Luxury accessories, streetwear, and home decor send fewer of these buyers reaching for their wallets. More like this:. Report: China Ecommerce Forecast 2021. Article: How important will livestreaming be for social commerce in 2021? Article: The evolution of livestreaming shopping in China and what it means on a global scale.

For years, luxury brands around the world have been slow to adopt digital. But the pandemic has sped up the process, forcing many to pivot and innovate during a time when a large number of transactions are happening digitally.

The tie-up lets customers purchase the company’s luxury clothing and accessories in three or four installments. And with 4.5 million customers in 180 countries across four brands, the partnership can give a substantial boost to Klarna’s global volume.

Luxury brands soon followed, spurred in large part by the sudden cut-off of tourism from China and other Asia-Pacific countries. Consumers in Asia are among the keenest buyers of France’s luxury brands.

JPMorgan gives in: ‘Yes, you can have your crypto funds’: In a first from a big US bank, JPMorgan is offering some of its retail clients a choice of five funds. This could help the banking giant dissuade customers from moving funds to fintechs—and spur other incumbents to make similar rollouts.

eMarketer principal analyst at Insider Intelligence Andrew Lipsman discusses how holiday shopping in 2020 actually went: how much was bought online, whether "shipageddon" came true, and the retail winners and losers. He then explains the implications of Walmart's ecommerce boss leaving, Poshmark's and Affirm's IPOs, and why Peloton is buying Precor.

Yieldstreet’s services give retail investors access to a wider range of assets, which is why the platform has seen strong growth in recent years. Yieldstreet makes investment options available to retail investors that were typically reserved for high-net-worth individuals and institutions. Investments in alternative assets are often expensive and therefore not readily available to retail investors.

Lauren is focused on how to get the most out of videos within enterprises and also the utilization of video within retail and luxury ecommerce.

Business Insider Intelligence research analyst Daniel Keyes and eMarketer principal analyst at Insider Intelligence Andrew Lipsman discuss the future of grocery and why Instacart is leading the charge. They then talk about lululemon's magical Q2, what Amazon's latest wearable can do that others can't, and how Peloton's new equipment fits into its overall strategy.

“One, if you take a $1,000 luxury item, and you can actually get that same thing gently used for $500, it brings more people into that market. But then also, they can sell it on the back end. So if you say, ‘I can buy this for $500, but then maybe I can sell it in a couple of years for $300 or $250,’ that value equation is very different. Now I get that taste of luxury at a much more affordable cost.

For luxury markets, all circular models are profitable on a per-garment basis, with the most notable being the rental segment (61%), followed by recommerce—defined as the recovery and resale of garment by the original retailer—(39%) and subscription rental (30%).

eMarketer principal retail analyst Andrew Lipsman explains why second-hand shopping is bouncing back, and gives the most important takeaways from Walmart, Macy’s and J.C. Penney’s Q2 financials. He also explains how much ratings and reviews affect a company’s revenue, which US stores are closing down the fastest and who people are most likely to trust for shopping recommendations.

According to October 2020 data from social metrics firm Shareablee, apparel and accessories drove the highest share of social actions (55.7%) of any retail subcategory, followed by consumer electronics (15.4%) and sporting goods and equipment (8.3%). Apparel/accessories engagement is driven by everything from luxury fashion to youth fashion to athletic apparel to shoes.

In a difficult year for retail sales overall, the US retail industry will remain the largest spender on digital advertising among all verticals, despite a huge deceleration in growth.

On Tuesday, it announced a partnership with luxury ecommerce site Verishop to bring a mini version of Verishop’s fashion and beauty catalog to Snapchat. Its products can then be virtually tried on through AR and purchased directly from the platform.

The 2020 holiday season’s unprecedented ecommerce surge helped total US retail spending remain positive, setting the tone for healthy outlook for 2021 holiday season growth.

According to Alibaba, the number of high-end brands selling on its luxury ecommerce platform, Tmall Luxury Pavilion, should exceed 220 by the end of this year, up from 150 before the pandemic. “For months, Chinese luxury shoppers postponed luxury purchases because they prefer to travel abroad to buy these items,” said Malinda Sanna, founder and CEO of market research company Spark Ideas.