Block is a new name, but its purpose of giving economic power remains unchanged. Square's various brands, including cash applications and music streaming services, will retain their respective names and organizational structures.
According to a survey conducted by the American Retail Federation, 61% of consumers have already started buying holiday gifts before Thanksgiving. Some consumers even started holiday shopping in October.
Traffic at retail stores on Black Friday dropped 28.3% compared with 2019 levels, according to preliminary data from Sensormatic Solutions. Online, retailers rang up $8.9 billion in sales on Black Friday, down from the record of about $9 billion spent on the Friday after Thanksgiving a year earlier, according to data from Adobe Analytics.
On November 24th, DHL launched the first hydrogen fuel long-distance cargo truck pilot project within the Deutsche Post DHL Group. Apple is the first customer to serve this test project. This test is part of the H2-Share project of the Northwest Europe Regional Cooperation Program.
Netflix announced that it would increase the membership fee in South Korea. Netflix stated that the platform raised its fees for the first time after providing services in South Korea in 2016. It is all for continuing better to produce and invest in Korean cultural content.
On November 18th, FedEx said it had added six intercontinental routes for the upcoming shopping season in the Asia-Pacific, Middle East, and Africa.
Amazon recently announced opening its first "Same Day Delivery" operation center in Madrid, Spain. It will enable hundreds of thousands of orders to be delivered in one day. Fred Pattje, Amazon's customer fulfillment director in France, Italy, and Spain, said Amazon's first European operations center would create more than 200 jobs.
On November 16th, Cainiao announced its plan to expand its store network in Southeast Asia. It plans to build an intelligent warehouse network called cHubs in Vietnam, Indonesia, Malaysia, and Singapore, covering an area of nearly 2.5 million square meters.
Its 2020 customer behavior report showed that more than 30% of Venmo users used cryptocurrency or stocks. 20% of their customers started using cryptocurrency or stocks during the COVID-19 pandemic.