The recent announcement that buy now pay later (BNPL) start-up Affirm would be moving ahead with its IPO sent insiders buzzing about the future of BNPL and the impact of this fast-growing payment method on ecommerce. With worldwide ecommerce sales topping $4 trillion in 2020 , and 18% of all retail sales taking place online, according to eMarketer , the reliance by consumers on seamless BNPL solutions is likely to increase.
Both Affirm and Klarna boast of offering conversion benefits to merchants. On its website Affirm asserts that merchants see:
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Feast or famine typifies how B2B ecommerce sales grew in 2020
The total volume of all U.S. B2B sales boils down to how B2B buyers and sellers coped and changed with the times online in 2020.
The last 12 months accelerated what many ecommerce analysts consider a permanent shift in the way business buyers procure products and services for their organization, according to data and analysis contained in the newly published 2021 B2B Ecommerce Market Report from Digital Commerce 360.
Costco eCommerce Sales Soar 74.8 Pct | PYMNTS.com
Costco Wholesale Corporation , which operates just over 800 warehouses, reported its net sales for the second quarter climbed by 14.7 percent .
The company's eCommerce sales jumped 74.8 percent for the quarter excluding the impacts from changes in gasoline prices and foreign exchange, while same-store sales increased 12.9 percent on that adjusted basis.
Executive Vice President, Chief Financial Officer and Director Richard A. Galanti said on the earnings call that the company's curbside pickup test in Albuquerque is ongoing.
Winning ecommerce experiences hinge on this one thing
Consumer expectations for retail experiences will never stop increasing. Jeff Bezos calls it "divine discontent" and Coveo CEO Louis Tetu calls it Moore's Law of Digital Experience Expectations. Whatever you call it, we all know that shoppers get accustomed to their best experience and keep raising the bar from there.
Digital-native giants like Google, Amazon, Netflix, Wayfair and Spotify have set that bar high. They leverage search, data, and AI to offer customers personalized and relevant experiences—at a massive scale.
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Hollywood Actor, Director Finds Success on Amazon | Practical Ecommerce
Judson Morgan is a Los Angeles-based actor and director. He owns an agency that creates films and other visual content. He’s also a successful ecommerce entrepreneur — with a purpose.
He told me, “I have zero interest in making money off of a random product. It’s just not interesting. I wanted to build a real brand that people could resonate with.”
That brand is Benevolence Los Angeles, an Amazon-focused gift boutique that donates a portion of each transaction to charity. He launched it in 2017. Fast forward to 2021, and revenue from Benevolence, a second ecommerce brand, and his agency has grown to eight figures.
Snapcommerce raises $85M for AI-powered ecommerce messaging | VentureBeat
Toronto, Canada-based ecommerce startup Snapcommerce today announced that it raised $85 million in a funding round led by Inovia Capital and Lion Capital, bringing its total venture capital raised to over $100 million. Snapcommerce, which is on the path to an initial public offering, says it plans to use the funds to expand into new consumer verticals while scaling its product and team.
While consumer spending in the U.S. dipped last month year-over-year, on the whole, the pandemic has supercharged ecommerce. According to data from IBM's U.S. Retail Index , business closures and shelter-in-place orders accelerated the shift to digital shopping by five years, with online shopping projected to grow nearly 20% in 2020. Based on the survey data from BMC and Mercatus, ecommerce grocery orders alone totaled $5.9 billion, up 3.6% from $5.7 billion in August.
Wrapmate Releases First of Its Kind Ecommerce Platform for Vehicle Graphics Projects
New reimagined experience provides customers with exact pricing for quality 3M vehicle graphics through a transactional, transparent online platform
In recent years, consumer shopping habits have changed dramatically as customers look for easy ways to purchase goods when and where they want, in-person or online. While eCommerce isn't new, the pandemic has amplified its adoption, as customers continue to look for convenient and personalized ways to shop for everything from groceries to vehicle wraps, from the comfort and safety of home.
Mexico Issues Official Guidance for Voluntary Adoption of Ecommerce Ethics Code | Morgan Lewis -
Mexico’s Federal Consumer Protection Agency ( Procuraduría Federal del Consumidor (PROFECO)) on February 26 announced its new voluntary Ecommerce Ethics Code ( Código de Ética en Materia de Comercio Electrónico ), which may be adopted by entities doing online business in Mexico.
Generally speaking, the Ecommerce Ethics Code’s purpose is to enhance consumer protection by promoting (1) the creation and issuance of clear, precise, and easily accessible terms and conditions for the provision and sale of goods and services, and (2) collaboration between adversely affected consumers and suppliers in the ecommerce space.
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5 Little-Known Facts About The New Lead Of "River Where The Moon Rises" Na In Woo https://t.co/QhKWKolbP3 Koreaboo (from Worldwide) Fri Mar 05 09:25:00 +0000 2021
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