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Areas with strong ecommerce potential include beauty ecommerce resale and rental, off-price, and limited-edition collaborations with non-luxury brands.

As engagement continues to shift to digital channels, QVC is hoping to shift with it: The company is looking to reinvent itself as a 鈥渓ive social shopping company,鈥� with the aim of generating $1.5 billion in run-rate revenues from social platforms within three years, according to a March letter to shareholders.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

But reports of declining overall sales in China brought Apple shares down 1.3% the day after it reported its earnings. Wearables revenue dropped 3.3%, which could be due in part to declining sales of its Vision Pro headset.

On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss what TikTok's flywheel looks like, its latest efforts to build out its own shopping platform, and what the social network has that Meta doesn't. Then, for "Pop-Up Rankings," we rank our top four existing TikTok copycat apps. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Jasmine Enberg.

Amazon dominates in the US, but Mercado Libre is a major player in Latin America, and in China, Alibaba, JD.com, and Meituan contribute to ad inventory, our Worldwide Retail Media Ad Spending Forecast 2024 report noted. 5. Retail media will make up more than half of US search ad spend growth. Retail media will drive US search ad spend growth in the US in 2024 and beyond.

But that said, we have a whole new wave of e-commerce marketplace players moving into the US in a big way and trying to shake things up. I think they will have some impact. These new players have their roots in China.

Ad spending devoted to ecommerce is the reason why the retail industry will account for more than a fifth of total digital ad spending in the UK this year. Proportionally, though, retail ad spending has been in stasis thanks to a dip in ecommerce spending.

That the company would consider allowing other brands to capitalize on its own competitive advantage shows how pressured the retailer is by Temu鈥檚 well-funded rise and Amazon鈥檚 maneuverings to maintain its ecommerce dominance. A supply chain offering could go a long way toward improving Shein鈥檚 margins, which were just 3.5% in 2022鈥攏early three times lower than Inditex鈥檚 in the same period.

Still, 76% anticipate changing shopping habits due to tariffs, per Numerator. Brands need the right messaging to retain those consumers.

After its US launch in September, TikTok Shop faces its first holiday season, heating up competition in the social commerce space.

罢颈办罢辞办鈥檚 ecommerce push could be driving down engagement: Users are steering clear of Shop posts as the platform struggles to clean up the marketplace experience.

It continued its US expansion by shipping more apparel and home goods items to US warehouses from China to speed up delivery times, partnered with fellow fast-fashion brand Forever 21 on a co-branded clothing line and a physical pop-up store, and filed for an IPO.

Over the past few years, Walmart has opened its marketplace to international merchants from China, Canada, Japan, and the UK, according to our US Retail Ecommerce Marketplaces Forecast 2023 report. Now, the marketplace offers around 400 million SKUs from marketplace sellers, up from 75 million pre-pandemic, per our report.

So looking to China, Alibaba, Taobao, big e-commerce platform, they have a pretty good model they introduced a few years ago with the pandemic. They really had to make sure that seniors could use mobile apps for e-commerce as well. They added features like voice shopping and simplified navigation and more support features.

The survey was conducted in China, Germany, Saudi Arabia, the UK, and the US.

The big takeaway: As TikTok prepares a large-scale ecommerce push in North America, it is competing with Temu, Shein, as well as Amazon. That鈥檚 forcing it to look for ways to stand out in an environment where Temu also offers a full-custody model and Shein is waiving commissions on a selective basis. However, in the push to grow its merchant base, it may be entering a race to the bottom.

On today鈥檚 podcast episode, host Bill Fisher is joined by our researcher Man-Chung Cheung and analyst Carina Perkins to examine 罢颈办罢辞办鈥檚 ecommerce plans around the world, looking at what鈥檚 driven success in some markets and held it back in others.

The platform launched an in-app checkout feature in the US in February and has been quietly testing an affiliate program for US creators to boost adoption of its TikTok Shop program. Another platform going all in on social commerce is Pinterest. In February, CEO Bill Ready said the company plans to embed shopping into every aspect of the core platform experience.

He鈥檚 expected to delay broad tariffs on China his first day in office, which would have had immediate implications for car manufacturers鈥攁s many source parts from China. We will continue to track the president鈥檚 final decisions and how any changes impact insurers.

Visa estimated that the global personal consumption expenditures in 2022, excluding Russia and China, was roughly $40 trillion. It says its addressable opportunity is more than $20 trillion of that spend. Half of that opportunity, per McInerny, is converting cash and check payments. Another is ACH and other electronic transactions.

On today's episode, we're at Shoptalk 2023 discussing why influencers might be the key to unlocking livestream shopping, what folks on the floor are saying about generative AI in retail, and how one company plans to redefine the fulfillment experience. In our new "From the Shop Floor" segment, we bring you the best bits from the most interesting retail events. Join our analyst Sara Lebow as she hosts vice president of content Suzy Davidkhanian and chief content officer Zia Daniell Wigder, live from this year's Shoptalk event.