Revolutionizing Luxury Retail, Commerce Gets More Social, Amazon Smokes Walmart in Grocery

Luxury Retail

Facebook Groups’ shopping upgrade makes social commerce even more social. Plus, all the latest news from Amazon and Walmart, and blending digital and physical experiences will trigger a revolution in luxury retail.

Data:

6.2%: Annual inflation rate as of October 2021, the highest since November 1990.

33%: Amazon’s share of total online food and beverage sales.

50: Radius in miles of the Zipline autonomous delivery drones used by Walmart.

190: Number of countries in which Farfetch allows clients to sell, receive payments and handle logistics.

$36B: Projected total of U.S. social commerce in 2021.