The company plans to roll out marketplaces in Mexico, Germany, Spain, France, and Italy. The context: Shein has a dominant (40%) share of the US fast-fashion market thanks to its vast assortment of low-priced apparel that appeals to Gen Z and millennial shoppers, per Bloomberg. Despite its success, the company has significant challenges.
Article
| Jul 27, 2023
Similar patterns played out in France, Italy, Spain, and Turkey. In Russia, however, the decline was substantial in US dollars and rubles. Extreme inflationary conditions make these results even more difficult to interpret. We expect 2023 to deliver a return to stability in terms of both inflation and currency fluctuations, but until then international comparisons will continue to carry these caveats.
Report
| Jan 9, 2023
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| Jun 1, 2023
Source: Insider Intelligence
Kylie Minogue's wine brand was one of the fastest growing in the UK last year, and she has that produced in Italy by fifth generation producers. And part of its success might be that she has such broad appeal with supporters across generations. But the reason it's been so successful in the long-term is, because people have actually enjoyed it and they've come back and bought it again and again.
Audio
| Sep 20, 2023
In Italy, for example, they've been paying it forward for over a century. The tradition of caffè sospeso or suspended coffee, has been around in Naples for a little over a century, and it calls for people who've had a good day to pay for two coffees in a cafe, but drink only one, leaving the other to be picked up by someone more in need.
Audio
| Sep 25, 2023
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| Oct 18, 2023
Source: Cisco Systems
Penetration will be highest in the UK, at 91.2%, and lowest in Italy, at 63.5%. Digital retailers in Italy have struggled to wean many consumers from their existing shopping habits. These tend to focus on local, physical stores, especially where groceries are concerned. In both France and Germany, about 83% of internet users will be digital buyers this year.
Report
| Jul 29, 2022
Across Western Europe, inflation and uncertainty have hit consumers and businesses alike. But some may prosper in these conditions—such as brands using retail media networks and firms advancing sustainability goals.
Report
| Jan 6, 2023
Japan, South Korea, France, Germany, and Italy largely rely on local creators to generate an attractive podcasting ecosystem for the average consumer. These countries have relatively fewer podcast listeners so far. Notably, Spanish is well on the way to becoming the second universal language for podcasting.
Report
| Oct 22, 2021
Italy, meanwhile, will see the fastest user growth in the coming years, but the growth will be marginal and from the smallest base. Although certain services—both local and international—have found success in certain Western European markets (more on this later), none have unlocked the key to major penetration yet.
Report
| Dec 9, 2022
It recently reentered the Indian market; rolled out plans to launch its online marketplace in Mexico, Germany, Spain, France, and Italy this year; announced partnerships with brands such as Skechers and mothercare company Lansinoh; and expanded into new categories such as home appliances and smart home products.
Article
| Jun 28, 2023
Chart
| Oct 5, 2023
Source: The Adecco Group
By contrast, far fewer internet users in Italy (37%), Spain (36%), and Japan (30%) are comfortable with apparel by way of thrift stores, consignment shops, and other resellers. More like this:. Report: US Generation Z Shopping Behaviors. Article: Q&A: thredUP talks about resale as the future for retail brands. Article: H&M challenged with merging affordable fashion and expensive tech.
Article
| Nov 30, 2021
Chart
| Oct 1, 2023
Source: Insider Intelligence | eMarketer
Chart
| Oct 1, 2023
Source: Insider Intelligence
TikTok-owner ByteDance has launched a fashion website called If Yooou that’s currently shipping to customers in the UK, Spain, Italy, Germany, and France. Pinduoduo unveiled an ecommerce site called Temu that sells products from multiple categories like sports and electronics, aimed at US customers, per CNBC.
Article
| Nov 1, 2022
On Thursday Amazon filed a criminal complaint in Italy and a lawsuit in Spain. Together with 10 other lawsuits it recently launched in the US, the efforts target bad actors who Amazon claims operate more than 11,000 websites and social media groups that attempt to orchestrate fake reviews on Amazon and other stores in exchange for money or free products.
Article
| Oct 20, 2022
At least 1,000 respondents were surveyed from each of the following countries: Australia, Canada, China, France, Germany, Italy, Japan, Netherlands, Spain, the UK, and the US. Data is also from the June 2022 Bond report titled "The Loyalty Report" in partnership with Visa. Approximately 17,000 US consumers were surveyed each year of the survey.
Article
| Dec 20, 2022
TikTok users far outnumber Snapchat users in Italy and Spain. We also expect TikTok to surpass Snapchat in Germany, the Netherlands, and the UK during the forecast period. Yet in Denmark, Finland, and Sweden, Snapchat use is much higher and TikTok adoption is slower. In France, TikTok is growing faster than Instagram and Snapchat.
Report
| Jan 18, 2022
Google Cloud, which lost $3.1 billion last year, resulting in price hikes and layoffs in March, grew 45% to $4.98 billion and is expanding its cloud regions in various countries including the US, Latin America, Italy, and the Middle East.
Article
| Aug 3, 2022
Following the death of a 10-year-old in Italy, the country’s privacy watchdog ordered TikTok to remove any user that could not be verified as being over the age of 13, per Bloomberg. TikTok’s trust and safety team found the child was on the app as much as 10 hours per day—another factor that TikTok has worked to reduce.
Article
| Dec 1, 2022
In France, Germany, Italy, Spain, and the UK—Western Europe’s five leading markets—Google and Meta will continue to garner over two-thirds of digital ad spending. Google’s net ad revenues in those markets will increase 11.6% this year, driven by high engagement with search and YouTube. Meta ad revenues in the region will rise 14.1% in 2022.
Article
| May 25, 2022
Methodology: Data is from a February 2023 Metapack report titled "Ecommerce Delivery Benchmark." 8,000+ adults ages 18+ in Australia, Canada, France, Germany, Italy, Spain, the UK, and the US were surveyed by Retail Economics during November 2022.
Article
| Feb 27, 2023
Peloton will also see fallout from Apple’s expansion of its Fitness+ offering, which rolled out on Wednesday in 15 additional countries, including Brazil, France, Italy, and Russia. Peloton’s market cap has dropped nearly 40% since Apple broadened Fitness+, which takes direct aim at Peloton’s digital workouts, as of the market close on Friday. Elsewhere in earnings:.
Article
| Nov 8, 2021
The leading American chip manufacturer is making inroads in Europe and has investments in France, Ireland, Italy, Poland, and Spain, where it expects to spend $90 million in funding over the next 10 years, per The New York Times.
Article
| Mar 16, 2022