The Retail eCommerce Platform market research report emphasizes on the predominant trends and the factors stimulating industry expansion as well as those hampering it. Besides, it provides insights about the future growth matrix of this domain by comparing the past and present business scenario. Further, the document meticulously defines the size and shares of the market and its segments, uncovering the top dollar opportunities in the process.
Quite a lot has been going on:
3 Stocks with Promise as Ecommerce Growth Drops Off in 2021
The need for social distancing remains generally positive for the ecommerce segment, which includes pureplays as well as traditional retailers with ecommerce capabilities. However, estimates from the Commerce Department indicate that some of the traffic that moved online during the initial months of the pandemic is moving back to stores-
Accordingly, ecommerce sales in the last quarter were 36.7% above 3Q19 (down 1% sequentially), with total retail sales increasing 7.0% (up 12.0% sequentially). Ecommerce accounted for over 14.3% of total U.S. retail sales (it was 20%+ in the second quarter).
Visa MENA eCommerce Summit: online surge ushered in the new normal | Banking – Gulf News
Industry experts at the recent Visa MENA eCommerce Summit agreed that the sudden online boom during the pandemic was no temporary trend, but instead it indicated that the region has embraced the digital marketplace. The high-profile speakers also warned that businesses that do not get on board are doomed to fail.
Andrew Torre, Regional President, CEMEA, Visa, gave an overview of a pivotal 12 months for business in his opening address, revealing that a survey had shown 97 per cent of companies "tried something different during the pandemic to best serve consumers, such as selling online, introducing contactless payments or offering home delivery".
Direct-to-consumer ecommerce is set to be the norm for every retailer - The Economic Times
Ecommerce is set for exponential growth as brands wake up to the merits of directly reaching consumers using multiple channels and apps morph into shopping platforms
While you're here, how about this:
Lessons from a Friendly Bet: Beardbrand vs. Supply.co | Practical Ecommerce
Patrick Coddou’s company, Supply.co, sells razors and shaving accessories. My company, Beardbrand, sells beard products. He wants men to shave. I want them to grow a beard. We’re both direct-to-consumer ecommerce merchants selling premium grooming items to males. We’re competitors, in other words.
But we’re also friends. I interviewed Coddou in August 2020 for an “Ecommerce Conversations” episode. We realized that our companies were roughly the same size. We stayed in touch. In October, Supply’s year-to-date revenue was roughly $167,000 higher than Beardbrand’s.
eCommerce Growth Platform Sturish Raises $3.2 Million
Sturish — an AI driven eCommerce growth platform that establishes and grows online businesses across multiple channels and global markets — recently closed a $3.2 million USD seed funding round. Led by Neo, the round also included Act One Ventures, and Fika Ventures.
The Sturish business model is built on aligned incentives. And there are no initial costs and Sturish only makes money if and when customers' products sell. Sturish is making global sales seamless by using data driven tools to optimize how products are advertised and listed across marketplaces and handles all associated shipping, logistics, taxes, and compliance. And customers use a single dashboard to easily and clearly access sales data and market insights.
Unilog Reveals New eCommerce Analytics Offering
WAYNE, Pa., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Unilog , the leading provider of powerful, affordable eCommerce solutions to midmarket businesses, announced today that it has released a new eCommerce analytics offering called Site Analytics Pro. This new module provides Unilog customers with complete visibility over the onsite behavior of their customers.
"Distributors require data to inform their digital commerce strategy," said Suchit Bachalli, CEO of Unilog. "Site Analytics Pro provides insights that can answer questions like, 'How can I increase online sales, how can I improve my customer's digital experience, and in which channels should I invest more resources?' This information is critical as more and more of our customers' businesses shift to digital channels."
1-800-FLOWERS.COM, Inc. Finds Ecommerce Success Through Customer Centricity
Gifting company 1-800-FLOWERS.COM, Inc. successfully evolved into a leading ecommerce business after entering the market as a phone-based model nearly 35 years ago. By leveraging digital strategies and ecommerce solutions across its family of brands, including recently acquired Shari’s Berries and PersonalizationMall.com, 1-800-FLOWERS.COM, Inc. has seen record revenue growth.
In late January, 1-800-FLOWERS.COM, Inc. reported YOY revenue growth of nearly 45% for Q2 2021. The retailer attributes its recent surge in revenue to ecommerce growth, which climbed by 59.7% during that same period. The heritage gifting and floral retailer has a mission of “inspiring more human expression, connection and celebration.
Happening on Twitter
A new post: Retail, rent and things that don't scale. What happens when rent, returns and advertising blur into one… https://t.co/4HNx8HbyGr benedictevans (from London, mostly. ) Sat Feb 06 13:03:20 +0000 2021
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