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The UK鈥檚 ecommerce habits make it a prime testing ground for TikTok鈥檚 shopping tools. The UK is much closer to China in terms of ecommerce sales as a proportion of total retail. It places second by this measure, at 32.0%, behind 颁丑颈苍补鈥檚 45.9% and well ahead of the US鈥檚 15.6%, per our forecast. And TikTok is banking on this translating into comfort with social buying.

Consumers stick with retail brands that reflect their identity, act with integrity, and make them feel good鈥攅specially when those brands recognize loyal customers. Perks like early access matter, but tech like AI only resonates when it genuinely makes shopping easier. To keep people engaged, brands should focus on making all customers鈥攆rom high earners to rural shoppers鈥攆eel seen and valued. Here鈥檚 how consumers view their favorite brands and how brands can provide more value to loyal customers.

Amazon can stake a claim as one of Canada鈥檚 top mass merchants, even without having physical stores. It has reached this milestone after more than three years of accelerated retail ecommerce in the country.

颁丑颈苍补鈥檚 ecommerce disruptors will get disrupted. Shein, Temu, and TikTok Shop face a reckoning following breakneck worldwide expansion. The crop of mobile-first ecommerce players with roots in China have taken off with consumers around the world.

European Broadcasting Union (EBU). FIFA. France 24. Haaretz. Institute for Advanced Studies (IHS). International Olympic Committee (IOC). Ipsos. Malm枚 stad. Municipality of Tel Aviv-Yafo. NatWest. Nielsen. Stockholms stad. The Telegraph. TikTok. Union of European Football Associations (UEFA). Wien Holding. Wonderful Copenhagen. YouGov.

TikTok fads like 鈥渃ash stuffing,鈥� where shoppers put money in envelopes to control spending, could be behind that uptick. Trendspotting: Cash鈥檚 appeal as a budgeting tool during downturns and a post-pandemic rebound for in-store shopping are helping reverse a yearslong decline in cash use.

The BNPL provider pushed the Affirm Card and notched new partnerships to stay ahead of competition.

ChatGPT is the talk of 2023. In the banking industry, generative AI technology has promising use cases in marketing and customer service, and it has the potential to make machine learning applications more accurate and efficient.

The fintech is focused on expanding in foreign markets like India and improving products at home with higher-rate savings accounts.

And Spotlight, a collection of new and revamped services including a search engine and video content for shopping, demonstrates its ambitions to become a super app. It used partnerships to branch out. Klarna expanded its tie-in with Marqeta to bring physical cards to the US and launched BNPL products focused on groceries.

Compared with its closest European neighbors, adults in the UK are less engaged with media overall鈥�10:09 this year, behind 10:14 in Germany and further behind 10:55 in France. Its North American counterparts are even further ahead鈥�11:31 in Canada and 12:37 in the US. Digital continues to gain an increasing share of media time. Proportionally speaking, media time is most likely digital time in the UK.

Read the full report, Worldwide Retail Ecommerce Forecast 2024 Midyear Update.

Alipay has expanded its merchant acceptance internationally through partners like Adyen, which made Alipay+ accepted at its point-of-sale (POS) terminals in the US and Europe.

The global economy is likely set for a soft landing, inflation is cooling off, and the worst is seemingly over in Europe and China. As a result, we anticipate a steady retail environment for the next several years across most regions of the world.

As competition intensifies, BNPL firms are expanding into industries like healthcare, housing, and grocery shopping. And companies having a harder time accessing credit presented opportunities to expand into business payments. The increased competition has also driven BNPL firms like Klarna to launch non-BNPL products. Banks and payment giants are embracing BNPL.

It wants to lean on AI to attract users, while new environmental-focused features should strengthen its brand with younger shoppers.