This week, the FGRT team attended the August Magic trade show, held every year in Las Vegas, Nevada. The show is produced by UBM, a UK-based event organizer that puts on more than 300 events per year. Magic is held… Continue Reading
Amazon is much more than a household name, given that more than half of US households already have an Amazon Prime membership, according to Cowen and Company estimates. However, Amazon’s emerging private-label brands have not yet achieved widespread name recognition,… Continue Reading
The past week brought news that Walmart and JD.com, China’s largest e-commerce company by revenue, are expanding the strategic partnership they formed last year. One element of this is the launch of a new shopping event—the JD-Walmart 8/8 omnichannel shopping… Continue Reading
Economic conditions look good for back-to-school spending this year—unemployment is low, consumer confidence is at a 16-year high, housing prices have risen and gas prices remain low—leading to healthy forecasts for shopping this season. Fung Global Retail & Technology expects… Continue Reading
We recently attended the Rise 2017 Conference in Hong Kong, which is one of the largest technology conferences in Asia. The event featured a talk by Stephen Wang from Tencent, which owns the WeChat mobile app. Wang gave an overview… Continue Reading
This week saw Amazon offer up its third annual Prime Day—a feast of special offers available exclusively to Amazon Prime members. By the time this is published, many readers will have seen a slew of statistics on the sales values… Continue Reading
In late January, Amazon reduced its minimum purchase requirement for free two-day shipping to $35 ($25 for books) from $50 previously. In an interview with Recode, Marc Lore—who is Walmart’s e-commerce chief and the former CEO of Jet.com, which Walmart… Continue Reading
Our estimate for the Holiday Shopping Season remains 3 – 4% vs. 4.1% last year. With just a few days before Christmas, we are in the holiday homestretch, and in this video below we recap the themes we’ve seen so far… Continue Reading