蘑菇AV

Fashion-focused online resale platforms are set to outpace total resale growth. Apparel is one of the most frequently purchased secondhand categories. Although it makes up less than a quarter of total dollars spent in resale, apparel is one of the most frequently purchased categories, according to a June 2023 survey from OfferUp.

Digital wallets are a key channel for this: Providers can fashion their mobile apps into shopping destinations to capture volume even on purchases for which consumers don鈥檛 want to use installments. They can also push Pay Now directly at checkout. For example, in February, Klarna launched Sign in with Klarna, which automatically fills in a user鈥檚 details at checkout.

The category is the third most popular for self-reward among this demographic, after clothing and dining out. Skin and hair subcategories are experiencing robust growth. These segments are showing resilience and expanding, even as other parts of the market lag slightly.

While the fast-fashion-oriented Shein has struggled to develop its marketplace, TikTok Shop has been more successful. The platform reportedly generated about $1.7 billion in US sales in 2023 after debuting in August. TikTok has a target to increase gross merchandise value to $17.5 billion in 2024 by aggressively courting brands, sellers, and influencers.

The losers: Unsurprisingly, the retailers that struggled the most this year largely rely on discretionary spending in categories like apparel, home furnishings, and consumer electronics. Macy鈥檚 faced no shortage of competition from off-price retailers, brands, and mass merchants like Amazon.

Computers, electronics, and apparel lead the way, while grocery and auto parts lag. Amazon is the dominant ecommerce player. The company commands a 45.2% share of ecommerce sales this year, capitalizing on limited domestic competition. Ecommerce sales penetration is plateauing in Canada. Online sales are leveling off after a decade of high annual growth.

We expect holiday retail sales to grow 4.3% YoY this year, with strong gains in categories such as food and beverage; apparel, footwear, and accessories; and health and personal care. Go further: Check out our US Holiday Shopping 2024 report.

The tool will span categories including home goods, electronics, and clothing. Google is expanding Google Pay's payment options by adding Afterpay to its existing buy now, pay later partners Affirm and Zip, with Klarna coming soon. Our take: Google is one of several notable companies turning to retail and ecommerce to boost engagement and deepen consumer connections.

It relaunched its Formula 1-inspired 鈥淪peedcat鈥� shoe (first released in 1999) and the item was named one of the top 3 of 鈥渉ottest products鈥� in Q3 Lyst Index, which ranks the most sought-after items in global fashion. It has also embarked on several collaborations, which include with Rihanna鈥檚 Fenty x PUMA Avanti sneaker campaign, fashion brand Heliot Emil, and luxury streetwear brand Kidsuper.

Retail: Includes mail order/catalog; restaurants/fast food; drugstores; retail stores; cosmetics stores; and merchants of apparel, home furnishings/textiles, toys, pet food/supplies, appliances, jewelry, and general merchandise. Travel: Includes airlines, car rental agencies, hotels and resorts, cruise lines, destination marketing organizations; includes both leisure and business travel.

For example, Sephora began carrying the eponymous line from beauty product developer Sarah Creal, aimed at Gen X beauty consumers, while Nordstrom launched Gen Alpha-focused beauty kiosks in its teen apparel departments.

"And so when you want to try out the shoes, you've got to try out their shoes and then either go to a Nike store or order Nike shoes online and see how those compare to the shoes that you bought or tried on in the store. And that's just not a process that most people are going to engage in.". Competitors are thriving as Nike struggles.

The vast majority of the low-cost fashion goods it sells under its brand name are produced by a network of contract manufacturers in China and shipped directly to US buyers under the de minimis exemption. How will the elimination of the de minimis tariff exemption affect US retail and ecommerce? The direct-from-China model won鈥檛 work anymore for low-cost goods.

On today's podcast episode, we discuss the unofficial list of the most interesting retailers for the month of February. Each month, our analysts Arielle Feger, Becky Schilling, and Sara Lebow (aka The Committee) put together a very unofficial list of the top eight retailers they're watching based on which are making the most interesting moves: Who's launching new initiatives? Which partnerships are moving the needle? Which standout marketing campaigns are being created? In this month's episode, Committee members Analyst Arielle Feger and Senior Analyst Sara Lebow will defend their list against Vice President Suzy Davidkhanian and Senior Analyst Blake Droesch, who will dispute the power rankings by attempting to move retailers up, down, on, or off the list.