
Total Retail
LG Display will present its full lineup of Transparent OLEDs, including the 30 -, 55 -, and 77-inch displays, to present new shopping experiences to retail spaces by creating unique applications through the use of mid-sized and ultra-large Transparent OLED panels.
PR Newswire
Retailers have made a last-ditch attempt to persuade Chancellor Jeremy Hunt to axe the UK's tourist tax in the upcoming Budget, with new evidence suggesting that reintroducing tax-free shopping will spark a £2.8bn tourism boom.
Retail Gazette
Rise of e-commerce and omnichannel retail: Online shopping continues its meteoric rise, with e-commerce sales expected to reach $7.4 trillion globally by 2025, representing nearly 22% of total retail sales according to Statista.
Hospitality Net
Another way retailers will engage their customers in 2024 will be through immersive experiences like virtual reality and augmented reality, virtual events, and social shopping.
Board Retailers Association
Consumers will continue evolving their shopping habits in various ways in 2024 after three years of fulfilling their pent-up demand for experiences - from the search for a good deal to when and where they choose to buy.
Mastercard Data & Services
2024 will be the year that brick-and-mortar retailers will be forced to think beyond incremental improvements in in-store checkout and begin using their physical footprint to support the shopping journey that consumers want.
PYMNTS.com
At a time where everything is dominated by online shopping, another challenge for retailers in 2024 will be providing a reason for people to physically visit their stores.
Grocery Trader
Nearly half of 2,000 consumers polled on behalf of Barclaycard said they were using loyalty schemes or vouchers to get money off shopping, while 43% said they plan to cut down on non-essential spending due to rising bills.
Sky News
UK manufacturers will reduce the range of products to minimize the impact of extra costs on final consumer prices, which could lead to reduced choice in shops with UK production.
.foodingredientsfirst.com/
The number of mobile shoppers in the US is expected to reach 187 million by 2024, with over 60% of US adults considering mobile shopping a necessity for convenience in online shopping.
CS-Cart
In 2024, as Canadian retailers look to claim a larger share of consumer spending, many will take advantage of AI tools to create more responsive and engaging shopping experiences and come out ahead.
IBM Canada Newsroom
Last updated: 25 March 2024
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