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Consumers Are Getting High on Consumption Addiction
Manage episode 403989140 series 2829840
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There’s a store across the street and thousands more just a key tap away. Consumers are addicted to the explosion of websites, marketplaces, and direct-to-consumer brands flooding cyberspace. The upside for consumers is lower prices and anything they want; the downside for brands is the impact on the environment and a race to the bottom.
Join Robin and Shelley as they pull the curtain back on the U.S. retail marketplace. Quick preview: U.S. marketplace retail sales grew by an estimated 10.2% YoY in 2023 to nearly $385 billion and represent one-third of all ecommerce sales. Globally, ecomm sales are 19.5% of total retail sales and will grow to 23% by 2027. Amazon, Walmart and Temu lead the pack!
For more strategic insights and compelling content, visit TheRobinReport.com, where you can read, watch, and listen to content from Robin Lewis and other retail industry experts, and be sure to follow us on LinkedIn and Twitter.
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