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eCommerce News Weekly Update Vol 31.
This week we prepared five eCommerce news for you to catch up with.
According to Barclaycard, consumer spending by Brits in 2021 is 5.9% higher than in 2019. Thanks largely to increased online shopping and record levels of savings, the amount Brits save as a percentage of their total disposable income in early 2021 rises from 16% to nearly 20%, making it the second-highest level since records began in 1963.
Online retailers saw a 62% increase in sales compared to brick-and-mortar stores. With longer stays at home, sales of DIY and pet products have increased significantly, with sales at UK pet retailers increasing by 29.1%.
Demand for electronics was also high in the UK in 2021, with spending on gaming consoles also up 10.3%. Sports and outdoor retailers saw a 21.9% increase in sales. Sporting goods, apparel, health and beauty retailers all saw a boost in sales.
The United States Postal Service (USPS) delivered a satisfactory end-of-year peak season - parcel delivery on-time rate of nearly 90%, an improvement of 1.24% from the previous quarter.
As the New Year begins, the United States Postal Service (USPS) is experiencing another round of challenges from the new crown epidemic. As of Christmas Eve 2021, approximately 6,500 postal workers were in quarantine due to the virus. This week, that number has risen to 8,000.
Not only the U.S. Postal Service (USPS), but logistics companies around the world are experiencing staff shortages as omicron spreads rapidly. In aviation, more than 2,000 U.S. flights were canceled on Jan. 2 local time, and more than 11,000 flights worldwide were delayed or canceled.
According to international market research firm research and markets' e-commerce market report, approximately 10% of online sales are expected to be in the hands of the fashion industry between 2020 and 2025.
That's because as the epidemic continues. Sales in the global fashion market will continue to shift online.
The report says U.S. online retail sales of apparel and accessories will grow 19% year-over-year from 2018 to 2020, making it the fastest-growing product category in the region.
Shopify Product Director Amir Kabbara says consumers are expected to place more emphasis on personal health in the new year, with beauty and wellness products such as sleep gummies, massage guns, filters, exercise mats, and hair and skin-care products continuing to sell well.
Johnson, an Etsy trend expert, said "People are finding that creative products are bringing joy to their lives, especially when they make them themselves.
On Shopify, toys, games, and DIY materials are among the top-selling categories in 2021, highlighting that consumers are looking for creative and fun selling points.
During the epidemic, there was a surge in the number of people who had pets for warmth and companionship. These pet friends will continue to drive consumer shopping habits into 2022.
The holiday shopping season is nearing its end. In this succession of holidays, many U.S. consumers have purchased gifts for themselves or their family and friends.
After conducting a holiday shopping survey of more than 1,000-holiday shoppers, U.S. coupon site RetailMeNot found that more than 38 % of shoppers will return holiday gifts they don't want.
The survey also found that holiday shopping will continue into the new year, with about 51 percent of shoppers saying they will continue holiday shopping after Christmas.
As for the reasons for continuing to shop after the holidays, 48 percent of respondents said they will look for better value after holiday deals, 34 percent said they plan to shop on their own, and 9 percent said they will buy items they were unable to purchase on Black Friday and during the holiday season due to stock shortages.