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E-commerce News: The water sports equipment market is flourishing with the Paris Olympics on the horizon

2024-07-24 729hotness

2024.7.24 GoodsFox Daily E-commerce News:

  • The water sports equipment market is flourishing, with the Paris Olympics boosting significant growth in the North American market.
  • Wayfair announces a "July Black Friday" exclusive promotion.
  • Eurus Express new route: Direct cargo flights from Haikou to Milan are now open.
  • TikTok's in-app shopping platform is set to debut in Spain and Ireland in October.

 

1. The water sports equipment market is flourishing, with the Paris Olympics boosting significant growth in the North American market

As a branch of outdoor sports, water sports have gained popularity in recent years for combining physical fitness, leisure, and social functions. The increasing emphasis on a healthy lifestyle and leisure activities, coupled with the booming tourism industry, has jointly driven the rapid expansion of the water sports equipment market. According to Statista, by 2024, the global water sports equipment market is expected to reach $2.54 billion, with an estimated compound annual growth rate of 8.62% from 2024 to 2029. Many well-known sports brands are expanding their product lines, launching innovative water sports equipment, and providing professional equipment for athletes in water polo, canoeing, and other sports. The hosting of the Paris Olympics has further accelerated the development of this market. Especially in North America, particularly in the United States and Canada, the water sports equipment market is showing a significant growth trend.

 

Recourse: GoodsFox

 

2. Wayfair announces a "July Black Friday" exclusive promotion.

Home furnishing e-commerce giant Wayfair recently announced that it will hold a four-day exclusive "July Black Friday" promotional event from July 26th to July 29th. During the event, Wayfair's customers can enjoy discounts of up to 80% on all product categories, and all orders will come with free shipping. In addition, there will be flash sales every 24 hours during the promotion, and products from well-known brands such as Blackstone, Cuisinart, GE, and Sealy will also be available for a "super low price" in limited quantities.

 

Resource:prnewswire

 

3. Eurus Express new route: Direct cargo flights from Haikou to Milan are now open.

Eurus Express, in cooperation with Menzies Aviation, has successfully launched regular cargo flights from Haikou to Milan, marking the first time a cargo route from a Chinese city to Milan has been established. The flights are operated by a Boeing 767-300 freighter from Georgian Airways, mainly to meet the growing ecommerce demand between China and Europe. Haikou is not only a free trade zone but also a tourist hotspot, and the prosperity of its duty-free consumption market provides new opportunities for introducing imported luxury goods to the southern Chinese market.

 

Resource:aircargonews.net

4. TikTok's in-app shopping platform is set to debut in Spain and Ireland in October.

According to insiders, TikTok is planning to launch its in-app shopping feature, TikTok Shop, for the first time in Spain and Ireland in October and has already informed relevant partners such as merchants and creator agencies of this plan. Currently, TikTok Shop has established a team of about 40 people in Spain. In addition, TikTok's recruitment page shows that the company is looking for Spanish-speaking talents in Madrid and London to support TikTok Shop in logistics, compliance, and strategic development.

Tag: Blackfriday ecommerce news Facebook ads Find Winning Products Goodsfox marketing strategies TikTok Products tiktok store toys trending products
Last updated:2024-07-24

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