Spending – Website Blog Directory

Ebay forecasts fourth-quarter results below estimates on weak consumer spending

November 14, 2023

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E-commerce Ebay forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending. San Jose, California-based eBay’s shares were down about 6.8 per cent in trading after the bell. High interest rates and stubborn inflation across major economies in Europe as well as in the United States have further eaten into consumers’ discretionary budgets. Rising competition from the likes of Amazon, that sells a lot of consumer…

Two in three Aussies hold spending ahead of BFCM festival

November 10, 2023

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E-commerce Two in three or 65 per cent of Australian shoppers delay purchases before Black Friday and Cyber Monday as they anticipate bigger discounts during the sales, according to research by parcel delivery service provider CouriersPlease. CouriersPlease surveyed 1005 shoppers and found that 30 per cent of them opt to wait until two weeks before Black Friday to purchase non-essential items, while 17 per cent prefer to defer purchase for a full month. Ten per cent of the participants said…

Australian online spending falls by $2.9 billion year on year

October 13, 2023

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E-commerce Australia has witnessed a $2.9 billion decline in online spending during the third quarter of FY23, primarily due to lower retail and e-commerce spending, according to global financial platform Airwallex. Online spending on retail and e-commerce posted the largest year-over-year decline of 8.02 per cent, followed by insurance and self-managed investments at 7.9 per cent. Spending on education and the digital and technology sectors fell 7 per cent and 1.29 per cent, respectively. Meanwhile, online travel spending grew 12.75…

No Christmas spending boom, warns ARA

October 13, 2023

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E-commerce Australian consumers are continuing to tighten their budgets as the cost-of-living crisis – including high interest rates – bites into their disposable income. As a result, the Australian Retailers Association predicts that pre-Christmas spending this year will be in line with last year’s. “Last year, Christmas spending was bolstered by a record freedom spending phenomenon with delayed overseas travel, whereas this year – shoppers are expected to be much more conservative with their budgets,” said ARA CEO Paul Zahra. …

Online spending grows 1.6% in the UK

August 10, 2023

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In June and July, consumers in the United Kingdom spent a total of 21.5 billion euros (18.6 billion British pounds) online. This is a year-on-year growth of 1.6 percent when compared to the same period last year. It is the first growth in seventeen months. These data come from the newest Adobe Digital Economy Index. The growth in the last two months is the first year-on-year spending increase in ecommerce in the United Kingdom since January 2022. €10.2 billion spent…

Shoppers cautious of spending online, reveals Auspost study

July 27, 2023

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E-commerce The cost-of-living situation has led to a spending crunch among online shoppers, with many turning to EOFY sales events to save some extra cash. Australia Post’s quarterly Inside Australian Online Shopping Report found that customer spending fell by 3.1 per cent in this financial year, however on average, 5.5 million households made an online purchase each month. Younger generations – those aged 18 to 34 – have become “strategic shoppers” taking advantage of dedicated sales events to save while…

How Much Are Brands Spending on TikTok? (2023)

July 22, 2023

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TikTok—the social video app famous for launching global trends—has only been in the advertising game since 2019, but it’s already pulling in record-breaking ad revenue year over year. Among the social media giants, TikTok’s ad revenue is in the top five, overtaking Twitter and Snapchat. And it continues to grow. TikTok ad revenue is expected to reach $13.79 billion per year by 2026. Featured on one of the most popular apps among young users, TikTok ads are attractive to companies…

Consumers’ online spending falls $523.3 million

July 19, 2023

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E-commerce Australians have cut back their e-commerce spend, with the latest figures showing a nationwide drop of 1.82 per cent, or $523.3 million for Q2 compared to 2022’s corresponding period. The Airwallex Quarterly Digital Economy Index records year-to-date spending per adult, as well as quarter-by-quarter snapshots of the digital economy by state and industry. The latest Index reveals that e-commerce purchases dropped about $587 per adult across the 12-month period up to end Q2. Online spending falls South Australia had…

Nine in 10 Aussies plan to cut spending this year, finds survey

July 13, 2023

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E-commerce To curb spending amidst a cost-of-living crisis, about 91 per cent of Australian consumers in a new study say they are making changes to their buying behaviour. Research by CouriersPlease found that about 55 per cent of respondents revealed they will research and compare prices before purchasing for the remainder of the year. About 54 per cent said they will buy items more often during sales periods while 48 per cent will choose to buy items from cheap brands.…

Yoox Net-a-Porter’s APAC GM talks tech, loyalty and luxury spending

June 15, 2023

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We speak with Yoox Net-a-Porter’s APAC general manager Natalie Lee about the resilience of luxury spending amidst an economic downturn, the importance of localisation, personalisation and incredible customer service, and how the company is using technology to improve the way it operates. Inside Retail: Many people are reining in their spending due to the rising cost of living, but luxury retail seems to be booming. How have the last few months been for Yoox Net-a-Porter (YNAP)? Natalie L This article…