Consumers have shifted to e-shopping in the past year, but when stores reopen, they'll be glad to get back to physical shopping. Yet digital habits are ingrained for consumers globally and social commerce is on the rise.
Canadian beauty group MAV Beauty Brands Inc. announced on Thursday it expects to report net revenue of $22.5 million to $24.5 million, and adjusted EBITDA of $3 million to $4 million for the fourth quarter.
China is to become the first country in the world to see e-commerce sales outstripping sales through physical shops with a new prediction saying e-tail should account for 52.1% of all retail sales (by value) this year.
Following a difficult year, during which retailers had to adapt to the challenges of the ongoing Covid-19 pandemic, U.S. retail sales saw a 5.9% month-over-month increase in January, including a 5% rise in fashion sales.
There may have been lots of news stories about interruptions to trade because of Brexit, but it seems that consumers in key European markets are still buying from Britain, data from eShopWorld (ESW) shows.