Americans are expected to spend $20.1 billion on Father's Day this year, Wish and e-commerce platform PrestaShop cooperate

Americans expected to spend $20.1 billion on Father's Day this year

According to the annual survey recently released by the National Retail Federation and Prosper Insight & Analytics, American consumers are expected to spend more than $20.1 billion on Father's Day this year, breaking last year's record of $17 billion and setting a new record. The data shows that the average expenditure on Father's Day gifts this year is $174, of which 47% will be used for outings, clothing and electronic products.

Wish Partners with E-Commerce Platform PrestaShop

Wish recently announced a two-year partnership with e-commerce platform PrestaShop, which will provide more than 300,000 merchants with access to the Wish marketplace and reach millions of consumers.

Some changes in the partnership: Merchants will have free access to a direct integration module on the platform that will connect them directly to Wish’s merchant dashboard. The module will sync their products and orders between PrestaShop and Wish.

eBay sellers need to provide (IOSS) service number to carriers

It is understood that from July 1, 2021, eBay will collect and pay import VAT on behalf of transaction orders shipped directly to the EU (not exceeding 150 euros). For these orders, sellers must provide eBay's Import One-Stop Shop (IOSS) service number to your carrier electronically. Otherwise, your buyers may be required to pay VAT again upon delivery.

SpeedPAK Logistics Management Solution will electronically declare for you, without the need for you to provide eBay's IOSS service number to SpeedPAK. Only applicable to transactions where items are shipped directly from non-EU locations to EU buyers.

Swiss e-commerce sales reached around 12.2 billion euros in 2020

According to foreign media reports, e-commerce in Switzerland developed rapidly in 2020, with sales increasing by 25.8% year-on-year to 13.3 billion Swiss francs, or 12.18 billion euros, three times last year's e-commerce sales. It is reported that e-commerce sales account for 14.2% of total retail sales in Switzerland, which was 11.5% last year. In addition, according to the 2021 Swiss Business Report released by Datatrans: Compared with 2019, the turnover of the top 30 online B2C stores in Switzerland increased by 25.7% last year.

China ranks first in terms of the number of cross-border e-commerce companies, financing events, and patents

Sina Technology reported on the morning of June 18 that in the post-epidemic era, residents' consumption has shifted to online, creating more diverse consumption scenarios and consumption demands, among which cross-border e-commerce has ushered in growth. According to big data from a search platform, the search popularity of the keyword "cross-border e-commerce" in 2020 increased by 20% compared with 2019, and the search popularity of "how to buy overseas products during the epidemic" increased by more than 200% in 2020.

According to Tianyancha industry big data, cross-border e-commerce has the highest number of registered companies, reaching 4,888; comprehensive e-commerce ranks second, reaching nearly 4,000. In addition, cross-border e-commerce companies have 1,173 financing events and 171 patents, leading other e-commerce platforms in terms of the number of registered companies, financing, and patents.

Swiss e-commerce sales increased by 25.8% year-on-year in 2020

It is reported that e-commerce in Switzerland achieved significant growth last year. E-commerce sales increased by 25.8% year-on-year to 13.3 billion Swiss francs, equivalent to 12.18 billion euros. The growth of Swiss e-commerce last year was about three times that of previous years. E-commerce sales accounted for 14.2% of total retail sales in Switzerland, compared with only 11.5% a year ago.

The latest fashion trends on Amazon India

Recently, Amazon India Fashion Director Srivastava announced the latest fashion trends in India. Indian consumers' demand for clothing categories is gradually diversifying, and their demand for beauty and cosmetics products is also increasing.

On Amazon India, the demand for women's suits, sportswear and fashion jewelry among Generation Z consumers is growing. Millennials prefer sportswear, ethnic wear, children's wear, women's shoes and other products. At the same time, the demand for maternity wear and newborn clothing products is also increasing.

Fake reviews generated $28 billion in sales in the U.S. online market in 2021

According to a CHEQ study, the amount of consumption generated by fake reviews in the US online market is as high as 28 billion US dollars. The study found that at least 4% of the reviews in the US online market are fake, which also has an impact on e-commerce sales. The online spending of US consumers due to fake reviews is as high as 28 billion US dollars.

In addition, research shows that in 2021, online fashion sales in the United States were approximately $98.4 billion, of which at least 89% of buyers relied on consumer reviews to purchase goods and services. This means that online fashion sales generated $3.96 billion in sales due to false reviews. The beauty and personal care category generated $800 million in sales.

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