The U.S. government is moving to crack down on the sale of counterfeit ecommerce items and pirated goods, warning of stricter rules and penalties for participants in a rogue economy that was valued at $509 billion in 2016.
Louis Vuitton bags and Rolex watches are the most common emblems of the problem, and government seizure statistics from FY 2018 show apparel and other types of accessories, along with footwear, topped the list at 18% and 14% of seizures, respectively.
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Electronic Payment Technologies for Ecommerce Market 2020 - Business Insider
E-commerce has been growing by leaps and bounds in the last several years, and now the overall market is starting to take notice.
The e-commerce ecosystem is rapidly evolving thanks to advances in online payment processing and electronic payment technology, as well as the willingness of almost all merchants to accept credit cards online.
And while e-commerce's portion of the total share of the U.S. retail market is still relatively slim, nearly all of the growth in the retail sector now occurs in online sales.
Draft National Ecommerce Policy To Put An End To Counterfeits
Counterfeit and fake products have been a huge concern for Indian ecommerce, and a point of contention for the sellers and traders of genuine products. The minister of commerce and industry, Piyush Goyal, had told Lok Sabha in December 2019 that Indian consumers have filed 13,993 fraud ecommerce cases under the Consumer Protection Act, 1986 since August 2016.
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Now, ecommerce platforms will have to provide the contact details of grievance officers and inform the customers about the complaints filing mechanism. In addition, ecommerce companies will also have to upload the contract with the sellers on the website to make users aware of the details about returns, refunds, exchange offers, warranty plans, delivery, grievance redressal mechanisms and more.
7 Steps to Analyze Your Peak Holiday Season Ecommerce Fulfillment
Many ecommerce and retail businesses realize 60% to 70% of their profits in the fourth quarter. Weekly order processing during peak holiday season may be 10 to 15 times higher than average. For multichannel businesses and wholesalers, their peaks start months earlier to supply retail and ecommerce businesses.
Take the time after each holiday peak season to analyze your ecommerce operations successes and failures and develop an improvement plan using this multi-faceted approach. What were the strengths and weaknesses? Start with asking your key managers. Frontline managers can often identify the symptoms. Their involvement starts getting the buy-in necessary to make major changes.
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The New Normal In Ecommerce Holiday Sales 01/28/2020
Ecommerce brands enjoyed record-breaking sales during the 2019 holiday season. Here’s an analysis of the trends that are the new normal.
E-commerce set to build on successes
Online merchants are banking on 5G networks and social media strategies to help consolidate their recent gains
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The battle of online merchants could also heighten in the wake of an influx of Chinese products into popular e-marketplaces.
The roll-out of 5G technology is anticipated to create a better presentation of products online and a smarter shopping experience among users.
The ultra-fast internet network will also be a boon to real-time interaction between sellers and buyers and take the shopping experience to another level with multi-platform sales channels using both online and offline approaches.
MV Sport | The Game Chooses Znode as New Ecommerce Platform
MV Sport, a leading supplier of custom decorated apparel, has chosen Znode as the new ecommerce platform for its brand The Game. MV Sport The Game offers high-quality decorated apparel in the college bookstore, resort, promotional products, golf and military markets. Znode is an enterprise ecommerce platform used by leading manufacturers and distributors.
"The Znode team is proud to power ecommerce for MV Sport The Game," says Tom Flierl, Vice President of Marketing and Business Development at Amla Commerce, parent company of Znode. "MV Sport has a long history of selling premiere custom apparel, and we're thrilled to be part of that legacy with ecommerce for The Game".
Digital River Appoints New CFO with Deep Roots at the Ecommerce Company
Digital River, the most experienced global ecommerce enabler for established and fast-growing brands, announced today the appointment of Christopher (CJ) Bernander as the company's chief financial officer. Mr. Bernander will report directly to Digital River CEO, Adam Coyle.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200128005593/en/
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Mr. Bernander comes to Digital River with an extensive background in both ecommerce and finance, most recently as vice president of finance at Renaissance Learning, a global leader in SaaS-based education technology and analytics. Mr. Bernander has been an active CPA for more than fifteen years, which includes experience in public accounting at EY.
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