Global Scans · Shopping · Weekly Summary

• AR lenses have the potential to transform the way we shop, travel, and navigate the world around us. glassestools.com
• Today's discerning shoppers expect a tailored shopping journey, complete with the convenience of product choices, detailed information, diverse payment methods and a seamless integration of in-store and online experiences that cater to their individual preferences. MarketScreener
• Social shopping (which includes livestream shopping and online shopping events hosted by brands and retailers) is growing 28.4% annually and will generate $3 trillion by 2028, so it's a trend that businesses really cannot afford to overlook. Total Retail
• From augmented reality shopping experiences to personalized phygital marketing campaigns, the integration of phygital strategies opens up a world of opportunities for retailers to connect with their customers in meaningful and impactful ways. collectid.io
• As consumers become more comfortable with technology, it will play a bigger role in their shopping, cooking and planning, Mintel predicts. Packaging Technology Today
• The IBM study on retail experience highlights an opportunity for retailers to integrate AI into both digital and physical shopping experiences to meet evolving consumer demands. Datanami
• Consumers will be shopping less frequently and spending cautiously within nonessential categories such as retail and leisure in 2024. Yahoo News
• Beyond making for a fun shopping experience, Pinterest Predicts trends are the ultimate cheat sheet for retailers and marketers looking to get ahead of the game. Retail Touchpoints
• E-commerce Explosion: Online shopping continues its unyielding ascent, with global e-commerce sales expected to reach a staggering US$ 6.2 trillion in 2024, accounting for nearly 24% of total retail sales. Indian Retailer
• In 2024, as tech giants and industry disruptors compete for GenAI dominance, brands' creative and exploratory uses of AI will fundamentally change how we work, learn, shop, create, communicate, search, and, overall, interact with the digital world. DEPT
• As technology continues to advance and online shopping becomes more convenient, it is likely that the trend of steady growth in retail sales will continue beyond 2024. StockNews.com
• In 2024, AR and VR technologies are enhancing online shopping experiences, allowing customers to interact with products in immersive ways. Alibaba.com
• Amid a cost-of-living crisis, France's government has notified the European Commission that it plans to introduce a new rule in 2024 requiring shops to inform consumers when products are subject to shrinkflation. RFI
• There's an opportunity for retailers to leverage new technology, such as AI, to enhance consumers' shopping experience both in-store and online. Yahoo Life
• Whether a large corporation or a small-scale enterprise, the power of immersive retail tech is democratizing the online retail space, and by the end of 2024, it will redefine the shopping experience. Home Furnishings Association
• Intention to shop at lower cost stores more in the year ahead has also risen, as has using retailer loyalty schemes more to unlock lower prices - with 40% of consumers saying they will do more of this in 2024, compared to 18% saying so twelve months ago. Proactiveinvestors NA
• Retail purchases increased faster than expected last month as British consumers opted for early Black Friday and Christmas shopping. This is Money
• Americans are expected to spend $37.2 billion in online shopping during Cyber Week, the five days from Thanksgiving to Cyber Monday. CNN
• British shoppers are predicted to spend their way to the busiest shopping day in UK retail history today by mopping up over £3.3bn worth of Cyber Monday deals. CityAM
• A growing number of British consumers will be hunting for refurbished and pre-owned bargains to save cash and shop more sustainably. Reuters
• British consumers cut back on spending last month, amid growing fears the retail industry has plunged into a recession before the key festive shopping season. The Guardian
• The 27th will be the most popular day for online shopping with £1.14bn spent, and Boxing Day will be in second place at £1.13bn, likely because more people will be shopping in-store on this day than on the 27th. VoucherCodes

Last updated: 05 February 2024