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Global comparable sales fell 7% year over year (YoY), twice as much as analysts expected, due to weakness in both the US and China. US comparable transactions fell 10% YoY, although the decline was partially offset by a 4% increase in average ticket; China comparable sales fell 14% YoY, due to an 8% decline in average ticket and a 6% fall in transactions.

鈥溎⒐紸V half of Amazon's top 10,000 sellers are based in 颁丑颈苍补,鈥� Marzano said. But many of these sellers may not have any choice but to continue spending on US-based retail media networks. 鈥淚f you take Amazon, Walmart away from a lot of these smaller, independent Chinese sellers, they basically lose their ability to access US consumers.鈥�.

Chinese electronics brand Anker raised prices on 127 Amazon-listed products, with an average increase of 18%, per Mashable. Sexual wellness brand Dame added a $5 鈥淭rump Tariff Surcharge鈥� to all products made in China, noting that the fee doesn鈥檛 even fully cover the added cost.

Still, Shein remains wildly popular with shoppers. The total value of goods sold on the marketplace鈥攊ncluding from third-party sellers鈥攔ose 40% YoY, roughly in line with last year鈥檚 growth. Our take: Shein certainly faces its share of growing pains.

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TikTok Shop could be a gamechanger. Launched in September 2023 in the US, TikTok Shop hopes to bring Asian-style social shopping to its huge Gen Z audience. Along with shopping livestreams, which so far have fizzled in the US, TikTok Shop also includes shoppable video and a marketplace.

Twenty-three percent of shoppers have started cutting back on nonessential purchases鈥攅ven before most price increases have appeared on shelves. More ominously, 37% plan to reduce spending during the summer and holiday periods. Small businesses are growing more pessimistic. The NFIB Small Business Optimism Index fell 1.6 points in April, the second straight month below its 51-year average.

US TikTok Shop employees prepare for layoffs: Tariffs and de minimis changes have pushed the platform鈥檚 ambitious commerce goal further out of reach.

This coincides with President Donald Trump saying parcels under $800 from China would no longer be exempt from customs duties. Shein鈥檚 US sales fell 16% during the same period. Trump has since paused the removal of the duty-free exemption, but this data suggests trouble for retailers shipping from China if and when the move happens.

Amazon shrugs off economic pressure: The retail giant says it hasn鈥檛 seen any meaningful average selling price increases, nor have shoppers pulled back spending.

At Auger鈥檚 helm is Dave Clark, a longtime Amazon executive who oversaw the ecommerce giant鈥檚 massive delivery operations before stepping down in July 2022 to become CEO of freight company Flexport.

Temu, Pinduoduo anger Chinese sellers as push for lower prices and generous returns policies eat away at profits: That could complicate the former鈥檚 efforts to win over US merchants

Indonesia has become a hotbed for ecommerce and social media, and sub OTT has momentum in Southeast Asia鈥檚 largest market as well. In 2024, the country will post the world鈥檚 fastest sub OTT viewer growth among the countries that we break out. That said, penetration will still be very low (15.5% of internet users), and Indonesia has a long way to go before it will become a core sub OTT market.

Luxury ecommerce is a tough place to play: That鈥檚 why Cartier owner Richemont is selling Yoox Net-A-Porter to Mytheresa鈥攐ne of the few platforms that has found sustained success.

TikTok Shop combined subsidies for brands and sellers with coupons and promotions for shoppers to drive sales. It is also investing heavily in promoting livestream shopping, which has been a major part of Chinese counterpart Douyin鈥檚 quick rise as an ecommerce powerhouse. How can brands and retailers set themselves up to win the holiday season?

Ant Group鈥檚 cross-border payments arm will help wallets from across Asia-Pacific operate in mainland China during the 2022 Asian Games.

Is India the next China? Retailers from Apple to Dior to Levi鈥檚 are looking to expand in the world鈥檚 fastest-growing retail market, but success isn鈥檛 guaranteed.

On today's podcast episode, in our "Retail Me This, Retail Me That" segment, we discuss why folks are shopping more on their mobile devices and the role of mobile in-store. Then, for "Red-Hot Retail," our analysts give us some spicy predictions about the future of mobile shopping. Join our analyst Sara Lebow as she hosts analysts Carina Perkins and Yory Wurmser.