As the world turned to online shopping during quarantine, Costco's ecommerce business barely budged from 5% to 8% of total revenue according to Business Insider (BI).
Even so, the discount wholesaler pulled in a record $4B profit (on $163B revenue) for its full fiscal year as shoppers stocked up on comically large jugs of cashews and other quarantine-friendly goods.
* * *
Costco does offer some grocery delivery and dry goods through a partnership with Instacart. However, it doesn't do curbside pickup and digital innovation is not a priority.
Many things are taking place:
CAIT seeks early rollout of ecommerce policy | Deccan Herald
The Confederation of All India Traders (CAIT) claimed that the country's e-commerce ecosystem has been greatly vitiated by large e-commerce companies.
How eCommerce Industry Will Evolve in 2020 | The Union Journal
In 1994, when Amazon was launched, its first package consisting of a Physics book was sent via post. Fast forward to 2020; today, drones are being deployed to deliver packages at customer doorsteps. Folks! The utopian future that was depicted in The Jetson's Family cartoon is almost upon us. eCommerce is the key driver of the future. Every year, new trends emerge in the eCommerce space at such a giddying space that it is natural to feel missed out.
When Should You Change Your Ecommerce Platform? - SPONSOR CONTENT FROM SHOPIFY PLUS
All online commerce sites need a reliable, secure, and scalable platform to help grow the business bigger and faster. From payment gateways to apps, customizable themes to multiple sales channels, native social selling to mobile-first checkouts, your ecommerce platform must support your business as it evolves and expands.
Broken functionality, mounting tech debt, and the threat that growth itself will choke your success are all good reasons to find a new ecommerce platform.
Not to change the topic here:
E-Commerce Will Explode This Holiday And Put Retailers' Online Strategies To The Test
"Retailers have been building more capability for that last mile, but this year is going to be a ... [+] stress test for the retail supply chain," says Deloitte's Rod Sides.
While we await the National Retail Federation's holiday retail forecast – which will come any day – Deloitte and Forrester are out with their predictions for holiday 2020 and year-end.
Big Four accounting firm Deloitte has a "glass half full" view, expecting a rise in holiday retail sales between 1% to 1.5%. On the other hand, market research firm Forrester looks and sees the glass half empty, with retail sales declining 2.5% for the full year.
9 Pointers for High-converting Instagram Ads | Practical Ecommerce
Instagram ads appear in users’ feeds. The ads look like a regular post but with a sponsored label and a colored call-to-action button.
Images drive Instagram. Thus the visual should rule your ad. Choose a static image, carousel (multiple) images, or video. The choice depends on your budget and goal and your ability to meet image and video specifications . Once that’s covered, you’ll want catchy ad captions to accompany your visual.
Ecommerce & Other Non-Store Retailers Market Shares, Strategies and Forecasts Worldwide 2020
COVID-19 Impact on Ecommerce & Other Non-Store Retailers Market Professional Survey Research Report 2020-2027
* * *
Upon effective examination and research, the Ecommerce & Other Non-Store Retailers market report was curated for the forecast period of 2020 to 2027 and published thereafter. The broad idea of the study was to understand how the market will move ahead and what shape it will take in the forthcoming years. The study aims at supporting readers, investors, and players to make the best choice going ahead concerning the market, irrespective of whether it be for strategic or investment purposes.
Mulan Shows Disney+ eCommerce Potential | PYMNTS.com
We saw a tale of two big Labor Day weekend releases this year: Disney's Mulan and Christopher Nolan's time travel-thriller Tenant. Both were billed as 2020's big summer blockbusters, both had budgets in the hundreds of millions, both enjoyed extensive marketing campaigns, and both came to their release dates actively anticipated by audiences.
* * *
Tenet's release to theaters generated a lot of buzz ( Tom Cruise sure liked it ), but its box-office performance has been "meh" so far at best. The film brought in $29.5 million after two weeks in America and about $177.5 million overseas.
No comments:
Post a Comment