The Michaels Companies, Inc. reported Q2 eCommerce growth of over 350 percent year on year, fueled by bolstered and expanded omnichannel functions such as same-day delivery and curbside pickup, according to a Thursday (Sept. 3) announcement .
Michaels reported that all retail locations opened again by the start of July. It had positive 12 percent Q2 comp store sales, fueled by formidable demand in open retail locations and digital.
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Signet Jewelers Sees 72.1 Pct eCommerce Growth | PYMNTS.com
Signet Jewelers Ltd. reported on Thursday (Sept. 3) that same-store sales dropped 31.3 percent in Q2 FY21, but eCommerce revenues grew 72.1 percent year over year as the chain expanded its virtual-selling model amid a digital shift, according to an announcement .
"Sales improved sequentially throughout the second quarter as we reopened stores and remained agile and innovative in these unprecedented times," Chief Executive Officer Virginia Drosos said in the announcement. "During the quarter, we also scaled our new virtual selling model, improved our merchandise assortment and enhanced our targeted digital marketing to a strong consumer response."
Stores are 'critical' for Dick's Sporting Goods' booming ecommerce sales
Ecommerce sales increased nearly 200% year over year in Dick's Sporting Goods' fiscal second quarter ended Aug. 1. Plus, the sporting goods retail chain said online sales accounted for about 30% of total net sales in its Q2 compared with about 12% in its fiscal Q2 2019.
Overall, Dick's reported its highest-ever quarterly sales at $2.71 billion, a 20.1% year-over-year increase. Same-store sales increased 20.7% year over year, even with roughly 15% of its stores closed during the quarter, the retailer reported. This is compared with its Q2 2019, when same-store sales increased 3.2%. As of June, all of its stores are now open.
Pitney Bowes Announces Pricing Adjustment as Ecommerce Demand Continues to Surge Ahead of 2020
"Our clients rely on Pitney Bowes to help anticipate and manage their logistics costs. We don't take that responsibility lightly and the challenges of the pandemic have not altered our approach to simple and transparent pricing," said Gregg Zegras, Executive Vice President and President of Global Ecommerce at Pitney Bowes. "We have worked directly with our clients to review and revise volume projections and examine the realities of our market.
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How AI and Machine Learning Are eCommerce Tech Game Changers - ReadWrite
The trend in eCommerce has been driving quickly towards AI and Machine Learning. The onset of COVID-19 has accelerated this development for many companies. With a reduced workforce and many employees having to work at home, AI technology has been filling the gap and keeping eCommerce running at full speed.
The big four love that we have the stay-at-home orders as more people shop from home and spend time watching movies and social media.
Ecommerce surged while retail floundered in Q2 - Business Insider - Business Insider
Ecommerce's newfound level of importance to retail means that retailers, their solution providers, and issuers should quickly adjust their operations to boost their performances during the pandemic.
That means retail and payments stakeholders may need to adjust to ecommerce playing a bigger role in retail for the foreseeable future. And it's possible ecommerce will retain some of its increased popularity once the pandemic subsides if consumers find they like shopping more online, offering long-term benefits to firms that build up their ecommerce businesses now.
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Dickey's Barbecue Pit Introduces Expansive New Ecommerce Selection
Dallas, TX, Sept. 03, 2020 (GLOBE NEWSWIRE) -- The leader in Texas-style barbecue Dickey's Barbecue Pit is giving fans unfettered access to restaurant-quality cuts of meat, premium pre-cooked sides and desserts with the launch of their newest line of retail products.
This week, the barbecue joint with nearly 80 years of restaurant experience unveiled an entire new line-up of retail products on their At Home site including ready-to-heat sides and dips such as queso blanco, buffalo chicken dip, scalloped potatoes and broccoli casserole.
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