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This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

But shoppers who pay up to $140 for a silk blazer are unlikely to be willing to wait more than two weeks for items to arrive. That鈥檚 why Shein鈥檚 investments are an important part of its growth plan. This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry.

Some luxury consumers are interested in using AR and VR tools for shopping. Although usage of and interest in virtual goods was relatively low among the US luxury consumers we surveyed, other innovations have the potential to engage those who haven鈥檛 used them.

The majority of Apple鈥檚 production takes place in China, India, and Vietnam, where the company relies on partners like Foxconn and its factories. Tech companies have laid off more than 186,000 employees (including Accenture鈥檚 announced 19,000 layoffs) so far this year, surpassing 2022鈥檚 total of 164,411 tech layoffs, per Layoffs.fyi.

2022 brings a dramatic change in fortunes for some social networks: Contracting ad spending growth prompts big downgrade in our forecast.

China鈥檚 Singles鈥� Day continues to top the charts, but the vitality of the world鈥檚 biggest shopping event is being called into question amid lukewarm recovery of retail sales. As a result, participating brands are focusing on building sustainable customer loyalty with innovative shopping experiences.

The US conflict with China, where various chipmakers have production facilities, is another complication with substantial long-term repercussions. China could impose economic sanctions on chipmakers that make it difficult for them to toe the line between Washington and Beijing.

Read the full report, Luxury Ecommerce 2024.