June online retail sales growth spikes as total sales remain stagnant (digitalcommerce360.com)

Online retail sales grew more than five times faster in June than total sales, according to data from the National Retail Federation’s Retail Monitor and CNBC.

And while online and total retail sales both grew in June — year over year as well as month over month — consumers are still prioritizing non-discretionary purchases in the face of high interest rates and lingering inflation, said NRF president and CEO Matthew Shay.

“Inflation has dropped to nearly zero for goods, but remains persistent with services, and solid economic fundamentals are helping consumers make ends meet,” Shay said.
more at: https://www.digitalcommerce360.com/article/monthly-online-retail-sales/

Related Posts

Times Media Group Acquires Picket Fence Media (mediapost.com)

Times Media Group, which owns 35 publications throughout Arizona and Southern California, has acquired Picket Fence Media, publisher of San Clemente Times and other Southern California titles. The terms were not disclosed. Times Media Group will continue operating the Picket Fence Media publications from that firm’s address in Capistrano Beach.

Wiley Acquires eJournalPress

Global research and education leader Wiley today announced the asset purchase of eJournalPress (EJP), a leading provider of software and support services for scholarly publishing. With this investment, Wiley plans to drive the evolution of the technology and platforms that underpin research publishing and advance the future of research communication. EJP’s online manuscript submission, peer review, and journal production tracking systems deliver a comprehensive service for authors, editors and publishers to create, review and manage scholarly content as it moves through peer-review and gets published online. “Getting trusted, peer-reviewed research into the world requires both smart people and sophisticated technology,” said Jay Flynn, Wiley Executive Vice President and General Manager, Research. “By investing in the future of EJP, we will drive innovation in journal workflow and peer review management to deliver best-in-class solutions for our clients and partners.”

Gannett Files Federal Lawsuit Against Google

Gannett Co., Inc. the largest publisher in the United States including USA TODAY and over 200 local publications, filed a federal lawsuit in U.S. District Court for the Southern District of New York against Google for monopolization of advertising technology markets and deceptive commercial practices. The lawsuit seeks to restore competition in the digital advertising marketplace and end Google’s monopoly, which will encourage investment in newsrooms and news content throughout the country. As more Americans read the news online, publishers depend on digital advertising revenue to provide timely, cutting-edge reporting and content that communities across the country rely on. Google’s practices have depressed revenue and impacted local newsrooms adversely by monopolizing the markets for important software and technology products that publishers and advertisers use to buy and sell ad space. Google controls 90% of the market for “publisher ad servers,” which publishers use to offer ad space for sale. Google also controls over 60% of the market for “ad exchanges,” which run auctions among advertisers bidding for ad space on publishers’ websites. Google controls the largest source of advertisers bidding on exchanges. For Gannett, 60% of all buyers come through Google. The result is Google unfairly controlling selling, buying, and the exchange that matches sellers and buyers – and manipulating all aspects of online advertising transactions.
Back To Top
×Close search
Search