Prime Day takeaways for your holiday planning

5 stats that stood out from Q2 ecommerce earnings

It was a busy week for earnings reports from a multitude of tech companies, including the platforms that power ecommerce. While executives across the board spoke about how they're facing economic “headwinds,” the results weren’t uniform. Check out what we learned from Amazon, Shopify, Etsy and more.

Faire hits $1 billion in sales

While we’re on the topic of marketplaces, it’s worth taking note of the progress Faire is making. With a B2B model that centers local businesses, it is changing the landscape for wholesale at a time when that channel is becoming increasingly attractive to up-and-coming brands. Larger suppliers and retailers are joining, too.

Steep Prime Day discounts light the way for holiday deals to come

Prime Day recaps and analysis are arriving just as brands and retailers are making plans for the holiday season. Take lessons from one shopping holiday, and apply them to the next. Here's one: With discount depth doubling during a Prime Day that took place amid 40-year-high inflation, Impact Analytics believes shoppers will continue to be on the lookout for unusually good deals come Black Friday.

The economy may look like it’s in recession, but we still don’t know for sure

US GDP declined 0.9% in Q2, marking the second straight quarter that growth slowed. While the economic rule of thumb says that’s a recipe for a recession, ultimately the job of declaring one falls to the National Bureau of Economic Research, and it doesn’t abide by such hard and fast rules. It matters because a recession could further dampen consumers’ outlook at a time when they are continuing to spend despite those headwinds.

Saks Off 5th expands in resale with Rent the Runway

A few months after completing a rebrand, Saks Off 5th will add a pre-owned section to its ecommerce site that features designer items from Rent the Runway. While Saks Off 5th looks to make more inroads with younger customers, the partnership helps RTR gain more exposure for its resale shop. Collab of the Week breaks it down. 

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