E-Commerce Prediction – Remarkable AI Increase
Now it’s the EU’s turn: new fees for Amazon sellers will also apply here in the new year. Time to reflect on the past year: The festive retail season in the UK witnessed notable winners, with clothing and jewellery sectors taking the lead. Unsurprisingly, forecasts predict an impressive increase in the market share of artificial intelligence in e-commerce. And: A large proportion of global Christmas sales are said to be attributable to support from generative AI. All this and more can be read below.
Updates: Amazon
We have discovered a new feature in the search bar on Amazon.de: It is now possible to find products on Amazon using an image search. Simply upload a picture and similar products will appear as results – particularly useful if you don’t know the product name or brand. We assume that this new feature is still being tested.
News: Amazon
New seller fees in the EU from 2024 on
Now it’s official for the EU too: Amazon is publishing some updates on the fees for sellers this year. Particularly interesting:
The introduction of a returns handling fee from October for products with high return rates to reflect the operational costs of returning goods and reduce waste.
The increase in domestic shipping fees for shipping by Amazon in the UK and other countries, while remaining unchanged in Germany.
Most changes will take effect on February 5, 2024, unless otherwise stated.
More Amazon News:
News: E-Commerce
Clothing and Jewellery Lead Festive Retail in the UK
The festive retail season in the UK witnessed notable winners, with clothing and jewellery sectors taking the lead. Insights provided by Mastercard SpendingPulse shed light on the trends that shaped the UK’s holiday shopping landscape.
Mastercard SpendingPulse data revealed that clothing sales saw an impressive year-on-year increase of 8.2%, reflecting strong consumer demand for fashion items during the festive period.
The jewellery sector also thrived, with a significant 6.5% year-on-year growth, indicating that consumers were keen on adding some sparkle to their holiday celebrations.
More E-Commerce News:
News: AI in Online Retail
AI in E-commerce: market expected to grow to 14 billion
These are the latest forecasts for the use of AI in the e-commerce market: According to a report by GlobeNewswire, the market for artificial intelligence in e-commerce is expected to grow to an impressive 14 billion US dollars by 2028.
This growth is due to the increase in online shopping and the increased use of AI technologies.
AI-powered chatbots and virtual assistants are increasingly being used to provide personalized shopping experiences, intelligent product recommendations and efficient inventory management.