General Market Currents
After two turbulent years, retail sales growth will slow in 2022 before returning to pre-pandemic levels next year. Ecommerce sales growth will fall below 10% this year, its lowest rate since 2009. In-store spending will see stronger-than-typical growth for another year as consumers continue returning to physical locations. Despite the slowdown, eCommerce sales will hit $1 trillion for the first time in the US.
What areas and opportunities in DTC eComm are ripe for innovation over the next few years?
Inflation is expected to change holiday shopping behaviors as consumers look for ways to score deals and minimize expenses.
Many shoppers are already struggling with elevated back-to-school costs, which could eat into budgets for the rest of the year and cause households to scale down holiday celebrations.
In this week's Carrier Update, Shawn highlights the following:
As the hordes of Black Friday shoppers descended on the mall, one group, in particular, was causing a stir.
The beauty industry is worth billions of dollars, and it's no secret that insiders hold all the cards when it comes to cashing in.