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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!
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