Hey everyone, and welcome to this week’s installment of TraQing News! We’ve rounded up some content for you as you wind down your work week. From the the new ways consumers will shop to the affects of tariffs on the furniture industry, here are some of our favorite articles from this week:
Amazon and Walmart’s rivalry is reshaping how we’ll buy everything in the future | Nick Statt: In the 25 years that the company has existed, Amazon has had a major impact on how consumers shop. As Walmart is shifting its strategies to compete with the e-tailer, the conversations about how people shop are shifting again. No matter who wins this rivalry, other retailers will need to take note of the new norms that they create.
Surprise, no one buys things via Alexa | Devin Coldewey: Speaking of new norms for shopping, voice shopping is not quite the disruption that analysts thought it might be. Research shows that, at least for now, consumers who own smart speakers aren’t quite ready to do all of their shopping by talking to their smart speaker. That isn’t to say that people never shop by voice, but this new channel is definitely still in its infancy.
How Trump’s tariffs are affecting the furniture industry | Diana Budds: While much of the conversation regarding tariffs has been around major appliances and consumer electronics, there’s another product category that’s beginning to feel the pinch. Furniture manufacturers, especially smaller, independent studios, are having a more difficult time sourcing materials at prices that allow them to keep their products affordable.
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