KHD Buzz – Feds Sue Amazon (Again) Retail Set for Child Tax Credit Boost and More
Retail Boost Expected as Child Tax Credit Payments Begin
After Americans begin receiving monthly child tax credit payments from the federal government in July, – which will coincide with the beginning of the back to school shopping season – retailers across a wide range of verticals anticipate an increase in sales. Read More
Feds Sue Amazon Over Refusal to Mandate Dangerous Product Recalls
Federal safety regulators have filed a new lawsuit against Amazon, accusing the retailer of refusing to recognize the government’s authority to force it to recall defective and unsafe products, igniting a debate over how much responsibility Amazon should bear for the products sold on its website. Read More
Report: Simple Websites a Must For Smaller Online Retailers
Long login and sign-up forms irritate half of all users (49 percent), according to a survey from identity management firm Auth0. The sign-up process takes up to a minute on a similar proportion of small ecommerce websites (45%), while a fifth (21%) of respondents stated login in takes too long. Due to a complicated login process, 83 percent of potential buyers will quit their shopping cart or registration page.
Businesses, on the other hand, appear to be unaware of the situation. While 85 percent of respondents admit that potential customers quit their cart or sign-up process, only 25% believe it is because of a lengthy sign-up process. Read More
Report: Consumers Keep Online Shopping Post Covid
Prior to the pandemic, research firm eMarketer predicted that Americans would spend $675 billion online in 2020, up 13.2 percent year over year on 2019. But the pandemic propelled retail ecommerce sales to $799 billion in 2020, a 34 percent rise over 2019.
According to a new report from Mastercard , this growth won’t slow. They expect retail ecommerce sales in the United States will increase by 13.7 percent in 2021, reaching $909 billion, accounting for 15.5 percent of total retail sales of $5.9 trillion. Read More