As consumers look for quick and convenient ways to shop, the number of click-and-collect buyers in the US will rise to 150.9 million in 2024, representing 53.1% of the population, per our December 2022 forecast.
Article
| Dec 4, 2023
Ecommerce hasn’t overtaken physical stores: An excerpt from our recent report explains how retail stores stack up against digital channels in driving new product discovery and conversions.
Article
| Nov 20, 2023
Earlier this month, Beyond Inc. (formerly Overstock) acquired ecommerce retailer Zulily, which went out of business in late 2023. Beyond Inc. also plans to bring back the Overstock brand, which it sunset after acquiring the rights to Bed Bath & Beyond last year.
Article
| Mar 21, 2024
Gen Z consumers of beauty and skincare products are most attracted to brands for their pricing (48%), samples (46%), and sustainability (44%), according to Bolt. Pricing is a bigger influence for older consumers, cited by 61% of those ages 18 and older.
Article
| Jul 5, 2023
Health, personal care, and beauty will be Amazon’s fastest-growing segment this year among the 10 product categories we track. Rising 24.4% YoY, those sales will also represent nearly a third of all US ecommerce dollars for the category. But that’s still below Amazon’s overall 39.5% share of total US ecommerce. Amazon is making big strides in expanding its beauty offerings:.
Report
| May 25, 2022
Chart
| Feb 8, 2024
Source: CreatorIQ
Chart
| Jan 24, 2024
Source: PayPal
Social commerce has yet to reach its potential in the UK. Social buying is still on the rise—and there is plenty of headroom to grow spend.
Report
| Dec 1, 2023
We don't have a cosmetic and beauty forecast for the UK, but we've got a health, personal care, and beauty forecast, which those, that category sales will grow by 6.7% in 2023, which is faster than any other category and ahead of overall UK retail sales growth of 4.8%, and as in the U.S., we're seeing e-commerce sales in the category are growing even faster, at 7.6%, and that's versus 0.6% dip in UK e-commerce
Audio
| Jul 12, 2023
US livestreaming commerce sales could reach $50 billion in 2023 and potentially account for more than 5% of total ecommerce in the country by 2026, per Coresight Research as cited by CNBC.
With help from platforms like TikTok Shop, TalkShopLive, and Firework, brands should start experimenting with livestream commerce as adoption grows, especially among younger consumers.
Article
| Jan 2, 2024
Gen Z embraces messaging, search, and shopping: Social media trend reports shed light on 2024 priorities.
Article
| Dec 19, 2023
The vast majority (81.5%) of retail media ad spend will go toward on-site formats this year, per our October 2023 forecast. As advertisers seek to target consumers whenever and wherever possible, other formats are emerging, particularly in-store, streaming, and social.
Article
| Feb 5, 2024
Dollar stores and off-price retailers set to once again dominate store openings in 2024: Economic uncertainty continues to fuel expansion opportunities for budget retailers.
Article
| Jan 9, 2024
France will see stronger growth in digital ad spending than both Germany and the UK this year. Most industries aren’t contributing to that growth, though, with only travel and retail seeing any significant investments.
Report
| Oct 5, 2023
It’s hard to deny social media’s influence on how consumers discover and even sometimes purchase products. But there are other platforms out there besides Instagram and TikTok that can help brands engage with consumers, especially when it comes to fashion.
Article
| Jan 30, 2024
L’Oréal’s Aesop purchase is the company’s biggest yet: The beauty giant is spending $2.53 billion to stake a larger claim to the highly profitable luxury skincare category.
Article
| Apr 5, 2023
Health, personal care, and beauty ecommerce gets a boost from the ‘lipstick effect.’. This category’s ecommerce sales will hit £14.56 billion ($17.13 billion) in 2023—up 1.5% YoY. Online sales of household goods will suffer while big-ticket spending remains on hold. Household goods ecommerce sales will reach £11.13 billion ($13.09 billion) in 2023—up just 0.2% YoY.
Report
| Feb 14, 2023
Some 22% of beauty retail sales worldwide will take place online this year, the most of any sales channel, per McKinsey. Physical specialty stores, such as Sephora and Ulta Beauty, will come in a close second (20%), while department stores will rank last (8%).
Article
| Jun 28, 2023
Chart
| Jan 10, 2024
Source: Earnest Research
With the majority of retail sales still taking place offline, marketers are rethinking the in-store experience, attempting to combine the reach of physical retail with the engagement of digital channels via in-store retail media.
Article
| Jan 22, 2024
The threat of recession is holding back digital ad spending in Germany, particularly in influential industries like automotive. If the worst case can be avoided, though, 2024 offers promising signs for growth.
Report
| Sep 27, 2023
They’re least willing to buy private label pet products, personal care and beauty items, and beverages. Consumers cited quality as their primary consideration for deciding whether or not to make the switch, while store label variety and selection also play a role in their purchasing decisions.
Article
| Sep 22, 2023
For some, shopping online is functional, enabling consumers to get what they want quickly, without straying from their budget or list. By creating a more engaging ecommerce experience, retailers can make shopping online fun, enticing consumers to browse and buy like they might in-store—and perhaps, increasing their basket.
Article
| Jan 9, 2024
Chart
| Jan 18, 2024
Source: Bain & Company; Altagamma
We expect US cosmetic and beauty sales to grow 7.6%: While consumers are spending more selectively, they’re still willing to splurge on their favorite items.
Article
| May 26, 2023