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Ad revenues and e-commerce boom boost Facebook earnings but US users down from COVID surge
Analysts had expected Facebook, the social giant, to earn a much-smaller $1.91 per-share off smaller revenues of $19.82 billion. The company also reported an average of 1.82 billion daily active users in September, up 12% compared to the year-ago period. Monthly actives were 2.74 billion, also up 12%. Both results were ahead of expectations .
Notably Facebook’s headcount rose sharply during the year, rising 32% compared to the year-ago period. That outstripped its 22% year-over-year revenue growth. The company’s total expenses rose 28%, again faster than its revenues.
Retail Ecommerce Ventures (REV) Officially Relaunches Pier 1 Imports Online Store
Retail Ecommerce Ventures (REV) officially relaunched Pier1.com, the new customer-centric online store for home furnishings and accessories retailer Pier 1 Imports.
The 58-year-old brand closed its brick-and-mortar locations this year as part of its bankruptcy plan, but millions of people continue to cherish Pier 1 Imports and its curated assortments of proprietary and imported goods, said Tai Lopez, Executive Chairman and Co-founder of REV. This past July, the investment firm acquired the rights to Pier 1’s trademark name, intellectual property, data and various ecommerce-related assets for $31 million.
US holiday ecommerce sales will surge over 35 percent this year - Business Insider
Retailers are bracing for a softer holiday season due to the pandemic. They will see, however, a major shift to ecommerce this holiday season.
US consumers will spend $190.47 billion this year on holiday ecommerce purchases, up 35.8% and representing an incremental $50 billion in sales versus 2019. In-store holiday sales will decline by 4.7% to $822.79 million. But online gains will entirely make up for these losses, resulting in growth of 0.9% for total holiday season sales, to $1.013 trillion. (Note: We define holiday season sales as those occurring in November and December.)
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Why Tapestry's new focus on e-commerce is set to impact the retail landscape – Glossy
Tapestry had a good first quarter of its 2021 fiscal year, slowly climbing back toward profitability over the last three months, the company reported on Thursday. But like many others in the fashion industry, Tapestry's relative growth hasn’t come from increasing sales — in many areas, sales are still still down significantly.
Overall Tapestry’s revenue was down by 21% year-over-year for the quarter, but profitability was up, with a 380-point increase in gross margins and 37% increase in operating income. Andrea Shaw Resnick, Tapestry's interim CFO, said that the improved margins came from the fact that the company closed 50 store locations this year and pulled out of or reduced several wholesale partnerships.
DesignRush Ranks the Top eCommerce Marketing Companies | MarTech Cube
The demand for eCommerce services , including marketing, has spiked since the start of the COVID crisis as businesses are turning to online channels to provide safer shopping experiences for their customers.
As a result, the market has become more saturated than ever. To stand out and grow sales, online stores need a qualified partner and solid marketing strategies.
Existing Infrastructure Could Support $77.7 Billion More In E-Commerce
COVID-19 radically shifted consumer shopping behaviors. Besides shopping more in already-familiar categories, consumers turned to e-commerce for a range of categories for the first time during the pandemic, permanently increasing the number of e-commerce shoppers. New shoppers, specifically baby boomers, also came online for the first time, driving the boom in researching products and services online, according to consumer survey data from Euromonitor International.
The big unknown in the industry today is what portion of this e-commerce spike will remain post-pandemic. According to Euromonitor International's Voice of the Industry: COVID-19 Survey, 64% of industry professionals surveyed in July thought COVID-19 would drive a permanent increase in online shopping, up from 54% of those surveyed in April.
Happening on Twitter
Walmart is turning 4 of its stores into partial e-commerce hubs in an unprecedented test of combing in person and o… https://t.co/ImAq9guMQN businessinsider (from New York, NY) Thu Oct 29 18:01:40 +0000 2020
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