Even so, with 75 percent of millennials buying goods online during the pandemic they’d never bought before, the potential for a widespread ecommerce boom is still very much there. The last several months have made the industry more fractured and competitive than ever before — but some are looking to change up that attitude once and for all.
* * *
In the second quarter of this year, Amazon posted online sales of $88.9 billion as Walmart topped $10 billion in ecommerce action for the first time ever. As the world has scrambled to adopt an ecommerce-focused mindset, big companies with the infrastructure to handle high order volumes and same-day deliveries are crowding out smaller players.
Other things to check out:
Remarkety Introduces SMS Marketing Platform to Help Ecommerce Companies Enhance Their
"Today's consumers are on mobile devices more than ever, and SMS messages have an almost 100% open rate. Brands that can deliver relevant and timely SMS messages to their customers can foster loyalty and engagement and drive greater revenues," said Joel Presman, Co-founder and General Manager at Remarkety .
FedEx surges as ecommerce demand sends profit climbing
(Bloomberg)— FedEx Corp. surged as a wave of ecommerce demand bolstered pricing power and propelled earnings amid the coronavirus pandemic.
Sales at the ground-delivery unit jumped 36% to $7 billion and operating margins rose to 11.8%, the highest in a year, FedEx said in a statement Tuesday. That helped push the courier's total earnings beyond Wall Street's highest estimate in the fiscal quarter ending Aug. 31.
A chemicals distributor fine-tunes its formula for ecommerce
Founded in 1975 as a distributor of equipment, chemicals and related products for Midwest industrial and commercial science laboratories, Midland Scientific Inc. has grown steadily over the years and now sells more than 500,000 products through its ecommerce site and via a salesforce that covers the entire country.
The company, based in the Omaha, Nebraska, suburb of LaVista, has realized steady growth in a competitive industry by offering competitively priced products available in a large number of options backed by the personal attention of sales and customer service teams, Midland says.
Quite a lot has been going on:
Payments Company Veem Raises $31 Million as Ecommerce Continues to Surge |
The Covid-19 pandemic couldn't stop Veem, a cross-border payments company, from raising $31 million in a round led by Truist Ventures.
Other new investors include MUFG Innovation Partners Co , the corporate venture arm of Mitsubishi UFJ Financial Group , or MUFG (the largest bank in Japan), as well as AB Ventures , the venture unit of Arab Bank, Paper Excellence and Myer Family Investments, according to a statement. Truist Ventures is the corporate venture capital division of Truist Financial (Ticker: TFC).
Learn Ecommerce From a Highly-Rated Business Instructor for $19.99 | Android Central
While brick-and-mortar stores are struggling in some places, eCommerce is booming right now. If you are looking for a way to make money from home, you might want to take The 2020 How to Start an eCommerce Business Course . This guide offers 28 in-depth tutorials, and you can get it now for just $19.99 .
Pretty much anyone can set up an online store nowadays. But to be successful, you need to attract customers. With tips and tricks from professional sellers, this course focuses on marketing techniques that are tried and tested.
Police: Money Launderers Used Chinese eCommerce | PYMNTS.com
Square on Tuesday (Sept. 15) announced the launch of "On-Demand Pay," to give workers faster access to their wages, and "Instant Payments," letting employers fund payroll in close to real time.
* * *
The FTC is looking into potentially launching an antitrust lawsuit this year against Facebook over allegations that the social media giant has stifled competition. Staffers have been asking about Facebook's past acquisitions and issues on how the company responds to app developers using its programs.
These are the stock market's 5 ecommerce winners of the COVID-19 pandemic, according to one Wall
Ecommerce companies — and, by extension, their stock prices — have been major beneficiaries of the COVID-19 pandemic, as consumers have transitioned to online shopping in order to avoid large crowds and social distance.
According to data from the US Census Bureau, ecommerce sales grew 45% in the second quarter, representing the largest quarterly increase since the fourth quarter of 2000. Meanwhile, online sales made up 22% of all retail sales, a sizable increase from 2019's ecommerce penetration rate of 16%.
Happening on Twitter
At the start of #HispanicHeritageMonth, let's recall that the story of this country has always been shaped by the c… https://t.co/2GuVOKZcDT PeteButtigieg (from South Bend, Indiana) Wed Sep 16 00:00:22 +0000 2020
when you hit a new PR lift and someone comes up next to you and lifts it for reps https://t.co/nRWpMmBVuM Gymshark (from Birmingham, England) Wed Sep 16 20:00:00 +0000 2020
No comments:
Post a Comment