Fast-fashion eCommerce marketplaces including Wish, Shein and relative newcomer Temu are reeling as inflation presses down and consumer buying behavior shifts, creating a drag on the sector and leading to revisions in critical operational elements to reignite momentum. This was clear on the Wish fourth-quarter...
Sellers of children’s clothing are reducing their inventories as parents grow cautious in their spending. Young children’s apparel marketer Carter’s said in a Friday (Feb. 24) earnings release that demand slowed and the market was “very promotional” during the fourth quarter. “In 2023, we expect...
BigCommerce expects inflation and interest rates to slow its revenue growth this year. The Software-as-a-Service (SaaS) eCommerce platform said in a Thursday (Feb. 23) earnings release that it expects year-over-year revenue growth of 8% to 12% in 2023 after having achieved a growth rate of...
Procter & Gamble’s CFO says the company is at something of a price increase crossroads. Speaking at an industry conference Thursday (Feb. 23), Andre Schulten said the consumer packaged goods giant wants to balance higher costs with savings on productivity to keep the need for...
This week in grocery, Amazon backs an online grocery startup, Giant leverages video and self-checkout evolves. In Amazon’s ongoing efforts to grow its share of perishables, the company has invested in a direct-to-consumer (D2C) company in India, FreshToHome, which sells meat and fish online to delivery to consumers’...
For Mytheresa, the high-end retail segment is diverging. This, as the newly listed luxury brand marketplace says it sees a difference between what it calls “aspirational” customers and “wardrobing” shoppers, who frequent its upscale eCommerce site. Where the former saw weakness, the latter saw strength...
Chinese eCommerce giant Alibaba is still suffering the effects of COVID-19. The company released earnings results Thursday (Feb. 23) showing growth of 2%, a slower pace than its last quarter, as the retailer dealt with the continued impact of the pandemic in China. “We delivered...
Dollar General said a December storm kept it from meeting its expected financial results. The retailer said in a Thursday (Feb. 23) press release that its same-store sales increased 5.7% in the fourth quarter, below its previous expectation of 6% to 7%, and increased 4.3%...
Etsy is continuing to upgrade its search function after seeing record revenue during the holidays. The eCommerce marketplace released earnings results Wednesday (Feb. 22) that showed revenues increasing 12.6% in the last quarter of 2022, driven in part by the holiday shopping season. “We had...
