China’s top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing’s efforts to curb the country’s ever-expanding internet titans .
“Today, Alibaba Group has received notification from the State Administration for Market Regulation that an investigation has been initiated into the Company pursuant to the Anti-Monopoly Law. Alibaba will actively cooperate with the regulators on the investigation,” Alibaba said in a statement.
Were you following this:
Digital-First Economy Redefines Retail | PYMNTS.com
When it's said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The numbers speak for themselves. PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over.
It was the catalyst for most every business dynamic in the category. It produced several payment trends, which can be found in the How We Shop report. From a strictly retail perspective, however, the digital shift produced three major trends, presented here with quotes from executives that appeared on our pages: direct-to-consumer sales, the continued decline of malls and department stores and the accelerated growth of Amazon, Target and Walmart.
Boxing Day bots: Threats to e-commerce and how to stop them | TechRadar
Black Friday may only be just behind us, but already the Boxing Day sales will be front of mind for retailers looking to end 2020 on a high. And it's critical for retailers to find and take advantage of every opportunity this holiday season, especially online. Last year, Brits spent £100 billion during the holiday shopping season.
Yes, this does present a fantastic opportunity for retailers in that there are new audiences who will be receptive to online shopping in a way they may not have been before. What's more, shoppers may find that they're buying more things online than they have in the past, e.g. groceries and toiletries. Retailers have a chance to win the loyalty of customers who've never considered or engaged with products or services like theirs.
Atlanta adds jobs; mostly e-commerce and seasonal
Metro Atlanta rang up a seventh consecutive month of job growth in November, but the growth in jobseekers was faster, causing the unemployment rate to rise from 4.6% to 5.6%, the Georgia Department of Labor reported Thursday.
But the labor force — which includes those who have a job or are seeking one — increased by 42,575 during November, outpacing job growth.
Metro Atlanta has 85,000 fewer jobs than a year ago, but it keeps moving in the right direction, said Mark Butler, the state's labor commissioner .
Many things are taking place:
Holiday temp work down this year, even with a lot of e-commerce hiring - Marketplace
Stores and malls hired around 700,000 temporary seasonal workers in the fall of 2019. As of the end of November this year, gains in temporary jobs were running way behind that pace:
" Retail hiring fell 12.5% — a fairly significant drop-off,” said Andy Challenger at outplacement firm Challenger, Gray & Christmas. He said there’s more e-commerce hiring.
* * *
That still only makes up about half the seasonal jobs missing from brick-and-mortar retailers, Challenger added.
Serious changes are coming to the E.U. VAT | Practical Ecommerce
As I write this in mid-December, there is no Brexit trade agreement between the U.K. and the E.U. Businesses in the U.K. have no idea what will happen on January 1, when the U.K. formally exits from the E.U. [Editor’s note: An hour after we published this article, E.U. and U.K. officials announced a Brexit agreement.]
Certainly importers and exporters will experience headaches. Manufacturers could have hiccups in obtaining raw materials, which could lead to price volatility.
E-commerce innovation in 2021 will look like what was projected for 2025 | ZDNet
In 2020 alone, we have witnessed 10 years of ecommerce adoption in the US. The digital commerce capabilities that we anticipated as necessary for 2025, are now 2021 requirements.
Most every organization has been thrust into the future of work. What will determine failure or success in this brave new world?
There's never been a more critical moment for companies to know their audience and relate to what they're experiencing. Brands that get this -- and actually invest in appreciating their customers' varied perspectives -- can gain a competitive advantage by delivering connected and contextualized engagement. While 66% of customers expect companies to understand their personal needs and expectations, only 34% say they usually do so.
Pandemic-fueled embrace of e-commerce will accelerate digital transformation beyond basics in
According to research from Mercatus, online grocery sales accounted for only 2.7% of the $993 billion of total sales in 2018 and 3.4% of the $1.02 trillion of grocery sales in 2019, but as consumers looked for contactless shopping options in 2020 to reduce the risk of exposure to the coronavirus, this percentage jumped to 10.2% of the projected $1.04 trillion spent on groceries this year and is predicted to reach a whopping 21.5% of total grocery sales by 2025.
The rapid adoption of online grocery shopping has created new ways for retailers and brands to engage with consumers, but to fully maximize the platform's potential, access to and affordability of e-commerce must improve in 2021, argues Sylvain Perrier, president and CEO of Mercatus.
Happening on Twitter
#China's e-commerce giant #Alibaba to be probed for alleged 'monopoly conduct' FULL STORY: https://t.co/7DLpajV89D https://t.co/JgM3eTULKQ DDNewslive (from New Delhi, India) Thu Dec 24 17:03:23 +0000 2020
China's market regulator announced Thursday that it had opened an investigation into the country's e-commerce giant… https://t.co/nR1rccAxlc NPR Thu Dec 24 17:00:03 +0000 2020
China Begins Anti-Trust Probe Into E-Commerce Giant Alibaba Over Alleged Monopolistic Practices https://t.co/8C1lEcteO8 SwarajyaMag (from India) Thu Dec 24 09:54:51 +0000 2020
China's e-commerce giant Alibaba to be probed for alleged 'monopoly conduct' https://t.co/Y4Mnhv3XlB airnewsalerts (from New Delhi, India) Thu Dec 24 16:11:00 +0000 2020
No comments:
Post a Comment