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Mcommerce sales will continue to eat up a larger share of Mercado Libre鈥檚 total digital revenues, representing more than three-quarters (76.1%) of its regional business for the first time this year. That鈥檚 15.2 percentage points higher than mcommerce鈥檚 total share of retail ecommerce sales in Latin America.

Ongoing gains in mcommerce sales may translate to digital wallet adoption for online shopping. Mcommerce will account for 34.8% of Canadian retail ecommerce sales this year, for a total of C$38.03 billion ($30.33 billion), per our forecast.

According to our 鈥淐hatGPT and Retail鈥� report, the top three areas where generative AI will have the greatest impact are mobile commerce, social commerce, and voice commerce. But as adoption increases and the technology matures, retailers may eventually be able to use generative AI to create high-quality content, improve personalization, or accelerate product design. 2.

More Chart of the Day:. 9/13 - Calling on mcommerce. 9/12 - Biometrics don鈥檛 pass the trust test. 9/11 - Customer service calls. 9/8 - Do we have your attention? 9/7 - Influential social spend.

We're seeing m-commerce sales in Western Europe are going to grow by 4.4% in 2023 and in the UK where e-commerce sales as a whole are in decline, m-commerce sales are growing. Some of that is down to mobile penetration still being on the rise across the former EU-5.

For example, mcommerce accounts for 82.1% of India鈥檚 ecommerce sales, so any digital shopping experience will have to be optimized for the mobile consumer. Apparel retailers also have to take into account the fact that traditional garments, like saris, account for around 65% of the women鈥檚 apparel market, per BoF, which could require brands to develop product lines specific to the country.

Our complete estimates for retail ecommerce in Latin America also include mcommerce, product category, and digital buyer metrics. We鈥檝e reduced our retail ecommerce forecast for the region. The revisions were based on new data released by local sources that allowed us to gain further insight and clarity into the size of several countries鈥� ecommerce markets, including Mexico, Chile, Colombia, and Peru.

And while an average of 84% of UK adults use smartphones needed for mcommerce, only 76% of people with disabilities use them, per August 2020 data from the Office for National Statistics. The UK payments opportunity is rich鈥攁nd the battlefield is crowded. It鈥檚 home to a 拢1.96 billion ($2.41 billion) revenue pool for card interchange alone.

Behind the hype around composable commerce, there are pros and cons that retailers should consider before shaking up their business operations.

It鈥檚 official. The Cyber Five (the five-day period between Thanksgiving and Cyber Monday) have not lost their touch. Let鈥檚 dig into the data as retailers take a deep breath and ready themselves for what鈥檚 shaping up to be a pretty busy holiday season.

Apple鈥檚 credit card, BNPL product, and savings account put it in direct competition with financial services incumbents. With 130.1 million US iOS users loyal to its unsurpassed UX and dominant digital platform, the threat will only grow.

The cost-of-living crisis is forcing UK consumers to change where they shop to save money. To attract and keep customers, retailers and brands across all sectors need to invest in loyalty programs鈥攁nd understand what shoppers want from them.

And for Alibaba it was also e-commerce and especially mobile commerce. And from there they were able to expand with payments as a base into so many other services. So we haven't yet seen that link. It's kind of an evolutionary leap that needs to take place. But I'm pretty confident that it will take place with the younger generation and their overwhelming use of iPhones. Jaime Toplin:.

The rise of shopping apps selling ultralow-cost goods from China is drawing more value-driven US consumers. But are their strategies sustainable over the long term?

But that's really been driven by mobile commerce and how much easier it is becoming to buy things on your phone through apps and mobile payment solutions like Apple Pay. Blake Droesch:.

Digital coupons can incentivize buying, increase basket sizes, and introduce new customers to a brand. And they are especially important amid economic uncertainty. Scroll through our 10-slide deck for insight on what you need to know now.

The 2022 holiday season鈥檚 solid retail sales gains were mostly attributable to inflation, but they nevertheless paint a cautiously optimistic picture for the 2023 holiday season.

Another eventful year is on tap for retailers as inflation forces consumers to prioritize basics, supply chain snarls continue, and customer loyalty wanes. Retailers that cut costs or add new revenue streams鈥攁nd provide frictionless customer experiences鈥攚ill prevail.

Once again, Cyber Monday has taken the title of the biggest online shopping day of the year. Let鈥檚 break down why it may be a sign of a jolly holiday ahead.

Over a quarter of digital time is spent with a CTV, but less than 10% of US digital ad dollars flow into CTV.

Nearly 4 in 5 people in the US own a smartphone, per our March 2023 forecast. US adults check their phones an average of 114 times each day, and usually do so within the first 10 minutes of waking, per a Reviews.org study.

Last week, Target announced it was adding 1,000 new wellness-related products, some of which are priced at just $1.99.The retailer also launched an 鈥渙nline wellness destination鈥� that consumers can visit for product recommendations, deals, meal inspirations, and wellness tips and tricks.

The partnership is part of the BNPL provider鈥檚 operational overhaul and pivot to a fully white-label strategy