Retail bellwether Target melted the holiday season joy over record holiday ecommerce spending of $142.5 billion, reporting disappointing holiday sales in November and December as toys and electronics underperformed and the company lowered Q4 comparable sales guidance.
Target's comps in the two-month holiday period grew just 1.4%, down from 5.7% comp growth in 2018, but ecommerce was a bright spot, up 19%.
In case you are keeping track:
How to Rank in Google's New Popular Products | Practical Ecommerce
Facing declining product searches thanks to marketplaces such as Amazon and Walmart, Google amped up its ecommerce search game last week with a new organic search feature: popular products.
Year ago Google replaced its original attempt at organic online shopping, Froogle, with shopping ads. With popular products , organic shopping returns to the search results page with a slick, interactive display.
As shown below, searching for keywords such as "down jacket" can produce popular product listings. So far, the listings only trigger on mobile devices in the U.S. and India and only for searches of clothing and accessories. Popular products usually appear on the second or third scroll down the page, below the ads and an organic result or two.
How Mumbai-based Taglr is using AI to understand ecommerce behaviour and aggregate a marketplace
Founded in 2017, Taglr is an ecommerce marketplace, which helps shoppers discover products from hundreds of ecommerce websites at one place
Four years ago, thanks to data penetration, a number of ecommerce stores started popping up everywhere across the country. This meant there were now more products and websites to shop from than before.
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During this time, 38-year-old Anirudha Khopade was working with an ecommerce analytics firm in the US, where he was introduced to the technology behind the pricing algorithms of Fortune 500 retailers. Over time, he developed his own interest in how technology powers the pricing algorithms that appropriately suit the internet consumer’s changing behaviours.
Fashion 2020: China, India, ecommerce, and athleisure boost business up to 1.9 trillion dollars |
Men’s fashion continues to grow with great velocity in comparison to women’s wear, according to the latest data gathered by Euromonitor International.
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Mature, still with potential to grow. Despite the slowdown in the developed market, the risk increase in the global economy and the challenges faced by the sector itself, fashion continues to grow and will reach up to 1.88 billion dollars in sales, according to Euromonitor International.
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The Million Dollar Hidden Opportunity for E-Commerce SMBs | E-Commerce | E-Commerce Times
Every successful, long-term business, no matter how advanced, has a common denominator in training as it relates to online sales customer contacts. Notice I said "long-term." A great product or unique marketing effort can fall short when a customer contacts an employee who is ill-equipped to respond.
Some 72 percent of online shoppers will return up to 10 percent of their purchases, according to the UPS Pulse study. In 2020 it is expected there will be approximately US$690.84 billion in online sales. That number points to nearly $49.74 billion in returns!
Payless ShoeSource emerges from Chapter 11 bankruptcy with e-commerce focus in
The Topeka, Kansas-based company said Thursday it wants to reinvigorate its largest business unit, in Latin America. It will also relaunch its U.S. e-commerce site and open some stores in the U.S., but did not offer specific details.
Payless filed for Chapter 11 bankruptcy protection in February 2019, which followed an earlier Chapter 11 bankruptcy filing in April 2017. After the bankruptcy filing last year, Payless' chief restructuring officer said that the 2017 bankruptcy had left the company with too much debt and too many stores.
Record Number of Post-Holiday Ecommerce Returns Expected - EcommerceBytes
A record number of post-holiday ecommerce returns are expected, with UPS expecting to process 1.9 million returns on January 2 alone. That’s up 26% from last year’s holiday season returns.
UPS noted it will mark a seventh consecutive record, illustrating how ecommerce continues transforming shopping patterns.
National Returns Day, which falls on Thursday, January 2, 2020 this year, is a peak day for what will be a busy post-holiday period.
How e-commerce can make economies more inclusive | World Economic Forum
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