1. The online shopping volume for Black Friday in the United States is expected to reach nearly $10 billion.
On November 27th, it was reported that the U.S. e-commerce research firm Adobe Analytics released data stating that this year's online spending for "Black Friday" in the United States is expected to increase by 7.5% year-on-year, reaching $9.8 billion, approximately ¥695 billion, setting a new record. Meanwhile, online shopping spending for "Cyber Monday" is projected to reach $12 billion, with a year-on-year growth of 6.1%.
According to the company's data, as of 6:30 PM Eastern Time on November 24th, U.S. consumers had spent $7.3 billion online, representing a 7.4% increase compared to the same period last year. Impulse purchases may have contributed to the growth on Black Friday, as $5.3 billion of online sales came from mobile shopping.
Source: CNBC
2. TikTok Shop releases Black Friday performance: Order volume in the U.S. market increased by 205%.
On November 27th, TikTok Shop announced the fully hosted Black Friday promotion results for the U.S. and UK markets. Data showed that from November 14th to November 20th, the order volume in its U.S. market increased by 205% compared to October 20th-26th, and the number of items sold increased by 177%. In the UK market, during the period from November 13th to November 19th, the order volume on TikTok Shop increased by 142% compared to October 20th-26th, and the number of items sold increased by 133%.
Source: TikTok Shop Cross-Border E-commerce
3. Shopee Philippines launches buyer self-pickup parcel option.
On November 27th, Shopee Philippines announced the launch of a self-pickup option, allowing buyers to collect parcels from designated pickup points within 7 days of receiving the notification. This feature is automatically available to all sellers. Currently, this feature applies only to orders valued at less than Php 2,000, weighing less than 5 kilograms, and with dimensions not exceeding 30 centimeters. Buyers must collect parcels within 7 days, otherwise, the parcels will be returned to the seller. Parcel collection times are based on the operating hours of the selected pickup point. Additionally, buyers cannot return problematic parcels directly to the pickup point; they must first go through the return/refund process.
Source: Shopee Philippines E-commerce Platform
4. Russia's ePacket inbound parcel weight limit increased to 5kg.
On November 27th, it was announced that the Russian e-commerce platform Ozon has entered the peak season, and China Post has announced that the inbound parcel weight limit for Russia's ePacket has been increased to 5kg, up from the previous limit of 3kg. The change took effect on November 20th, 2023, and covers Ozon platform ePacket, Ozon platform ePacket Special Offer, and Ozon platform ePacket Special Delivery. Additionally, the Guangzhou-Moscow direct flight has increased to 7 flights per week, and the transit time for Russia-bound air products has been shortened to 15-20 days.
Source: EMS China Post Express Logistics
5. Winit partners with European local leading cross-border e-commerce channel integrator Lengow.
On November 27th, Winit announced its official partnership with Lengow, a leading cross-border e-commerce channel integrator in Europe. It is reported that the Lengow system integrates with over 200 global e-commerce platforms, such as Amazon, Cdiscount, Leroy Merlin, Conforama, Otto, Bol, and Veepee, as well as over 1400 independent site advertising channels. Lengow provides SaaS functions including product catalog management, bulk upload, multi-channel multi-store management, order management, and sales data analysis.
Source: Winit
6. FedEx and UPS are expanding parcel return services.
On November 27th, amid sluggish demand, FedEx and UPS are expanding their parcel return services, aiming to help retailers reduce the costs of returns.
It is reported that last year, U.S. shoppers returned 16.5% of goods, worth $817 billion. The average cost of handling returns is about $3, and carriers promise to help their customers reduce transportation-related costs.
Source: Viewpoint网
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