Amazon’s big Prime Day shopping event is only 2 weeks away, falling on July 12-13 this year, meaning other retailers and online sellers are hoping to capitalize on the halo effect from shoppers whipped up into a bargain-hunting frenzy. In Read more
Inventory surpluses among large retailers are leading to widespread discounts for US shoppers, according to Pitney Bowes. Shoppers anticipate taking advantage of markdowns over the next six months, it found in a new survey. It also found that many survey Read more
Adobe released data on Thursday showing online prices increased 2% in May year-over-year. That compares to April’s 2.9% increase and March’s record 3.6% increase. But Adobe found significant differences category by category. Online prices for groceries have not eased, rising Read more
While shopping online, seven in 10 people are more likely to spend impulsively on their phones while lying in bed, according to a recent survey. Slickdeals found some other interesting consumer behavior in a survey it commissioned and conducted by Read more
People will search for bargains as they set out to do their Easter shopping this year, according to a survey conducted by the National Retail Federation (NRF) in early March. A total of 80 percent of Americans will celebrate the Read more
Raising Prices? Regulators Are Watching – Even if You’re UPS During the pandemic, some retailers were accused by regulators of price-gouging essential items like hand sanitizer and face masks. Regulators are still watching and are expanding those under scrutiny. On Read more
When briefing Wall Street analysts on Thursday about Etsy’s fourth-quarter financials, CEO Josh Silverman took a moment to acknowledge Russia’s invasion of Ukraine that day, which he said weighed heavily on all of them. “I wanted to acknowledge our hearts Read more
Prices rose significantly for the items people buy for daily living, according to the US Bureau of Labor Statistics, which reported numbers on Thursday that showed the largest 12-month change for the period ending January 2022 since 1982. Adobe was Read more
Shoppers will return 16.6% of their retail purchases from 2021, according to the National Retail Federation (NRF), with some of the returns involving fraud. The NRF and Appriss Retail released a report today that found retailers expect over $761 billion Read more
Fashion brand Ralph Lauren is considering buying “real estate” in virtual reality, its CEO told attendees at the National Retail Federation conference, according to CNBC. And Walmart may be preparing to enter the metaverse too, the news outlet reported separately. Read more
