How the Pandemic Changed the 2021 Holiday Shopping Season | Economy

There was a time when online shopping was an inexpensive and effective way to find obscure merchandise and avoid a trip to the store. Then the coronavirus struck and turned the web into a way for homebound consumers to purchase life’s necessities.

E-commerce became a lifeline rather than a luxury and never more so than during the 2021 holidays. But as online shopping became ubiquitous, some of its earlier benefits disappeared, chief among them lower prices.

An analysis of online shopping trends during the 2021 Thanksgiving and Christmas holiday spending season by Adobe Digital Insights released Wednesday found that inflation has caught up with the web, as prices rose 3.5% in November from a year earlier and 3.1% annually in December. That was driven by demand, as consumers spent $204.5 billion during the 2021 holiday season, up 8.6% year over year.

Cartoons on the Coronavirus

“Everyone was in front of

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The 7 Best New Year 2022 Amazon Deals, According to a Shopping Editor

Each product we feature has been independently selected and reviewed by our editorial team. If you make a purchase using the links included, we may earn commission.

As a shopping editor, I report on the best shopping events throughout the year and Amazon’s big New Year sale is one of them. As expected, it’s a great time to score savings on fitness gear, wellness items, and other New Year resolution must-haves, but there’s more. With deals on beauty products, fashion finds, kitchen gadgets, and home goods, you can score savings on all kinds of great finds.

January means that winter is officially here and considering how much time I typically spend indoors during the season, I’m planning to tackle a few home projects that will make my space look clean and feel cozy. Freeing up space in my closet and then giving it an overhaul will be easy with

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Credit card spending rose six percent in 2021 as online shopping boomed in pandemic

Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, revealed spending on “essential” items rose 11.1 percent in 2021.

This was largely driven by supermarket shopping, which saw an overall growth of 17.4 percent, with online grocery spend surging 97.4 percent.

Shopping online proved popular throughout the year as online retail recorded strong growth of 63.2 percent compared to face-to-face retail spending, which saw a noticeably smaller rise of 0.6 percent, as shoppers continued to shop from digital devices at home and on the move.

The popularity of enjoying experiences at home, or “insperiences”, continued in 2021.

Spending on takeaways and fast food rose 62.0 percent in 2021, as consumers spent more on in-home experiences and nights in.

Jose Carvalho, head of consumer products at Barclaycard, said: “2021 was another challenging year, as the pandemic continued to hamper the UK economy.

“However, categories such

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India’s New Online Shopping Guidelines To Arrive On Jan 1, 2022

Over the last two decades, there has been a big shift in how people buy their stuff. Almost everything can be purchased online through eCommerce sites like Flipkart, Paytm, Amazon, and even groceries on BigBasket and Grofers. One thing that remains a point of concern is protecting the users’ debit, credit, and prepaid card details.

To this end, the Reserve Bank of India (RBI) is mandating new online shopping guidelines that include CoF (Card on File) tokenization. This will be effective from January 1, 2022, but this is not the first time. RBI initially allowed card transaction tokenization back in 2019 for credit, debit, prepaid cards, and now it’s being made compulsory.

What is CoF Tokenization for Credit/Debit cards?

As the name explains, it’s a process where the details of a card (16-digit number) are converted to a digital encrypted token that can be used on online shopping websites. In

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