ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. Florida's ShipMonk, started in 2014, offers eCommerce fulfillment services and technology solutions.
"ShipMonk's customer base has doubled over the past 12 months, and today the company serves more than 1,000 eCommerce businesses," according to a press release . "ShipMonk's customer base has benefited from the ongoing shift to online purchasing and, amidst further COVID-accelerated growth, the company helped its merchants to keep a steady delivery stream, maintaining shipping and delivery timeframes and eliminating delays."
In case you are keeping track:
Holiday Spending Grows 81% on Kibo Platform as Consumers Turn to Ecommerce
With the move to online shopping caused by the Covid-19 pandemic, many people also opted to use new fulfillment options such as BOPIS (Buy Online, Pick-up In Store) and curbside, combined accounting for nearly a quarter, with 18% of total online orders coming through Kibo's ecommerce clients during the Thanksgiving holiday weekend.
"We have been very encouraged to see that even when retailers are fighting against decreased overall sales and social distancing limitations, that they are realizing the benefits of AI-driven personalized experiences and unified omnichannel fulfillment with options like curbside pickup," said Kalscheur.
Seven UX ideas to improve your ecommerce sales - ClickZ
All we need is conversions, and retailers around the globe keep developing new and new ideas to increase the rates and make site visitors buy. Some of them are really innovative, and some of them are controversial, to say the least, but it doesn’t mean that the best techniques can’t be distinguished. Building a good ecommerce user experience is significant for any business that wants to achieve high results.
Ecommerce UX takes a crucial role in creating a superior customer experience. Considering this fact, personalization can generate more sales, and customers are 40% more likely to spend more than planned when they get a highly satisfying personalized experience.
eCommerce Website Design Mistakes to Avoid At Any Cost
There is hardly any business imaginable these days that doesn’t have a website. Most business websites are increasingly getting equipped with e-commerce features to take on the business conversion opportunities and to reach out to a wider audience with the business deliverables. In that sense, the difference between so-called business websites and e-commerce stores are steadily decreasing.
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While e-commerce stores are increasingly becoming the face of businesses irrespective of size and niche, not all e-commerce stores are equally successful. Besides marketing and strategic flaws, one of the common factors that negatively impact e-commerce stores include design shortcomings. For any aspiring eCommerce development company catering to new business brands, knowing these common flaws and mistakes is a must.
Quite a lot has been going on:
FedEx Buying ShopRunner In eCommerce Foray | PYMNTS.com
FedEx took a big step on Wednesday (Dec. 2) toward beefing up its eCommerce capabilities, announcing a deal to acquire eCommerce platform ShopRunner for an undisclosed sum.
He said the tie-up aims to "create an open, collaborative e-commerce ecosystem that helps merchants deliver seamless experiences for their customers."
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"In pursuit of our purpose of creating the future of retail, we have built the foundation of a cross-brand ecosystem to create a simple shopping experience for consumers and to aggregate the scale of our network for our partners' benefit," Yagan said in the news release. "The unparalleled reach and assets of FedEx will accelerate our existing capabilities and align with our goal of creating new products and services that advance a more open, collaborative e-commerce ecosystem."
Kroger's eCommerce Grows 108 Pct in Quarter | PYMNTS.com
Grocery giant Kroger Co. had signaled that its third-quarter 2020 report would deliver excellent earnings. And when the company released its Q3 results on Thursday (Dec. 3), it did highlight that its online sales shot up 108 percent. The company also raised its full-year guidance on how it expects to perform.
In the earnings announcement, Chairman and CEO Rodney McMullen said the company had continued to execute on its "Restock transformation." He pointed to total company sales, which hit $29.7 billion in the third quarter, up from $28 billion for the same period last year.
Target's ecommerce sales jump 154% in Q3 2020
Target Corp.'s third-quarter ecommerce sales show that pandemic-driven shopping is still surging heading into the holidays, and omnichannel services are fueling the online growth even more.
Online sales reached $3.51 billion during the quarter ended Oct. 31, up 153.9% from $1.38 billion in Q3 2019. Web sales accounted for 15.7% during the quarter, up from 7.5% a year ago. Target's ecommerce business grew even faster during the first nine months of the year: Online sales jumped 163.0% to $10.37 billion, up from $3.94 billion during the same period of 2019.
CORRECTING and REPLACING Holiday Spending Grows 81% on Kibo Platform as Consumers Turn to
Retailers saw ecommerce sales surge on mobile and desktop during the Cyber 5 weekend, with store pickup and curbside accounting for nearly 18% of all orders
"As predicted, ecommerce grew tremendously across the board for our retailers, who used a variety of personalization and fulfillment strategies to optimize their customers' omnichannel experience and create ecommerce efficiency during a time of strained resources," said Lisa Kalscheur, CMO at Kibo.
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