ETSY Inc

Amazon courts sellers at China summit as Temu and Shein gain momentum

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Amazon courts sellers at China summit as Temu and Shein gain momentum

Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is making a fresh appeal to China-based sellers as it fends off growing competition from discount online retailers Temu and Shein, which both have … Read more

Online shopping for holidays exceeds 2020 pandemic high, CNBC economic survey shows

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Online shopping for holidays exceeds 2020 pandemic high, CNBC economic survey shows

Click. Click. Gift. After a two-year slump below its pandemic high, online shopping made a comeback this holiday season. The CNBC All-America Economic Survey finds 57% of Americans naming online shopping as their top one or two destinations for Christmas gifts. In 2006, online shopping accounted for just 18% of responses. It hit an all-time … Read more