KHD Buzz – Adobe Still Predicting Good Holiday Sales Figures, eBay and Etsy Back Counterfeit Goods Bill and More

KHD Buzz – Adobe Still Predicting Good Holiday Sales Figures, eBay and Etsy Back Counterfeit Goods Bill and More

October 25, 2021 Off By Koehler Home Decor

Despite Supply Chain Issues, Adobe Still Predicting Good Holiday Sales Figures

According to Adobe Analytics, online sales in the United States are likely to increase by 10% in November and December. The company’s prognosis is predicated on the assumption that people will continue to shop as they have since the epidemic began, despite the fact that many popular products have limited inventory due to demand that has swamped segments of the supply chain. Read More

Amazon, IKEA, and Patagonia Pledge to Work Toward Zero-Emission Shipping Goal

Amazon.com, IKEA, and Patagonia are among a group of major corporations that have committed to using zero-carbon fuel in ocean freighters by 2040. “We expect to stimulate a spike in investment by ocean freight carriers and providers of zero-carbon shipping fuels by setting this objective and indicating our commitment to decarbonize this component of our supply chains,” the firms said in a joint announcement. Read More

Etsy and eBay Support Bill to Deter Counterfeit and Stolen Goods Online

Etsy and eBay were among a group of online marketplaces that rejected legislation introduced by the United States Senate earlier this year with the goal of reducing the sale of counterfeit and stolen goods. These businesses have now backed similar legislation being introduced in the House, which addresses concerns about seller privacy. Amazon.com, which also rejected the Senate version, has been silent on the House’s proposed measure. Read More

Supply Chain Issues Not Impacting Retail Sales Yet

According to the Commerce Department, retail sales increased 0.7 percent in September, and August’s figure was revised up from 0.7 percent to 0.9 percent. Retail sales were predicted to dip 0.2 percent in September, according to economists. “While trips to restaurants and retail locations have yet to break out of their late summer plateau,” said Sam Bullard, a senior economist at Wells Fargo, “high-frequency card transaction data implies spending remains healthy.” Read More

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