(Image Source: Parcel Monitor)
As with most markets around the world, e-commerce in Europe and the United States (US) has grown rapidly in recent years, with consumers increasingly turning to online retailers to purchase everything from clothing and electronics to groceries and household goods. Online marketplaces like Amazon, eBay, and Alibaba are popular in both regions, as are specialty retailers that cater to specific niches.
Despite worries about rising inflation and the potential for a recession, shoppers in Europe and the United States were seen seeking out bargains and discounts during the most recent Black Friday and Cyber Monday (BFCM) sales. According to Adobe’s data, Cyber Monday sales in the US alone reached approximately $11.3 billion – a 5.8% increase from the year before. Similarly, during peak season 2022, retail sales in Europe exceeded projections, with several countries reporting an unexpected surge in consumer spending. Similarly, in Europe, many retailers experienced a boost in sales during peak season 2022, with shoppers taking advantage of holiday deals and promotions.
For more information on how the latest peak shopping season in Europe and the US turned out, check out the full article on Parcel Monitor here.
About Parcel Monitor
Parcel Monitor is a community initiated by e-commerce logistics enthusiasts at Parcel Perform. We aim to inspire the e-commerce logistics ecosystem to create a better delivery experience for everyone.
Parcel Monitor offers free parcel tracking across 950+ carriers globally on a single platform. Leveraging on our data and technology, we capture consumer trends, provide market visibility, and derive industry insights while fostering collaboration across the entire e-commerce industry.