ABC News on Nostr: AI-fueled shopping assistants help drive surge in online holiday spending ========== ...
AI-fueled shopping assistants help drive surge in online holiday spending
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Online holiday shopping reached a record high in 2024; e-commerce sales exceeded $240 billion in November and December, up nearly 9% from the previous year; Mastercard SpendingPulse reported overall retail sales increased almost 4% from Nov. 1 to Dec. 24; cosmetics spending rose over 12% to nearly $8 billion, the largest increase among product categories; traffic from generative AI-powered chatbots to retail sites surged 1,300% year-over-year; Vivek Pandya from Adobe noted a shift towards smaller screens and AI services for shopping; U.S. GDP grew at 2.8% annualized rate in Q3 2024; unemployment rate at 4.2%; Federal Reserve cut interest rates by one percentage point in late 2024; interest rates remain high at 4.25% to 4.5%.
#Ai #Ecommerce #HolidayShopping #ConsumerSpending #RetailSales #Adobe #Mastercard #Gdp #InterestRates #UsEconomy
https://abcnews.go.com/Business/ai-fueled-shopping-assistants-drive-surge-online-holiday/story?id=117416714
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Online holiday shopping reached a record high in 2024; e-commerce sales exceeded $240 billion in November and December, up nearly 9% from the previous year; Mastercard SpendingPulse reported overall retail sales increased almost 4% from Nov. 1 to Dec. 24; cosmetics spending rose over 12% to nearly $8 billion, the largest increase among product categories; traffic from generative AI-powered chatbots to retail sites surged 1,300% year-over-year; Vivek Pandya from Adobe noted a shift towards smaller screens and AI services for shopping; U.S. GDP grew at 2.8% annualized rate in Q3 2024; unemployment rate at 4.2%; Federal Reserve cut interest rates by one percentage point in late 2024; interest rates remain high at 4.25% to 4.5%.
#Ai #Ecommerce #HolidayShopping #ConsumerSpending #RetailSales #Adobe #Mastercard #Gdp #InterestRates #UsEconomy
https://abcnews.go.com/Business/ai-fueled-shopping-assistants-drive-surge-online-holiday/story?id=117416714