Last year, pandemic-driven demand for ecommerce accelerated sales growth for every product category. In 2021, sales growth will be lower compared with last year but will build upon the massive 2020 increase to far exceed our pre-pandemic sales estimates. Ecommerce will also make up a larger portion of total retail spending across product categories.
We forecast US retail ecommerce sales will grow 13.7%, reaching $908.73 billion. Prior to the pandemic, we expected sales would grow 12.8%, reaching $761.26 billion.
Emerald Debuts Streamlined B2B eCommerce Tech | PYMNTS.com
Emerald Holding has rolled out its new Digital Market tech platform, which will help create a new standardized single-platform B2B eCommerce approach, a press release said on Tuesday (April 27).
The service, as part of the company's Elastic Suite division, will offer year-round access to product sourcing and ordering across a wide range of brands.
In addition, the new service will also provide a more "streamlined and collaborative" approach for buyer and supplier experiences for in-person events, including Outdoor Retailer and Surf Expo.
Mailchimp Adds eCommerce Tools | PYMNTS.com
Mailchimp has launched two new commerce features for merchants to its larger integrated marketing platform, and has made them available for free, according to a Tuesday (April 27) announcement .
One of these features, called Stores, allows merchants to create an online storefront, add or edit products, complete orders and manage payments, tax and shipping. This product is in beta now and is scheduled to be available in the U.S. and the U.K. by May 18.
Relief For Ecom Cos As Karnataka Approves Delivery Of Non-Essentials
However, brick-and-mortar stores selling essential items will be allowed to open for four hours every day
Karnataka is the only state to have allowed ecommerce delivery of non-essential items in the first phase of lockdown
The government of Karnataka has allowed ecommerce platforms to continue their operations during the fourteen-day statewide lockdown that kicks off tonight (April 27), which brings some respite to the ecommerce marketplaces that are seeing a big revenue decline due to the lockdowns in Delhi and Maharashtra.
Central Garden & Pet Partners with Profitero to Accelerate eCommerce Growth as Online
Profitero, Inc., a leading global eCommerce insights platform, today announced a new global partnership with Garden and Pet industry leader Central Garden & Pet Company (NASDAQ: CENT, CENTA), to further grow Central's ambition to build the leading eCommerce business in its categories. The new partnership will enable the company to have a full view of its eCommerce business across eight retail partners.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210427005286/en/
Wayflyer and Adobe Announce Merchant Finance Solution to Propel eCommerce Industry - My
The partnership will provide eCommerce businesses on Adobe Commerce, powered by Magento and Magento Open Source with access to revenue-based financing, an affordable alternative to traditional sources of funds tailored to the needs of scaling eCommerce businesses. Instead of interest fees, dilutive equity stakes or personal guarantees, eCommerce merchants will be charged a single fixed fee, and remittances as a percentage of their daily sales.
Outlook on the IT/Consumer Electronics eCommerce Global Market to 2025 - Interactive Product
Dublin, April 27, 2021 (GLOBE NEWSWIRE) -- The "COVID-19 Pandemic Accelerates Investment in the Global IT/Consumer Electronics eCommerce Market" report has been added to ResearchAndMarkets.com's offering.
This research study examines the global electronic commerce (eCommerce) market with a focus on North America and the information technology (IT) and consumer electronics verticals. The report delves into the macro-economic factors affecting the global retail eCommerce market, its growth during the course of the COVID-19 pandemic, as well as the drivers, trends, challenges, and competition that are shifting global market dynamics.
Facebook reveals new features for creators to earn money from ecommerce sales | Reuters
The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration
The announcements are part of Facebook's effort to serve the "creator economy," in which social media influencers, journalists and others are earning money directly from their fans on platforms, including Clubhouse, Patreon, Substack and YouTube.
Facebook will build an affiliate program that will let creators earn a cut of sales from the products they recommend, Zuckerberg said.
Fiserv Grows eCommerce Payments Sector | PYMNTS.com
Fiserv is all-in on the digital-first economy. The company reported first-quarter results Tuesday (April 27) that showed resiliency in eCommerce and a major announcement on the use of QR codes as it aligns with new payments technology.
In terms of headline numbers, the company said earnings per share came in at $1.17, better than the Street by 4 pennies; revenues of $3.56 billion were just short of the Street at $3.57 billion, and where internal revenue growth (IRG) was up 4 percent.
How Augmented Reality & Virtual Reality is Transforming the eCommerce Industry?
• 71% of consumers are willing to shop more often if AR is available over the e-commerce retail platform.
• 40% of consumers are willing to pay extra for a product with customization available over AR.
• 32% of consumers are already using AR while shopping.
The above astonishing stats from Threekit hints at the significance of AR & VR over the eCommerce industry.
Perhaps if you are owning an eCommerce platform or looking forward to getting one, AR & VR is a must for your project. Ignoring them is bound to give your eCommerce portal a setback.
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