Americans still love buying things in person, but over the next few years, more shopping is projected to shift online. In China, such purchases now make up more than 25% of overall retail sales, according to some estimates.
Chinese e-commerce giant Shein, the world's largest fashion retailer, opened its store in one of São Paulo's largest shopping malls on November 12. Tens of thousands of shoppers visited the pop-up, according to the China Global South Project. There were thousands of people lined up outside, with viral videos showing customers arguing while they waited. [Shein's pop-up store in Brazil caused fistfights - Semafor]
Louise Matstakis (@lmatsakis) of @semafor, on a Chinese shopping app arrived a month ago and already in competition with Amazon, writes in her technology newsletter: “Amazon’s decision to ban many Chinese sellers for buying fake reviews and other alleged shadiness may be backfiring, as a new wave of Chinese e-commerce apps wade into its turf”. [Chinese shopping sites encroach on Amazon’s turf - S]
News on @XHNews reports the results of a survey which shows a decline in the consumption of clothing and footwear in the last month, monitoring the logistics activity for e-commerce, which decreased by 2.2 points in August. The decline is again attributable to the exacerbation of Covid-19. Now it is hoped that schools will reopen in September for the recovery of consumption. [China's e-commerce logistics index down in August - Xinhua]
Does luxury have a potential problem in China? Perhaps, it is the response of the @SourcingJournal that describes a China not immune to the global recession. The bankruptcy declaration of online luxury retailer Secoo could be the initial crack in a general collapse, because sales of international fashion brands operating in China are also suffering. The causes? Covid-19 and lockdown; E-commerce crisis; scarcity of electricity; real estate crisis (see Evergrande); heat and drought. [China's Once-Dominant Luxury E-tailer Files for Bankruptcy SJ]
A shift in spending away from goods could hit companies already struggling to secure supplies. Prior to the pandemic, e-commerce made it seem like everything was right at our doorstep. This WSJ documentary takes viewers on the monthslong, 14,000-mile journey of a typical consumer good from factory to front door to reveal how the process is far more complex, and vulnerable, than many of us imagined.
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