PowerReviews analysis of consumer activity across 1.5MM product pages reveals a two-month surge to a "new normal" as sales volumes stabilize throughout May
The June edition of the PowerReviews Market Trends Snapshot is based on analysis of consumer activity across more than 1.5MM review product pages from the websites of more than 1,200 brands over the past three months. It reveals:
"Review submission volumes increased significantly in May, which was the biggest change in all the metrics we analyze. We actually predicted this in last month's snapshot because we know review submissions lags behind time of purchase. With sales levels showing no signs of declining, we would expect this figure to either climb further still or at the very least remain at its currently high level."
And here's another article:
Ulysse-Nardin starts selling direct to consumers through new ecommerce site - WatchPro USA
The company, which is owned by Kering Group, brought forward the launch of its ecommerce platform to June 3 in response to the current upturn in online shopping brought on by the lock down.
Authorized dealers for brands that start competing with them online never take the news well, particularly if limited edition watches are held back for their own dotcoms.
This is precisely the case with Ulysse Nardin, which is launching a Diver X Nemo Point watch exclusively online for the remainder of June.
Snapchat launches advertising service for eCommerce brands - Essential Retail
Snapchat has launched Dynamic Product Ads (DPAs) in the UK, allowing online retailers to automatically create ads to a global audience in real-time. Amongst the first brands to test DPAs in the past month are Adidas , Farfetch and Topshop , all of whom have recorded positive results.
The service has been developed in response to the long-term growth in online shopping, which has further exacerbated during Covid-19 , and has resulted in many retailers expanding their eCommerce offerings recently.
Fighting eCommerce Fraudsters Across New Vectors | PYMNTS.com
As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods.
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"There are a number of areas where the fraud threat has increased this year and where we have seen an increasing trend — and the current situation with COVID-19 has added to it," he told PYMNTS.
What's different this time? Tharle said real-time payments have increasingly seen adoption across the globe, as seen in volumes reported in Europe, Australia and the U.S.
In case you are keeping track:
Evidence For Major Retail Digital Shift Grows | PYMNTS.com
The digital shift in the during the pandemic has been substantial. But the retail industry may need new and bigger adjectives as the COVID-19 crisis wears on in some geographic areas and moves on in others. Because new evidence shows that eCommerce market share could easily double by the end of 2020.
Some of the evidence is domestic; some of it international. As reported in several versions of the PYMNTS COVID-19 tracker project consumers have a lot of conditions on when they will return, if ever, to pre-pandemic shopping behaviors. For example, more than half of the consumers (52 percent) who shifted to digital grocery shopping say they won't go back to their old ways of shopping, as online delivery and curbside pickup are gaining ground.
Facebook Acquires Stake in Indonesian eCommerce Platform Gojek, Expanding Presence in Developing
As Facebook continues to deal with questions about its content moderation approach , the platform is also working to add its next billion users, with the announcement that it's acquired a stake in Indonesian eCommerce 'super app' Gojek .
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"Since launching its app in 2015, Gojek has helped bring hundreds of thousands of merchants onto its platform, giving them access to more than 170 million people across Southeast Asia. Its payments business processes billions of transactions each year and owns the largest e-wallet in Indonesia."
Nordstrom Sales Fall but Ecommerce Inches Up, Diversification Continues
Luxury retail bellwether Nordstrom saw ecommerce growth of 5% to more than $1 billion in the first quarter of 2020, while overall sales dropped nearly 40% as COVID-19 locked down its retail side, the company reported.
On the positive side, Nordstrom was able to reduce Q1 inventory receipts by 30%, lowering its total inventory level by more than 25% relative to a year ago, reducing its cash burn by 40% and putting it in a better position to weather the unprecedented downturn. Competitor Neiman Marcus is headed in the other direction, going through a Chapter 11 restructuring and debtor-in-possession financing.
New Buyers and Large Basket Size Fuel Alcohol eCommerce Triple Digit Growth - Wine Industry
Nielsen Beverage Alcohol Practice reports that year-over-year growth rate for total off-premise alcohol dollar sales within Nielsen measured channels is +24.8%, +5.4% compared to the previous week.
Unless otherwise noted, all trends below are for dollar sales within Nielsen U.S. off-premise channels for the one-week period ending 5/23/20 compared to the same week in 2019. This week includes partial sales for the days leading up to Memorial Day. Note that given receipt timing of retailer data, we will see the full impact of Memorial Day in the data for the two week period ending 5/30/20 vs two weeks one year ago.
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