Shopping

[New] While M&S is rapidly losing sales and closing shops, Primark is expected to account for £1 out of every £14 spent on clothing in the UK this year.
[New] Online sales are predicted to grow to $765 billion in the next 3 years.
[New] Apple Pay is expected to be the most popular mobile payment method for U.S. shoppers by year's end, with 30.3 million U.S. users, compared with 25.2 million for the popular Starbucks payment app.
[New] In China, 600 million people will use their phones to make mobile payments as of the start of 2019, about 550 million people will regularly use their smartphones to shop online, and about 200 million people will use bikesharing services.
[New] When global e-commerce sales are expected to break £2.2 trillion in 2019 and 51% of UK consumers prefer online shopping over going to physical storefronts, it's a given that more vape retailers will offer their products over the internet this year.
[New] U.S. shoppers will spend a total of $8.8 billion this year on Halloween, slightly down from last year's $9 billion.
[New] About 81% of smartphone users in China will use mobile payments this year, compared to just 27% in the U.S.
[New] In the UK grocery sector, the rise of online sales is particularly significant, with transactions more than doubling between 2010 and 2016, and total value rising to a forecasted £196.9 billion in 2021.
A 2017 study from Nasdaq on e-commerce and online shopping showed that around 22% of the world's population purchases online, and that by 2040, e-commerce will account for 95% of all purchases.
Sustainable product sales reached $128.5 billion in 2018, up 20 percent from four years prior; Nielsen projects 2021 to cash in on $150 billion worth of sustainability sales.
Global eCommerce sales will reach $4.8 trillion by 2021, and 2.1 billion shoppers will buy goods and services online.
Families in the United States are expected to spend more on back-to-school shopping this year than last.
Consumers are flocking to eCommerce, and more than 230 million U.S. consumers are expected to be shopping online by 2021.
By 2021, the number of smart speaker shoppers will grow to 38 million.
Concerns over Amazon's issues with fake product reviews may be giving other retailers an edge: 44% of shoppers say fake reviews will impact their participation in Prime Day 2019, and 37% say they are cautious about shopping on Amazon.
The rise of online shopping has proved as beneficial to legitimate consumers as it has to counterfeiters, with the sale of counterfeit goods now expected to reach $1.8 trillion by 2020.
The number of U.S. consumers who shop by smart speaker is expected to rise 31.6% to 31 million this year, and by another 11.8% to 34.7 million in 2020, researcher eMarketer forecast.
With more and more consumers realising that experience - not material possessions - create long-lasting satisfaction, travellers will spend more time and money on outings like sporting events, shows and gastronomic experiences over shopping in 2019.
The Irish online shopping market is worth €7 billion, 14 a figure that is expected to increase at a compound annual growth rate of 8.6 percent out to 2021.
Companies that are seeking to enter the EV market could consider entering the market with electric trucks, as with the growing popularity of online shopping in recent years, demand for trucks for making home deliveries is expected to grow at a robust pace in the coming years.
Families in the U.S. are expected to spend an average of $696 on back-to-school supplies this year, the highest amount ever recorded by the National Retail Federation.
Online grocery shopping could grow fivefold over the next decade, with American consumers spending upwards of $100 billion on food-at-home items by 2025.

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Last updated: 17 November 2019