The growth of the global eCommerce market should come as no surprise, either to businesses or the growing number of online shoppers active across the globe.
However, the sheer rate of growth is genuinely eye-catching, with global ecommerce sales expected to peak at $4.5 trillion by the end of 2021 . Of course, this dramatic and constant trend is being driven by customer demand and shifting behavior, with more than two-thirds of shoppers in the U.S. now buying items regularly online.
Not to change the topic here:
Canadian Tire Stores in Ontario Restricted to eCommerce and Curbside Pick Up
TORONTO , April 4, 2020 /CNW/ - In accordance with new COVID-19 measures announced Friday by the Ontario government, Canadian Tire Corporation (TSX:CTC, TSX:CTC.a) (CTC) will limit its 203 Canadian Tire stores in the province to serving customers only through Curbside Pick Up or eCommerce home delivery. This will be effective from close of business on Saturday, April 4 , for a minimum of 14 days. Canadian Tire Auto Service Centres and Gas+ locations in Ontario will continue to operate.
The nudge factor: Parts of ecommerce industry will be likely winners of Covid-19 pandemic - The
Can Ecommerce Carry the Retail Industry During Coronavirus? – Adweek
While the vast majority of retailers, with the exception of grocers and pharmacies, have temporarily closed their brick-and-mortar locations, they can still sell goods to consumers on their websites or the websites of their retail partners.
The success of the retail industry, then, would seem to rest firmly on the shoulders of ecommerce. And while digital has long been touted as the future of retail, the coronavirus pandemic presents an opportunity for it to flex its muscles.
Were you following this:
Case Study: The Next Wave of Luxury E-Commerce | Education, Case Study | BoF
Online luxury retail is now 20 years old. But after two decades of innovation, once-groundbreaking multi-brand giants face significant changes in consumer behaviour — and a growing, diverse stable of competitors — just as the coronavirus epidemic turns the world upside down. What happens now?
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It all began with the launch of online luxury retailer Net-a-Porter in London in June 2000. Part magazine, part virtual store, Net-a-Porter was just the first of many multi-brand online players that would enter the category. The same year in Milan, Yoox, an online outlet store, opened its doors, selling second-season designer clothes to a group of consumers who had never been able to access them before.
E-Commerce Up 25%, Online Grocery Shopping Up 100%, Virus Protection Products Up 807%
Fitness product sales are up 55%. Toilet paper sales are up 231%. Laptops and other computer sales are up 40%. BOPIS (buy online and pick up in store) orders are up 62%. Overall, Adobe says, e-commerce in the U.S. is up 25%.
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Interestingly, Adobe says, our online purchasing power is increasing while offline is decreasing. (That's a $10 way of saying we get better deals online.)
"Consumers continue to get more for the dollars they spend online," Adobe says. "The digital purchasing power of consumers is up 3% year-over-year and has increased 20% since 2014, with $1.00 buying today what it would have taken $1.20 to buy in 2014. Over that same time, a dollar spent buying a similar set of goods offline lost value, with $1.00 in 2020 buying what would have only cost 88 cents in 2014."
As coronavirus weakens spending, e-commerce brands brace for a blow
Even the retail industry's darlings could be in for a rude awakening as the coronavirus pandemic hits consumers, putting millions out of jobs and keeping many holed up at home.
Start-ups such as Warby Parker, Allbirds, Glossier, Casper and Away have been shaking up product categories like glasses, shoes, cosmetics, mattresses and luggage. With private valuations that have soared above $1 billion, giving them so-called unicorn status, some analysts consider these companies to be among the strongest in retail.
Rebecca Minkoff has some advice for e-commerce companies right now – TechCrunch
When Rebecca Minkoff first moved to New York City, the then-18-year-old was making $4.75 an hour.
“I just kept working for this designer and someone was telling me what to do every day. I just didn’t like that. And I thought if I’m going to work as hard, it’s going to be for myself and I want to call my own shots,” she said. “I didn’t want to be told what to do, frankly.”
Self-employment for Minkoff turned out just fine; in 2001, she redesigned the iconic “I Love New York” shirt and it appeared on The Tonight Show. After a shout-out from Jay Leno, Minkoff spent the next eight months making T-shirts on the floor of her apartment and quit her job to start designing full time.
Happening on Twitter
Real men don't wear masks. Each press conference costs lives. https://t.co/eEWsmADO47 davepell (from San Francisco) Fri Apr 03 22:07:05 +0000 2020
"Parl passed $100B in new emergency COVID-19 spending in one day last week. Surely, it can show the same urgency to… https://t.co/wZ2JK85IDR PierrePoilievre (from Ottawa, Ontario) Thu Apr 02 19:41:45 +0000 2020
We must protect Dr. Fauci at all costs. Seriously, though, there are people on Twitter literally villainizing him.… https://t.co/LogUs0Wpe8 FrankLuntz (from All over) Thu Apr 02 00:25:38 +0000 2020
@TheView @KimKardashian I'm not concerned how that family is doing. Show me the real costs, in our country - the si… https://t.co/8069ifxr47 RobAnderson2018 (from Louisiana, USA) Tue Mar 31 15:53:06 +0000 2020
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