"Fraudsters are targeting higher value items like electronics and luxury brand names, especially within newer channels such as curbside pick-up and in-parking lot pick-up," said Debbie Guerra, executive vice president, ACI Worldwide.
"We continue to see a huge increase above industry averages in eCommerce sales year-over-year," Guerra continued. "As more brick-and-mortar stores reopen with COVID restrictions, we are seeing card-present transactions slightly increase; however, we expect the eCommerce trend to continue post-COVID as consumers experience the convenience and speed of digital payments."
Many things are taking place:
Retail Systems Research eCommerce Report Warns Brands Must Optimize Digital or Face
RSR, an industry market intelligence firm that helps retailers make more strategic decisions about the role of information technology in their enterprise, conducted the study from April to May of 2020. In keeping with the methodology used in its previous reports on this topic, RSR assembled a list of 80 top retail sites, and then evaluated these brands' website performance across multiple criteria.
"With consumers shopping primarily online and retailers desperate to make up lost revenue from recent brick and mortar store closings, digital channels are the last frontier of survival for retail brands," said Steve Rowen, Managing Partner, Retail Systems Research (RSR).
Rethinking Packaging as Consumers Shift to Ecommerce | plasticstoday.com
The COVID-19 pandemic has presented a plethora of challenges for both consumers and businesses. One area which has a spotlight on it is the ecommerce channel. With more people staying at home and ordering goods online, the ecommerce channel has experienced unprecedented growth from single-digit percentage sales pre-COVID, all the way up to an estimated 50% of goods being delivered to consumer doorsteps in the present environment.
Why Address Verification Is Crucial To eCommerce | PYMNTS.com
The eCommerce industry is trying to find balance as more consumers purchase via digital channels while overall customer spending is dipping during the pandemic.
This means marketplaces cannot afford to simply ride the digital engagement wave — they must actively entice spend-wary consumers to buy from their platforms instead of competitors'.
Verifying all necessary details — everything from consumers' names and physical addresses to their payment methods — must be done swiftly for engaging customer experiences, he said. Keeping verification safe as well as seamless is essential, even as eCommerce marketplaces respond to customers' changing needs and payment behaviors during the pandemic.
Not to change the topic here:
Metacake Launches New Ecommerce Growth Plan Tool to Assist Businesses with Ecommerce Strategy
As businesses shift online, many are facing a problem: most companies are not equipped to take on ecommerce quickly and do it well. If brands are new to ecommerce, they may not have the expertise or tools necessary to make an online initiative successful. If brands are investing in an existing ecommerce channel, they may not know the best places to leverage growth.
Whether they are looking to strengthen their existing ecommerce channel with conversion rate optimization or start from scratch, Metacake’s new Ecommerce Growth Plan is designed to help put DTC businesses on the right track for strategic growth.
Adobe Data Shows How Much Ecommerce Changing Grocery Industry During COVID-19 08/12/2020
U.S. consumers continued to spend online, especially for groceries. Ecommerce sales overall in July rose 55% year-over-year (YoY), hitting a record of $66.3 billion, according to Adobe Digital Economic Index data released Tuesday.
“COVID was an event that forced people to buy certain types of goods online they might not have done in the past,” said Vivek Pandya, senior digital insights manager, Adobe Digital Insights. “We expect some of this online spend to remain net-new, an elevated spend for the future, as the pandemic wears on and hopefully we see better outcomes.”
Pattern Closes $52 Million Series A Funding to Expand its Global Ecommerce Platform for Brands
The industry’s premier partner for global ecommerce continues to aggressively invest in data science, global expansion and proprietary technology to accelerate its share of global retail ecommerce sales, which are expected to surpass $6 trillion annually by 2023
When brands need help navigating the complex world of global ecommerce, they increasingly turn to Pattern. Brands such as Nestle, Panasonic, Zebra, and Skechers rely on Pattern’s ecommerce platform and expertise to improve their performance across an ever-changing global ecommerce landscape. On average, these brands see a 40% increase in online sales during their first year of partnering with Pattern and attain 93% brand compliance within the first nine months.
Major E-commerce Trends to Watch Out of in 2020
No matter what your industry niche, there are large numbers of competitors trying to capture the same customers as you. This means your website and your outreach to potential customers cannot standstill. You have to stay on top of the latest trends in e-commerce and implement them if you intend to engage potential customers and grow your business.
Ecommerce has revolutionized retail. It has evolved to satisfy the changing needs of individuals and to form online shopping easier for the fashionable day customer. In the beginning, E-commerce was limited in its capabilities. But not anymore. Whether it’s customization, enhanced return policies, or improved integration, all of those changes have taken the planet of e-commerce by storm. Monitoring eCommerce trends shouldn’t just be a hobby.
Happening on Twitter
The U.S. government needs a CTO-type who can oversee eCommerce infrastructure. We had this for roads, waterways, b… https://t.co/aApYUvyNn1 web (from At home being a #girldad.) Tue Aug 11 23:09:50 +0000 2020
@Renneslechat reasons, may not be able to wear a mask. We encourage those customers to consider an alternative opti… https://t.co/KJQWeegOIH kroger (from United States) Wed Aug 12 02:02:53 +0000 2020
AMZN spent only 4.3bn on Marketing in Q2. That's roughly 2% of its GMV -wet dream of any #eCommerce CMO. But it's g… https://t.co/kTcz1ejwqP pip_net (from Berlin, Germany) Tue Aug 11 16:21:23 +0000 2020
#Vocal4Handemade | There have been various initiatives taken by the GoI for the welfare of textile industry in Indi… https://t.co/AyQW2RXrFC GoI_MeitY (from New Delhi ) Mon Aug 10 14:19:53 +0000 2020
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