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New-vehicle sales in February 2024 projected to reach 1,214,600 units, a 1.4% increase from the previous year; sales driven by higher inventory levels, increased manufacturer incentives and lower retailer profit margins: J.D. Power and GlobalData

GlobalData: Social media 'coolness' contributing to growing trend of globalized retail, trumping sustainability concerns; survey finds 51.1% of consumers did not consider environmental impact of their purchase when ordering items from abroad

Commentary: Walmart's reduction of store fleet in 2023 and pivot away from unsuccessful formats are smart moves for staying in good financial shape; GlobalData says small stores weren't working for Walmart, while the economics are much more challenging

GlobalData: Indonesian skin care companies focusing on halal cosmetics, targeting both Muslim and non-Muslim consumers, which could make significant impact in Asia-Pacific health/beauty industry; sector set to grow by volume CAGR of 3%-4% from 2022-2027

GlobalData forecasts frictionless commerce market to grow at CAGR of 15.6% between 2022-2030, with total revenue exceeding US$1B globally in 2029 due to cheaper sensors; market now faces scrutiny amid consumer hesitation, barriers to entry

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