蘑菇AV

Luxury brands who want to win over Gen Z need to find a way to appeal to their interests, whether that鈥檚 a growing interest in skincare and wellness products or a strong social media presence. This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

Beyond the chart:. 23.4% of US adults have used or are interested in using livestream shopping to purchase personal luxury goods, according to an August 2024 survey from 蘑菇AV and Bizrate Insights. 43.0% of US adults said they have not used and are not interested in livestream shopping, according to that survey.

Luxury Ecommerce 2024 (蘑菇AV subscription required).

KEY STAT: Nearly 72 million US consumers鈥攁nd about a third of US digital buyers鈥攚ill engage in cross-border retail ecommerce in 2024. Our Forecast Definitions. Our definition of cross-border purchases only includes transactions where the consumer is aware they are buying from a seller in a foreign country.

This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

While it makes sense for Ralph Lauren to lean into luxury, transforming its brand perception will take time.

Since then, Amazon has partnered with an authenticated reseller of vintage luxury goods, What Goes Around Comes Around, which does sell some Louis Vuitton items. But LVMH has continued to keep new items off the ecommerce giant鈥檚 site. This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

While there are signs that US consumers are cooling on full-price luxury, secondhand players like The RealReal and thredUP have an opportunity to attract aspirational shoppers who can鈥檛 pay the retail price but still want to purchase name brands. Go further: Check out our US Online Fashion Resale report.

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CEO Jensen Huang unveiled a suite of AI agent blueprints that could transform everything from video analysis to retail operations. The company's enterprise software platform enables partners to build specialized AI agents: These agents can autonomously handle complex tasks that have previously required human intervention.

Clienteling is a retail tactic that helps brands forge a deeper connection with customers via 1-to-1 relationships between store associates and customers.

Rising prices drove consumers to think of fast food as a luxury. But value-focused offerings now give customers an excuse to splurge on a small indulgence such as Sonic shake.

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This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

The phenomenon is characterized by a willingness to splurge on luxury or nice-to-have beauty products amid economic headwinds, like the current cost-of-living crisis. The lipstick effect is back in action鈥攁nd it鈥檚 evolving. As we鈥檝e seen during previous recessions, retailers such as John Lewis and Boots are reporting an uplift in sales of affordable luxuries like lipsticks, mascaras, and eyeliners.

From the explosion of ChatGPT to confusing economic indicators, the first quarter of 2023 has proven to be a mixed bag for retail. We break down major developments from the past few months and what they mean for the year ahead.