Walmart, Target, Best Buy update 2021 holiday strategies

What to read today: US Ecommerce by Category 2021: This report breaks down eMarketer's US ecommerce sales forecast by product category and discusses how the pandemic has affected sales growth and boosted ecommerce's share of total retail spending for 2020 and 2021..

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June 26, 2021 Big-name retailers update 2021 holiday strategies amid evolving shopping habits. Walmart, Target, and Best Buy are among a growing list of retailers that have announced Thanksgiving Day store closures this year as consumers increasingly adopt ecommerce. The holiday closures will likely push more consumers online for Thanksgiving and Black Friday, setting the tone for future seasons. And because the pandemic greatly inhibited in-store shopping last holiday season, retailers were quick to introduce online promotions earlier in the year to maximize holiday sales. With retailers again placing greater emphasis on ecommerce, it's likely we could see a similar holiday head start this year. Insider Intelligence's Adriana Nunez has the full story. BRIEFING HIGHLIGHTS Fintechs push the UK to 100 tech unicorns milestone The UK now has 100 tech firms valued above $1 billion and is only the third country to cross this milestone. Read More → PayPal updates merchant fee structure to sharpen competitive edge PayPal says it plans to change some of the fees it charges US merchants for its payment services, which is expected to mostly affect SMBs. Read More → JPMorgan to purchase UK digital wealth manager Nutmeg JPMorgan Chase develops two-pronged strategy for breaking into digital banking in the UK through Nutmeg acquisition. Read More → Amazon sets record with new June Prime Day slot Amazon Prime Day surpassed $11 billion in total US ecommerce sales, according to Adobe Analytics data. Read More → What US retail categories are growing the fastest? Apparel and accessories will see US sales jump nearly 30% in 2021, making the retail category by far the fastest growing in the US. Read More → Tractable uses unicorn power to move into property insurance Insurtech Tractable raised $60 million to expand its artificial intelligence damage appraisal solution to property claims. Read More → Privacy and security are concerns for digital banking consumers Security is the top factor that determines digital trust—and the lingering effects of pandemic-related fraud will only escalate consumers' security concerns. Read More → Amazon and Walmart's Flipkart face tighter ecommerce rules in India India proposed regulations that would ban ecommerce sites from hosting flash sales or listing affiliated entities as sellers on their platforms. Read More → Revolut hits a peak of 15.5 million retail customers Revolut accounts and revenue swelled even as its losses mounted—and its financials suggest it can still grow paid revenue. Read More → Afterpay will launch expanded buy now, pay later solution US consumers will be able to use Afterpay's app to shop at popular retailers even if those stores don't have a partnership with the BNPL provider. Read More → RESEARCH IN FOCUS US Ecommerce by Category 2021 This report breaks down eMarketer's US ecommerce sales forecast by product category and discusses how the pandemic has affected sales growth and boosted ecommerce's share of total retail spending for 2020 and 2021. Get the full report → Account Opening in the Next Normal Bank account opening is bouncing back after a slump during the coronavirus pandemic, and digital account opening (DAO) activity in particular is poised to benefit from the surge. We examine the status of digital account opening—focusing primarily on deposit accounts—and what the trajectory of DAO will look like over the next few years for incumbent banks and digital challengers. Get the full report → The US Wealth Management Ecosystem Digital transformation is vital for wealth managers, as consumer expectations are changing, fiscal pressures are tightening, and competition is stiffening. This report details the drivers of digital transformation within wealth management and how incumbent wealth managers can overhaul their front, middle, and back offices to upgrade their offerings and meet customer demands. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2021 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036