US grocery ecommerce sales will grow 17.4% in 2024 to total $219.04 billion, according to our forecast. Meanwhile, UK grocery ecommerce sales will grow only 5.1% to total $37.06 billion in 2024. “At the end of the day, consumers in the US enjoy the conveniences of delivery, but they’re not necessarily willing to pay an exorbitant fee,” said our analyst Blake Droesch, emphasizing the perceived value of Walmart+ and Amazon Prime memberships to these shoppers.
The company also collaborated with partners such as Bad Bunny, Wales Bonner, and Edison Chen. It also sold off the last of its once-lucrative Yeezy sneaker line’s inventory in Q4; Yeezy generated revenues of around €650 million ($700.8 million) in 2023.
UK budget spells trouble for retailers, warns Currys: The electronics chain says tax hikes will push costs onto consumers and limit its ability to hire more workers.
In a May 2023 Salesforce survey, almost 40% of US, UK, and Australian marketers said they don’t know how to use genAI safely, and 70% said their employer doesn’t provide them with genAI training. Personalized product recommendations. Why genAI?