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We expect online cosmetics and beauty sales to grow more than twice as fast as in-store sales this year, in part due to efforts by Amazon and Walmart to broaden the selection of brands鈥攑articularly premium ones鈥攐ffered on their marketplaces, as well as sales events like Amazon鈥檚 upcoming Holiday Beauty Haul.

European marketplace Zalando has developed a ChatGPT-powered personal fashion assistant, which is currently in beta testing. Designed to aid with product discovery and navigation, the tool recommends products via a conversational interface. For retailers, hyper-personalization has benefits鈥攁nd potential pitfalls. Consumers appreciate AI-driven innovation but are wary.

Direct-to-consumer models, online marketplaces like Amazon, and traditional, wholesale retail offer opportunities. To compete, retailers should evaluate where they can best position their products, particularly in categories where Amazon is less dominant. Expanding into international markets.

While its ad business has yet to be a major revenue driver, it continues to build scale and attract more advertisers, with deals made through major programmatic marketplaces like Google Display & Video 360 and The Trade Desk. The company is experimenting with shoppable content in shows like 鈥淓mily in Paris,鈥� which could become a new revenue stream if consumers embrace it.

PayPal, Revolut, and Klarna now offer marketplaces of goods or services based around payment solutions. Social apps boost shopping functions. Social commerce is a decade old, but better integration with payments and fulfillment services led to a healthy 26.3% growth rate in 2023. Services apps join the fun.

Even minimal investments in logistics, payments, or digital marketplaces could help drastically improve consumers鈥� online shopping experiences, all while giving them a fighting chance to gain market. Digital marketplaces fueled retailers鈥� bottom lines. Retail marketplace ecommerce sales growth outpaced total retail sales by a considerable amount.

Banks aren鈥檛 happy: The American Bankers Association (ABA) has reacted to the final rule by accusing the CFPB of 鈥渄evolv[ing] into a press-release-driven, political exercise based on the false premise that consumers lack choices and a misunderstanding of whether Dodd-Frank grants CFPB the authority to radically reshape the financial services 尘补谤办别迟辫濒补肠别.鈥�.

Still, we expect its US marketplace sales to grow 136.5% this year to $19.39 billion鈥攅xceeding its total GMV in 2023. Go further: Read our report on The US Online Marketplace Shopper.

Amazon鈥檚 ad offerings have been heavily integrated with its retail business, enticing sellers to spend more on the platform and encouraging advertisers to list their products on Amazon鈥檚 marketplace. AI ad tools can help Amazon and other platforms open new pools of spending from brands that were hesitant to invest in creating their own ads.

This change follows last week鈥檚 Department of Justice (DOJ) antitrust ruling that Google must open Android to third-party app marketplaces and stop requiring Google Play billing for apps in its store. The DOJ鈥檚 order takes effect November 1 and will last for three years.

Particularly if they have to open up their marketplace to allow sellers to use alternate fulfillment options, or give them more freedom to adjust prices on other marketplaces. Jeremy Goldman (11:18):. I think it's worth mentioning that even though we're expecting a more free market, let's say kind of a less regulatory environment over the next four years, doesn't mean necessarily that every company...

Marketplace sellers are a growing $600 billion opportunity ripe for modern card issuing solutions. Marketplaces benefit from modern card issuing data insights and efficiencies. Marketplace ecommerce sales will grow at an 11.9% average annual rate between 2023 and 2027 to top $600 billion, per our forecast.

Programmatic has effectively become the defining mechanism for delivering ads. This benchmark guide unpacks how programmatic advertising is shaping spend in key channels.

Online marketplaces will gain further ground. Consumers will remain relatively cautious with their spending in 2024 and will appreciate the prices, selection, and convenience that online marketplaces offer. Secondhand shopping will continue to rise.

Others are launching peer-to-peer marketplaces that enable people to buy and sell their products. Partnerships are helping brands scale at pace.

Just 10% of the dollar store鈥檚 customers shopped from the Chinese ecommerce marketplace this quarter. But those who did spent $141 with the retailer, compared with $136 at Dollar General. Why it matters: Temu鈥檚 growing influence underscores the challenges Dollar General鈥攁nd dollar stores in general鈥攁re facing.

Online marketplace Meesho roughly doubled last year鈥檚 order volume in the first day of its 鈥淢ega Blockbuster Sale鈥� that began the same day, per Indian Retailer.

Facebook Marketplace is a prime example, as it鈥檚 where people go primarily to search directly for secondhand goods from other users. Marketplace is also a major reason why Facebook has a strong lead in social commerce and one of the few areas of the app where Gen Z spends time.

Marketplaces are growing in importance. Amazon鈥檚 third-party marketplace has been driving its ecommerce growth and now accounts for nearly two-thirds of its sales. More broadly, US retail marketplace ecommerce sales will grow by 10.2% this year to nearly $385 billion, representing more than a third of total retail ecommerce sales. And we expect the marketplace share of ecommerce to continue to grow.

The news: Richemont agreed to sell Yoox Net-A-Porter (YNAP) to luxury etailer Mytheresa roughly a year after its attempt to sell the business to luxury marketplace Farfetch fell apart. Why is this happening: Richemont struggled to turn YNAP into a profitable venture.

Impact on advertisers: Reducing the number of scammers on Facebook, especially on its marketplace platform, could help users trust its listings and advertisers more. Placing genuine ads alongside harmful scam content can tarnish brand names by association.

We expect roughly two-thirds (67.2%) of Amazon鈥檚 US ecommerce sales will stem from its marketplace this year, up from 65.7% last year, and a considerable increase from 58.2% in pre-pandemic 2019. Our take: 鈥淏uy It Now鈥� is a savvy move by Amazon to seamlessly marry content and commerce.

Walmart Connect's growth has been fueled by a surge in advertiser participation, including marketplace sellers. The company's strategy of leveraging its vast customer base and omnichannel capabilities allows advertisers to reach consumers more effectively.