Retail Data Feed:
August 11, 2017

August 10, 2017

It's Showtime: Amazon is in talks to work directly with major US venues to provide ticket sales, Reuters reports. The space seems ripe for disruption given the high price of live event tickets, the well-known problems of scalping, and—despite those problems—hearty consumer appetite for buying tickets online. How healthy? In April, traditionally a busy time for the ticket resale market thanks to basketball and hockey playoffs, Apptopia reported that the three top resale brokers—StubHub, SeatGeek and Gametime—saw active use for the first four months of 2017 rise an astonishing 792%. 

Big Bet in India: Indian ecommerce platform Flipkart won a huge investment—reportedly $2.5 billion—from Softbank. That's a lot of dough, but Flipkart's largest rival in India, Amazon, has pledged to spend $5 billion on its efforts in the country over the next few years. Full story at eMarketer.

Eurocommerce: Online retail sales will grow at an average of 11.3% per year over the next five years in Western Europe, according to new Forrester estimates. By 2022, 20% of non-grocery retail sales will be online, it projects.

Global Focus: Global ecommerce sales rose 14.36% in the second quarter, according to Salesforce Commerce Cloud. Shopper spend growth outpaced traffic growth as the primary driver of digital commerce growth, it said. (You can access the data in eMarketer's new Benchmarks product, an interactive collection of performance metrics.) 

Back to school: A new survey from Junior Achievement USA found that 78% of parents plan to buy their children's back-to-school supplies at traditional retail outlets this year, with only 8% planning to do so online.  That's in line with eMarketer's latest estimates, which project that ecommerce will make up 8.6% of all back-to-school sales this year.


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