US ecommerce projected to top $1 trillion this year

As Prime Day begins, here's a closer look at ecommerce growth and subscription models.

Author

Stephen Babcock
July 12, 2022

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Pre-pandemic, FTI Consulting expected the trillion-dollar mark to come in 2025. Now, the firm projects that the milestone will be crossed this year. While ecommerce growth is no longer as explosive as the early months of the pandemic, it's still on a trajectory to reach new heights.

Syngal stepped into the CEO role after turning around Old Navy, but it is issues at that brand that have been in focus in recent months. Adding to the shake-up, the company named Walmart Canada CEO Horacio “Haio” Barbeito as the next leader of Old Navy.

On Prime Day, which is the celebration of the biggest subscription of them all, here’s a look at the types of plans small and medium-sized businesses can offer shoppers, from regularly scheduled boxes to random drops. Across all options, a key to success is designing a delightful experience for the customer. – Practical Ecommerce

This week, a digitally native male grooming brand picks up a celebrity shareholder, BNPL firm Klarna sees its valuation drop 85%, retail and consumer measurement giants merge and a pair of deals show recent movement in the Shopify ecosystem. Check out the latest M&A and investment activity in ecommerce.

Once the top advertiser on Facebook and Instagram, Wish had all of the outward signs of Silicon Valley success, and a Bel Air mansion to go with it. But the rising cost of advertising and issues with shipping and products gave way to a big drop in users. Under a new group of executives, it is now seeking a turnaround. – The New York Times

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