Retailers are relying more heavily on the metaverse to make sales and are using artificial intelligence to boost shoppers’ confidence in secondhand markets. Plus, small businesses need to use digital technology to win customers this holiday season.
Data:
$3T: Size of the retail counterfeit industry.
$4,115: Highest price for a virtual Gucci bag sold online in May.
318: Number of Dyson stores.
$1.3T: Projected holiday spending in November and December.
19%: Share of consumers planning to spend more on holiday shopping this year than in 2020.
