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The retail industry, which accounts for roughly   18.7 percent of GDP , is one of the key metrics that economists look to when judging the health of the economy. Retailers are the front line of the US economy and are highly susceptible to macroeconomic fluctuations such as   inflation , which affect consumer behavior.  Just this past week, Target and Walmart, released their earnings reports for the second quarter of 2022. These set of reports reflected the impact of sustained inflation on consumer spending, as customers adjust their behaviors to account for the drag of inflation. Walmart over delivered on forecasts by posting an 8.4 percent jump in profits and a same-store sales increase by 6.5 percent. Target on the other hand saw profits decrease by 90 percent, as the company liquidated excess inventory. Both retailers saw an increase in grocery sales and a decline in consumer electronics as customers trim spending back to necessities.  Appliance and CE r...

Yesterday,   TikTok   made developments in the e-commerce space by announcing an ad suite that the company is calling “Shopping Ads” that will streamline the advertising experience for brands interested in expanding their audience on the social media platform. The announcement also revealed the immense impact that TikTok ads have on consumers, saying that 56 percent of users say TikTok advertisements guide them to new brands or products. There are currently three advertising formats that TikTok is testing: Live Shopping Ads, Catalog Listing Ads and Video Shopping Ads.  In other news, Logitech has announced an  audio accessory  designed for use with the Meta Quest 2 VR headset called the Chorus. The headphones are open-back and sit slightly off users’ ears to allow them to be more aware of their surroundings and reality. While some may prefer a more fully-immersive VR setting, the Chorus headset makes for a safer and less closed-off experience. The headset slides...

Numerous startups are working to improve ecological performance in the consumer electronics and home appliances sector. At IFA NEXT 2022 they will present their innovations and strategies for sustainable electronics products. Sustainability has become an omnipresent topic. In the food and clothing industries in particular, resource-friendliness has been a hot media topic for many years. But in the case of electronic devices what exactly does sustainability mean? At IFA 2022 from 2 to 6 September visitors will receive an answer to this question. At the IFA NEXT innovation hub in Hall 20 on the Berlin Exhibition Grounds, research institutes, startups, associations and experts from industry and science will present innovative solutions for driving development towards greater sustainability in the electronics industry. Resource-friendly and carbon-neutral production methods, repairability and recycling are among the crucial aspects here. At IFA NEXT, the  Fraunhofer Institute for Relia...

Games are constantly evolving with better graphics, higher frame rates, and new technology. Now with Cloud Gaming,   streaming   and game storage has become easier, but games on cloud gaming platforms can only be played on PCs, console, or smart TVs for now. Recently, the Logitech, a PC and console gaming gear company, announced that Tencent, a Chinese publisher, is its new partner in a future project. Both companies have come together to create a   cloud handheld gaming device . Logitech G’s leadership in PC and console gaming gear make them an ideal partner to help us realize the vision of bringing a better gaming experience to gamers around the globe,” said Daniel Wu, general manager of Tencent Games Smart Solution Innovation Lab. “As someone that grew up playing video games, the idea of being able to stream and play AAA games almost anywhere is super exciting, and we can’t wait to show everyone what we’ve been working on,” said Ujesh Desai, general manager of Logitech...

Today’s Nationwide PrimeTime experience has been all about exploring the showroom floor where hundreds of vendors have set up booths touting the latest and greatest products and services they have to offer. The vendors at PrimeTime are extremely diverse and range from well-known manufacturing giants such as Samsung,  Beko  and Tempur Sealy to the cybersecurity firm TBI.    Nationwide is adamant that each vendor brings a unique product, service, or skill to the table that helps its independent retailers better tackle industry challenges. Since the CE retail market is constantly changing and evolving so too is Nationwide’s family of vendor partners. For this particular PrimeTime event, Nationwide added 29 new vendors including the luxury appliance manufacturer Signature Kitchen Suites (SKS) and the Powerhouse Alliance distribution network.   In regards to the new additions, Lee MacDonald, VP of consumer electronics, told us: “We don’t onboard v...

Coming very shortly after Samsung’s Unpacked announcements, where the company announced the new Fold 4 smartphone,   Xiaomi has released   the second generation of its own foldable phone, the Mix Fold 2. The catch: it’s only available in China. But in a smartphone   landscape   where foldable products are rare, the Mix Fold 2 would probably attract a decent amount of consumer consideration here in the United States.  The Mix Fold 2 has two displays, with the outer display coming in at 6.56-inches and the inner display coming in just a hair over 8-inches at 8.02-inches. This display system beats the size of Samsung’s upcoming Fold 4. Its camera system is Leica-powered and its base version comes with 12GB Ram and 256GB storage. Should it come to the United States, we could expect a price range around $1,300 since it runs for RMB 8,999 (or roughly $1,335 US). The Mix Fold 2 comes with an advanced camera consisting of a 50-mp main sensor, 13-mp ultrawide sensor and ...

For the first time in months, we are seeing highly encouraging signs from a number of angles that inflationary pressures may finally be easing. Gas prices, which soared to all-time highs of over $5 per gallon in June, have regressed to   $4 per gallon . This decrease in gas prices has instigated a major cooling in the   cost of shipping . Importers are now paying $6,632 to move a container from China to the West Coast, which is down from the roughly $18,000 that was being paid to   move a container   at this time last year. Eytan Buchman, the chief marketing officer for Freightos, said in an   interview with  The New York Times : “Broadly, it is clear that we are on a vector of normalization.”  Moreover,  eCommerce  prices have posted their first monthly decline since June of 2020, marking the end of 25 consecutive months of rising prices. The 1 percent price fall in July was led in large part by a  9.3 percent  year-over-year decli...