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Amazon has long offered used and refurbished goods on its platform, and secondhand offers appear alongside new options on product pages. More recently, Amazon has been testing the luxury resale waters through partnerships with Rent the Runway and consignment store What Goes Around Comes Around. Walmart is taking a dual-pronged approach.

UK referral traffic from TikTok content to retailer websites grew by 378% between January 2022 and May 2023, according to a June 2023 report from Adobe. Getting appy: 鈥淓specially in the UK, retailers have digitized their loyalty programs, launching them through apps,鈥� Perkins said.

Mobile commerce is increasing in share of total retail sales in both the US and the UK. In the US, mCommerce will make up about 7.5% of US retail sales this year, 7.5%. In the UK, that's about 10 percentage points higher at 17% of total UK retail sales. That's according to our forecast. In both places mobile adoption is definitely growing in double digits in the US, single digits in the UK.

By 2028, more than half (50.2%) of US smartphone users will be proximity mobile payment users, accounting for 132.6 million people, per our March 2024 forecast. 39% of retailers in Australia, North America, and the UK plan to provide more payment options, such as BNPL, to stay competitive in 2024, according to a January 2024 report by Square. The prediction: 鈥滲iometric checkout has a lot of legs.

So I think it is happening, but it's just the format and environment it's best suited for at present is not really what Amazon had imagined.

So taking the UK as an example, London is the epicenter of most agency brand, any kind of marketer activity. London accounts for a little over 10% of the population. There are big cities around the rest of the UK, but London's the only megacity in the UK. Meanwhile, over a fifth of the UK population lives in rural areas.

Amazon was the country鈥檚 most popular online retailer starting in 2017鈥攁lbeit by a razor-thin margin鈥攂ut its lead lasted through only 2019, according to our inaugural forecast for Amazon in Mexico. It was no match for Mercado Libre鈥檚 multibillion-dollar investments. Strategic investments in Mexico give it a competitive edge over Amazon.

So, it seems the next Amazon. It's not. Amazon was just about retail, and now it wants to be a media advertising, a whole shebang. TikTok seems to be going in a similar direction. Obviously, it's a short video platform first, it wants to get into commerce in a big way. How can TikTok position itself? In a market like the UK, I'm thinking, specifically, because it's struggling to get a foothold here.

Bringing two large (if second-tier, relative to Amazon and Walmart) retail media players to the table will allow Pinterest to offer many smaller advertisers the ability to measure the efficacy of their ad spending. 10% of Pinterest鈥檚 advertisers are using its conversion API.

As the name suggests, one-click checkout allows customers to hit just one button to complete their purchase; it鈥檚 offered by retailers including Shopify and Amazon and payment providers like Revolut and PayPal.

Klarna launched a suite of retail tools in October including an AI-powered shopping lens, cash-back rewards in the UK, and shoppable videos. And Afterpay partnered with Rokt last week to display targeted offers in Afterpay鈥檚 checkout, which can help boost basket sizes. 3. Gift cards will be the second-most popular retail gift category, behind clothing.

Amazon has also done a very good job of licensing, especially World International Soccer in certain geographies where they're getting a lot of value out of that.

UK regulators could force Google to delay Privacy Sandbox: An internal report found that Privacy Sandbox doesn鈥檛 hold up to regulatory standards, dealing a blow to its rollout.

Daunt loosely based the revamped program on the membership program at Waterstones, the UK based book chain where he is also CEO. Rewards programs drive results: Inflation has made consumers more cost-conscious, which is why 50% of US consumers say loyalty programs are more important than ever, per LendingTree鈥檚 June 2022 survey. Rewards programs drive repeat purchases.

If we were actually good at using customer data, I'd feel richer than the Googles and Amazons of this world, but we don't live in that world and I think even, no offense to the banking sector out there, but if we were to look at the slight improvements we've done in data sharing over the past few years, at least in the UK and Europe, it's because of open banking, which the Regulator has essentially forced

Southeast Asia will be its top priority, followed by the UK and US. But there are serious regulatory hurdles to clear in the US, preventing TikTok from successfully creating a payments infrastructure there in 2024. X won鈥檛 become a super app in 2024.

Interactive displays and activities can incentivize in-store traffic, foster deeper customer relationships, and set brands apart from ecommerce-only brands, particularly Amazon.

Over 1 million people in the UK canceled their paid audio subscriptions in Q1 2022, chiefly citing money concerns, according to Kantar.

But consumers may be hesitant to spend in the current economic climate, especially in the US and UK. That鈥檚 why product quality is so important, according to Mills. 鈥淧eople do choose to spend more for something that they know has got good materials or good ingredients, whether that鈥檚 apparel or food and beverage.鈥�. Last call: No-alcohol options are becoming part of the overall beverage market.

European regulators intensified their investigations into Big Tech鈥檚 anticompetitive practices: Apple, Google, Meta, and Amazon parried with regulators throughout the year as various countries put tech giants in their crosshairs.

My question there is how can they compete with competition or are they seeing competition from cheap Chinese goods that are listed on Temu, SHEIN, and Amazon? Sky Canaves:. So I think they have the brand advantage. So Amazon has brands, but Temu and SHEIN really, it's basically commodified goods.

They have competitors like Amazon and Google that can keep music subscription prices really low and they don't really mind if it takes a financial loss.

Well, I think there's an obvious opportunity for competitors and I don't think that it's necessarily that the opportunity is only for e-commerce competitors like Amazon.