HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » In pandemic Christmas, U....

Sat Nov 21, 2020, 08:24 AM

In pandemic Christmas, U.S. rivals aim to challenge Amazon under the tree

OAKLAND, Calif. (Reuters) - Walmart Inc WMT.N, Best Buy Co Inc BBY.N and hundreds of smaller retailers are bolstering their online gift features, hoping to challenge Amazon.com Inc's AMZN.O dominance as a seller of holiday gifts to homebound shoppers.

The new services seek to take some of the drudgery out of gift-giving. The features let consumers purchase a present online and have it delivered to the recipient with, for example, the retailer handling wrapping, a personal message or a receipt that does not show the giftís price.

Amazonís rivals have tried to chip away at its online preeminence, spending millions to fulfill orders faster, expand product catalogs and, in some cases, provide free shipping and even subscription services. But the first holiday sales season with widespread coronavirus has drawn attention to a previously overlooked battlefront: gift giving.

...

Americans will spend $160 billion on gifts during the current quarter, up 5% from a year ago as people put savings from skipped outings into celebrating Christmas and other year-end holidays, according to industry analyst Coresight Research.

Adobe Inc's ADBE.O e-commerce software unit Magento expects Americans to ship gifts to 18% more recipients than a year ago as travel gets curbed.

But Coresight still expects Amazon.com to capture 18% of gift purchases and 7.2% of overall U.S. retail sales, up from 14% of gift purchases and 5.6% of total sales in 2019.

https://www.reuters.com/article/us-usa-holidayshopping-amazon-com-gifts/in-pandemic-christmas-u-s-rivals-aim-to-challenge-amazon-under-the-tree-idUSKBN2801D6

6 replies, 405 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
Reply In pandemic Christmas, U.S. rivals aim to challenge Amazon under the tree (Original post)
Klaralven Saturday OP
Sherman A1 Saturday #1
phylny Saturday #2
MissB Saturday #3
underpants Saturday #4
Roisin Ni Fiachra Saturday #5
Demsrule86 Saturday #6

Response to Klaralven (Original post)

Sat Nov 21, 2020, 08:30 AM

1. It is going to be a very different Christmas shopping season this year

but one thing holds true.

Get it done early.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Klaralven (Original post)

Sat Nov 21, 2020, 08:32 AM

2. Because too many maskless wonders live near us

I did my shopping on Amazon.

Iím wrapping today.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to phylny (Reply #2)

Sat Nov 21, 2020, 08:34 AM

3. I'm impressed

I havenít even started.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Klaralven (Original post)

Sat Nov 21, 2020, 08:40 AM

4. Yeah good luck with that

Like it or not Amazon has quite an operation already up and running.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Klaralven (Original post)

Sat Nov 21, 2020, 08:53 AM

5. Bezos hates Trump.

The enemy of my enemy is my friend.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Klaralven (Original post)

Sat Nov 21, 2020, 09:23 AM

6. I am spending very little. Hard times.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread