But retail in 2020 was much more than just Amazon, Walmart and bankruptcy filings. We asked analysts for their takes on the year's biggest trends—here's what stood out to them in a very unconventional year for the retail industry:
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Media company GroupM's first-ever ecommerce forecast noted a "new plateau for newly accelerated future growth."
Jeff Malmad, executive director and lead at Shop+, a unit focused on retail and ecommerce at media agency Mindshare, pointed to internal research that found 62% of Gen X and 44% of Boomers are shopping online more now than before the pandemic.
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Safex Launches Decentralized E-Commerce Marketplace as SFX Token Appears on Exchanges
WASHINGTON, DC / ACCESSWIRE / December 23, 2020 / Safex, the blockchain engine for ecommerce, has announced the launch of its new crypto-powered online marketplace. The platform's native SFX token has also been made available for trading on several popular exchange platforms including Bw.com, Digifinex, Bitrue and p2pb2b.io.
The open-source platform enables users to create accounts, generate web stores, and participate in revenue sharing, with benefits flowing to both vendors and shoppers. These include lower transaction fees versus credit cards, fast settlement of payment, reduced risk of digital transaction fraud, and the elimination of intermediaries. Users will also be able to lock their tokens to earn rewards as marketplace activity grows.
Kroger Debuts On List Of Top 10 US Ecommerce Companies
Prior to 2020, grocery shopping was one of the things people usually preferred to do in person, instead of online. However, the pandemic changed everything. In 2019, online grocery sales grew 22%, but in 2020 they are predicted to grow 40% because of the need to shop safely, and consumers’ increasing comfort with ecommerce. Kroger, a grocery retailer that has been out in front of the ecommerce story since the beginning of the pandemic in the U.S.
8 Lessons: E-Commerce Modest Fashion Brand Opens A Storefront
Your business may be at the intersection of multiple, contradictory indicators, pulling you in very different directions. For example, one indicator may make it clear that the middle of a pandemic is not the time to open a storefront given social distancing and periodic lockdowns. Yet, the other indicator—growth in the modest fashion sector—says that opening a store is worth the risk.
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Breaking the Cycle of eCommerce Payments Fraud | PaymentsJournal
Bandit ML helps e-commerce businesses present the most effective offer to each shopper –
Bandit ML aims to optimize and automate the process of presenting the right offer to the right customer.
Conti (who founded the company with Lionel Vital and Joseph Gilley) is a former Uber software engineer and researcher himself.
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Conti acknowledged that there’s other discount-optimizing software out there, but he suggested none of them offers what Bandit ML does: “off the shelf tools that use machine learning the way giants like Uber, Amazon and Walmart do.”
Retailer in India Selects Bridgeline's Celebros Search to Power Search and Merchandising on Their
The company is a tech-enabled market disruptor in decorative lighting and is India's largest modern decorative lighting brand. The company was founded by Silicon Valley tech entrepreneurs with the goal of changing the highly disorganized decorative lighting market in India. They have seven luxury stores in Mumbai, Bangalore, and Hyderabad as well as their eCommerce store.
The company selected Bridgeline's Celebros search to drive higher conversion rates on their online store and improve their customer's overall experience. Celebros does this by improving search by delivering more relevant and accurate results and allowing their marketing team to easily merchandise, including their search results and category pages.
B2B eCommerce Best Practices for 2021. | TechBullion
One of the most popular features is the ability for users to control their accounts. This practice, known as user-based account permissions, allows the account user to establish spending limits and approval processes that mirror their internal hierarchy and purchasing processes. It provides purchasing managers a level of comfort that purchases fall within established parameters and accounting staff assurance that only authorized purchases are made. Reporting is simplified as well.
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