eCommerce News Weekly Update Vol 37.
This week we prepared five eCommerce news for you to catch up with.
American shoe sales hit 100 billion, fashion footwear may recover
The average price of Footwear in the US will continue to rise through 2024, but at a slower pace than last year, partly because of increased promotional activity, according to the NPD group’s “Future of Footwear” report.
In terms of style, NPD data showed that the number of comfort footwear and Performance categories footwear was still the highest outperforming fashion footwear.
However, sales of fashionable footwear this year are expected to surpass 2019 levels as more people resume outdoor social activities.
Pet grooming products become popular, with the strongest demand in Europe and the US
The Insight Partner mentions that by 2020, Europe holds the largest share of the global pet grooming products market.
In terms of product type, the pet grooming products market can be segmented into shampoos and conditioners, grooming tools, combs, brushes, etc.
Among these, shampoos and conditioners accounted for the largest share of the global pet grooming products market in 2020. Sellers can pay proper attention to the corresponding market and try the selection of relevant categories.
Three in ten online fashion items are returned, with the highest return rate in the US!
Recently, returns management company Cycleon has conducted a survey of over 2,600 online fashion shoppers in the US, France, and the UK. More than a third (34%) of US shoppers say they regularly return fashion items purchased online, compared to just 20% of European shoppers.
At the same time, US consumers are also more willing to pay extra for returns. Nearly two-thirds (64%) of US consumers say they are willing to pay extra for a green return when returning a package: compared to less than half (47%) of European shoppers who agree with this practice.
UPS and FedEx stop shipments to Russia and Ukraine
Recently, two of the world’s largest logistics companies, United Parcel Service (UPS) and FedEx Corp, said that in light of the current tense situation in Russia and Ukraine, they will suspend delivery services to Russia and Ukraine in order to ensure the safety of the people involved.
In addition, FedEx shipments to and from the United States, Canada, and Latin America may be delayed due to operational challenges associated with Omicron-related reasons. FedEx Express has contingency plans in place, including plans to add additional capacity for shipments that are delayed.
Etsy share price soars on good Q4 earnings
According to CNBC, the Etsy platform reported its fourth-quarter results on Thursday local time, and the company’s stock climbed 18% in extended trading on the day, with shares climbing 10% in regular trading after figures showed better-than-expected results.
Etsy said there were 96.3 million active buyers on the platform as of the fourth quarter, slightly higher than the 95.6 million analyzed counts.
Revenue growth slowed to 16 percent year-on-year in the quarter. Etsy’s sales growth, which reached 100 percent in 2020, has slowed in recent quarters.