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Consumers lost more than $1 billion to fraud on social media in the first six months of this year, almost 10 times what it was five years ago.
Retail sales data show non-store spending (think: e-commerce) grew about 2% in August, and was up more than 10% year-over-year.
The end of a shipping loophole means that packages under $800 are subject to duties. That’s created chaos for consumers.
Some international carriers are suspending U.S. shipments altogether until it’s clear how the new system works.
Some call shifts in the industry a retail apocalypse as more companies close locations or file for bankruptcy.
Deborah Holtschlag, owner of Plant Traps, says she “managed to take back control of the brand” after suing hundreds of sellers.
Closures and bankruptcy filings have ticked up this year despite relatively steady consumer spending.
The frenzy of Black Friday and Cyber Monday sales now lasts for weeks, and the constant deals are making the dates less meaningful for shoppers.
Analysts say there’s still room for growth in the category, though most purchases are still made in person.
As online shopping has become the norm, some people’s spending habits have become stealth missions to keep from their partners.
