Ecommerce penetration worldwide increased from 16% in 2019 to 19% in 2020, driven by the pandemic-fueled shift toward online purchases, according to a report from the United Nations Conference on Trade and Development (UNCTD).
Global ecommerce sales, including both B2C and B2B, were up 4% to $26.7 trillion in 2020, according to UNCTD, comprising 30% of global GDP. During the same period, overall retail sales decreased 1%, from $13.1 trillion to $13 trillion due to the pandemic impact. B2C ecommerce alone increased 22% in 2020, from $2 trillion to $2.5 trillion, the agency reported.
Singapore's SCI Ecommerce Notches $38 Million | PYMNTS.com
SCI Ecommerce , headquartered in Singapore, raised $37 million as part of a growth funding round led by Asia Partners. The new capital comes as the startup said it's moving toward an initial public offering (IPO) before the year is out.
The Southeast Asian FinTech and eCommerce solution provider said it will offer cross-border merchants the eCommerce tools they need as it plans expansion across Southeast Asia ahead of a possible Nasdaq listing.
Mailchimp takes tentative steps into eCommerce -
Appointments will help companies offer services bookings online and manage schedules and reservations all in one place.
Mailchimp's Stores product will enable merchants to create an online storefront. Add and edit products, process orders, and configure payments, tax, and shipping. The company's Appointments product will allow businesses to offer services bookings online and manage their schedule. The company says the real attraction of the solution is the built-in access to Mailchimp's marketing platform capabilities. The ability to find, build, and engage with customers.
Today In Payments: eCommerce 19 Pct Of Retail | PYMNTS.com
In today's top news, eCommerce now accounts for 19 percent of global retail sales, according to a new report from the U.N., and Uruguayan payments startup dLocal has filed for an initial public offering (IPO). Plus, the nonprofit Digital Dollar Project will test use cases of a U.S. central bank digital currency in five pilot programs this year.
Fueled by the COVID-19 pandemic, eCommerce around the globe surged from 16 to 19 percent of total retail sales in 2020, according to a new report from the United Nations Conference on Trade and Development (UNCTAD). The U.S. dominated the overall eCommerce market, and Korea posted the biggest increase in online retail sales in 2020.
Meeting eCommerce Shoppers' Data Security Needs | PYMNTS.com
What can eTailers do to help ensure that their customers feel confident that their data security practices will keep their personal data safe online?
Our research shows that eTailers are on the hook for keeping their customers' transactional data safe and secure – whether they realize it or not. Sixty-five percent of all eCommerce customers say that experiencing even a single data security breach would prompt them to leave a merchant for good, putting pressure on eTailers to tighten their data security and reduce the risk of fraud and theft as much as possible.
Russia's ecommerce leader makes its first steps into the US market
Wildberries, the number one Russian ecommerce company, is making its first steps on the US market with dedicated versions of its website and mobile app.
The site's URL, us.wildberries.ru , betrays its Russian origin, while no US suppliers have been onboarded for the moment, according to Kommersant, a Russian newspaper. Logistics partners, including Canadian company Meest , will help carry our deliveries from Russian warehouses.
Syndigo Finds Brands Still Struggling to Integrate eCommerce Content
CHICAGO , May 4, 2021 /PRNewswire/ -- Syndigo, a leading SaaS product information and syndication company, and a portfolio company of Summit Partners and The Jordan Company ("TJC"), today released the results of its survey focused on product data and the customer experience. The survey targets global executives and is the first of a planned new series of thought leadership features called "Ignite: Insights powered by Syndigo".
63% of companies struggle to integrate data sources
Many brands reported that one of the barriers to accessing, compiling and using their data was organizational, specifically relating to tech silos in their organizations: 53% of respondents said that "better integrating our core technologies for managing product content" was the most important e-commerce action to take to improve business priorities.
Boscov's Selects Kibo Ecommerce to Create a Responsive Experience Across Mobile and Desktop
Boscov's plans to implement key ecommerce elements and unify personalization and order management operations strategically over time
After evaluating against other commerce vendors, Boscov's selected Kibo for its unified set of capabilities across commerce and marketing, as well as for the company's multi-tenant and modern design, innovative roadmap and straightforward customer service approach.
"The website is the face of Boscov's, and we knew we needed to upgrade our homegrown technology to deliver the best customer experience possible, just as we always have in our stores," said Jim Boscov, Chairman and CEO of Boscov's. "After reviewing the offerings in the market, the business case for using Kibo's ecommerce offering made sense.
Social Media Strategies Of Gourmet Gift Brands Support Ecommerce Growth Ahead Of Holidays
According to the National Retail Federation ( NRF ), Mother’s Day 2021 spending is expected to exceed $28 billion. “There is a lot of consumer optimism around Mother’s Day this year, as more people are getting vaccinated and stimulus checks are being distributed,” said Matthew Shay, NRF president and CEO. “For many, this is a chance to make up for last year’s Mother’s Day when we were under lockdown.”
To celebrate Mother’s Day and other gift-giving holidays throughout the year, many gourmet gift brands including Harry & David, Goldbelly and Godiva launch social media campaigns , host virtual events, create curated gift lists and offer promotions and discounts to help gift givers find the most perfect and delicious items. Whether it’s for new moms or grandmoms, food gifts are always a good idea.
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