Yotpo customers can now syndicate their reviews and visual user-generated content to world’s top retailers via the Bazaarvoice Network, amplifying the reach of their content to over one billion shoppers every month
The power of Yotpo’s data-driven eCommerce marketing platform combined with the broad reach of the Bazaarvoice Network demonstrates the value of Yotpo’s best-in-class solution for the world’s most cutting-edge brands.
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China’s Retail Giants Alibaba and JD Pivot to Coronavirus Aid – Adweek
Daniel Zhang, CEO of Alibaba, has called the coronavirus outbreak a "black swan event" that will significantly impact company revenue. In the quarter ending Dec. 31, 2019, Alibaba’s revenue was $23.19 billion, up 38% year-over-year.
China's overall economy is already taking a hit. This week’s massive declines across global markets– a loss of $6 trillion over the last six days–were overwhelmingly due to fears over the growing epidemic.
The Rapidly Rising and Advancing Online Markets and eCommerce
Customer acquisition dominates Enabling Ecommerce event
We hosted a special event, co-hosted with Dubai South, on 26 February 2020 for ecommerce startups around UAE. Attended by around 150 SME owners & C-Suite Executives, the event focused on e-commerce and the ecosystem around it including retail, logistics, shipping and last-mile deliveries.
From building e-commerce start-ups to exploring omnichannel retail, the event was kicked off by Mohsen Ahmed, CEO Logistics District, Dubai South, who shared his insight into this sector, Dubai's vision for the ecommerce sector and how Dubai South are enabling this by providing the cost-effective solution for this sector.
Other things to check out:
eCommerce v stores: arch rivals or partners in retail? - Essential Retail
With Debenhams and HMV among the retailers announcing the latest high-street store closures, multichannel retailers of every size and shape are keenly aware that they need to employ every trick in the book to boost footfall to ensure their branches remain relevant and profitable.
And with research by YouGov revealing that 74% of consumers are likely to switch retailers due to poor returns management, it’s vital the returns process is as easy and straightforward as possible to ensure their customers remain loyal.
2 Areas Walmart's $50 Billion E-Commerce Business Is Taking on Amazon | The
All told, management expects e-commerce to reach $50 billion in global net sales over the next 12 months. That's quickly approaching 10% of the company's total sales.
Lets dive into Walmart's $50 billion net sales outlook for its e-commerce business, and see where it goes head-to-head with Amazon in key growth opportunities.
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Walmart acquired a 77% stake in Indian e-commerce giant Flipkart about 18 months ago. Flipkart and its digital payment subsidiary, PhonePe, generated about $6 billion in revenue last year. Walmart's share of that is about $4.7 billion. That's considerably more than the roughly $2.5 billion Amazon generated between its wholesale and marketplace businesses in the country in fiscal 2019.
How Artificial Intelligence Is Revolutionising Ecommerce?
Today, online commerce companies are utilising AI recommendation engines to offer better product offerings to their customers
According to a new report from Tractica, AI has use cases and applications in almost every industry and promises to change existing business models while simultaneously creating new ones significantly. The market intelligence firm forecasts that annual worldwide AI revenue will grow from $643.7 Mn in 2016 to $36.8 Bn by 2025.
Walmart names Sam's Club exec Jamie Iannone US e-commerce operating chief
Walmart has named Jamie Iannone its chief operating officer for U.S. e-commerce, after the Sam's Club executive helped oversee digital initiatives for the retailer's membership-based subsidiary.
In a company memo sent Friday, Walmart announced Iannone's new role and credited him for helping to grow the membership and online sales of Sam's Club.
Iannone will report to Marc Lore and John Furner. Lore is CEO of Walmart's U.S. e-commerce business and founder of Jet.com, which Walmart acquired in 2016. Furner is CEO of Walmart U.S. He was previously CEO of Sam's Club.
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