Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.
Despite increased use of social networks during the pandemic, US social commerce sales growth will slow this year because of reduced spending on nonessential items, according to our latest estimates: Sales from products sold via social networks will reach $23.3 billion in 2020, up about 20% from 2019, but roughly $2 billion less than our pre-pandemic estimate.
Consumers spent less on nonessential items during the pandemic, which are commonly discovered and purchased on social networks. As a result, most of the drop in sales from social commerce occurred in Q2 2020, the height of the pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
June e-commerce growth was the highest of the pandemic so far - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How long unemployment will remain high without a leisure bailout - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Introducing Advertising Insider, Business Insider's new daily newsletter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook, trading strategy for elections and COVID-19 - Business InsiderJPMORGAN: US stocks are staring down a double whammy of spiking COVID-19 cases and an uncertain election — but traders shouldn't stay away entirely. Here are 3 strategies for those looking to stay invested. That's something I don't like about trading goes up and down pretty quickly
Source: BusinessInsider - 🏆 729. / 51 Read more »