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The holiday market for retailers and sellers
In August, QuickBooks launched a marketplace to connect suppliers and retailers, with a focus on providing space for small businesses. From Oct. 14-16, Trada will hold a digital holiday market so that retailers can add unique items for gifting this year. QuickBooks is matching discounts offered by sellers, up to 10%.
According to Incisiv, retailers are expecting increased expenditures in fulfillment, returns and content management in 2023. What’s more, fewer than half believe they are equipped to manage challenges as complexity grows.
A pair of deals to expand driverless vehicles this month are factoring in the transportation of goods. In Canada, Gatik is adding more unmanned box trucks to Loblaw routes over the middle mile. Meanwhile, delivery is part of a broad agreement between Uber and Motional to deploy autonomous vehicles that will expand robotaxis and Uber Eats.
The US economy created 263,000 jobs in September, as the unemployment rate fell. While job growth is typically a healthy sign for the economy, this result is the opposite of what the Federal Reserve wants to see as it seeks to slow the economy to bring down inflation. The news arrives ahead of holiday hiring, when retailers like Amazon and Walmart are planning to add thousands of seasonal workers.
The holiday shopping season gets underway this week, as Amazon holds the first Prime Early Access Sale, and Walmart debuts Rollbacks and More. Plus, the federal government releases the latest data on inflation and retail sales, while Q3 earnings season gets underway with PepsiCo and the big financial firms.
Tweet of the Day 🐦
📈 A major leap for #ecommerce in #India! Festive season🌟 leads to increase in e-commerce sales!
— Digital India (@_DigitalIndia)
3:15 PM • Oct 6, 2022