The coronavirus will provide a long-term boost for online retailers—if they can stay in business during what will likely be a rocky economy, say three investment professionals who specialize in evaluating the financial prospects of online retailers and other direct-to-consumer brands.
Threats include Amazon seizing the pandemic as an opportunity to take more market share, while the opportunity includes the possibility that the coronavirus will still be a factor during the 2020 holiday season, pushing more consumers to shop online.
Other things to check out:
No Set Timeline For Draft National Ecommerce Policy: Piyush Goyal
Poor eCommerce planning and execution will cost direct-to-consumer brands £304k in 2020 -
2020 could be an even darker year for direct-to-consumer (D2C) brands if they don’t fix their eCommerce planning and execution, according to a new study commissioned by digital commerce experts Greenlight Commerce and BigCommerce.
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The study, which questioned 100 UK-based eCommerce decision-makers within the D2C sector, found that brands expect to waste £146,000 on poor eCommerce planning and £158,000 on poor eCommerce execution next year.
The Coronavirus Could Drive Car Dealers to Ecommerce | Practical Ecommerce
Managing the coronavirus pandemic in the United States has led to temporary store closures, social distancing, and economic concerns. People and industries are affected, including car dealers.
Vehicle sales in the U.S. might drop as much as 20 percent in the near term, according to a March 19, 2020, CNBC report . USA Today reported that “March sales alone were already down by about 38,000 vehicles.” While Motor Trend magazine pointed out that “Coronavirus wrecked China’s car sales, and America is probably next.”
Quite a lot has been going on:
At Victoria's Secret, Coronavirus Is Even Preventing E-Commerce Sales | The
In an 8-K filing with the Securities and Exchange Commission Tuesday, L Brands announced it will "temporarily close all Bath & Body Works, Victoria's Secret and PINK stores in the United States and Canada, effective March 17 through March 29, 2020," in order to promote social distancing.
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It gets worse. Even LB's Bath & Body Works e-commerce business, according to the company, is fulfilled by a third party, and that company's "ability to continue to perform these services may be affected by developing circumstances." In theory at least, the e-commerce shutdown could eventually extend to Bath & Body Works as well.
HSA removes 2,500 misleading heath products from eCommerce sites
The Health Sciences Authority (HSA) has removed more than 2,500 listings of adulterated products or products making false or misleading health claims from local eCommerce platforms such as Carousell and Lazada.
During the investigations, HSA revealed that sellers attempted to evade detection by both HSA and the eCommerce platform administrators. As such,
Second Phase eCommerce Platform Certified By Acumatica | MarTech Cube
“We’re honored to receive this kind of recognition from the Acumatica developers themselves,” said Mark Kostovny , Group President, Second Phase at Billtrust. “This is a testament to the strength of Second Phase’s AI-based technology which powers a differentiated, best-in-class experience for our customers.”
To become an Acumatica-Certified Application, Second Phase has demonstrated a commitment to quality by passing the Acumatica software test and aligning to future Acumatica roadmap releases martech .
Transportation and Logistics Systems, Inc.
WEST PALM BEACH, FLORIDA, March 19, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Transportation and Logistics Systems, Inc. ( TLSS ), ("TLSS", or the "Company"), a leading eCommerce fulfillment service provider, announced today that it has taken several immediate steps to address the heightened logistical demands of its ecommerce partners and the general public as a result of the current Coronavirus pandemic.
According to Frank Mazzola, Chief Operating Officer of PrimeEFS and ShypDirect, TLSS' delivery brands, "TLSS is partnering with its customers, which includes some of the leading eCommerce companies in the world, to enable them to fulfill their delivery commitments and ensure people have the vital supplies they need during this crisis.
Happening on Twitter
BREAKING: Up to 20,000 @BritishArmy, @RoyalNavy, @RoyalAirForce personnel will be put on standby to help combat the… https://t.co/Yo8gnD3z9K haynesdeborah (from London) Wed Mar 18 22:30:20 +0000 2020
Trading on the coronavirus crisis while playing it down publicly ... Presidential press briefings that seem timed… https://t.co/E80xtVnoT0 JoyAnnReid (from USA) Fri Mar 20 01:03:53 +0000 2020
Thousands of medical students across Europe are being fast-tracked into early service in an attempt to boost health… https://t.co/VssWWDqRaN CNN Thu Mar 19 17:50:07 +0000 2020
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