A new report on Friday (May 28) by the International Finance Corporation ( IFC ) found that women could drive more than $280 billion to Southeast Asia's eCommerce market between 2025 and 2030.
The IFC report — which includes data from eCommerce company Lazada and from surveys of vendors in Indonesia and the Philippines — indicated that by boosting the number of women selling online, and offering increased training and financial support, could lead to an increase in sales volume. The report said big eCommerce websites should do more to attract female entrepreneurs.
Caleres' eCommerce Sales Climb | PYMNTS.com
Caleres , whose stable of brands includes names like Famous Footwear and Dr. Scholl's Shoes, reported that total company-owned eCommerce website sales climbed 21.4 percent in Q1 2021, according to a Friday (May 28) announcement .
The footwear company reported that direct-to-consumer (D2C) sales comprised nearly three-quarters of total net sales for the quarter. It also posted a 108.2 percent sales jump in its Famous Footwear segment.
The future of ecommerce: From marketplace seller to the exit of your company
The preference of customers for href="https://directamp.com/" title="">ecommerce increased exponentially in the last year because of the pandemic caused by the COVID-19 , but even when everything returns relative to normal and physical stores open, the reality is that the preference for this business model will be maintained or will continue to grow over the next few years.
According to a report by the Mexican Association for Online Sales (AMVO), electronic commerce in Mexico reached 316,000 million pesos in 2020, which represented a growth of 81% compared to the previous year.
Today In Retail: Caleres' eCommerce Sales Rise | PYMNTS.com
In today's top retail news, footwear company Caleres reported a rise in total company-owned eCommerce website sales, while Ulta Beauty attributed a rise in net sales to consumer confidence, government stimulus and the relaxation of pandemic restrictions. Plus, Google is furthering its open commerce ecosystem for shoppers and merchants.
Ulta Beauty, which has roughly 1,300 retail locations, reported that net sales increased by approximately 65 percent to $1.9 billion in Q1 fiscal 2021. The beauty and cosmetics merchant said that the net sales increase was mainly due to positive impact domestically from enhanced consumer confidence, government stimulus funds and the easing of pandemic restrictions.
Leading the 2021 Ecommerce Charge: Recap and roundup
Jon Abt , co-president at Abt Electronics, shared Abt's curbside journey . Even though the consumer electronics retailer's single store remained open during the pandemic, the merchant quickly learned that its shoppers wanted a curbside fulfillment option. Responding to shopper demand, it quickly scaled up its operations to add curbside parking spaces and allowed shoppers to text a store associate when they arrived. The popularity of curbside ebbed and flowed throughout 2020.
One word of caution from Abt, however: If you are just testing out the program, use signs in the parking lot to note curbside areas instead of paint. Signs are much easier to move around as you figure out the best logistics for the program, while paint is more permanent.
Wayflyer Raises $76M To Help eCommerce Grow | PYMNTS.com
Dublin, Ireland-based Wayflyer has landed $76 million in funding, the company announced in a Thursday (May 27) blog post .
"Wayflyer exists to help eCommerce businesses grow, and to reduce the traditional barriers they face as they scale," the company said, adding its fast growth reflects a "focus on solving our customers' biggest problems and helping them achieve their goals."
Google Outlines Coming eCommerce Advances, Including Improved AR Product Displays | Social Media
Google has outlined a range of coming eCommerce tools , as it looks to help facilitate expanded user interest in online shopping, and changing search behaviors around product listings within its products.
And these additions could have a big impact. According to Google, over a billion shopping sessions are now conducted across its apps every single day.
The platform remains the key discovery starting point for a great many eCommerce searches - and as such, if you want to ensure your products are being found, you need to align with the latest Google search trends and additions to maximize your exposure potential.
Ecommerce channel ad spending surges forward - Insider Intelligence Trends, Forecasts &
One of the pandemic's overarching effects was accelerated digital transformation across the economy and society. A steep increase in the amount of retail sales transacted digitally buoyed digital ad spending last year and boosted digital advertising's long-term prospects.
Even before the pandemic, ecommerce channel advertising was attracting a lot of attention from advertisers—especially in verticals like consumer packaged goods (CPG)—as well as retailers, which hoped to add new higher-margin revenue streams to their businesses after seeing Amazon's success in the area. Amazon had become the No.
Publishers and ecommerce sellers can't survive on tentpole events alone
The pandemic-induced surge in online buying has led to some record numbers in ecommerce sales. Black Friday, long associated with brick-and-mortar retail, quickly became a significant online shopping day, and sales grew more than 20% last year. Meanwhile, Cyber Monday 2020 was the largest U.S. ecommerce day ever .
Amazon’s Prime Day and Alibaba’s Singles Day remain substantial revenue drivers for publishers leveraging affiliate partnerships. To a lesser extent, events like Memorial Day, Mother’s Day, Presidents Day and Valentine’s Day remain big days for online orders.
eCommerce Helps Fuel e.l.f. Beauty's Net Sales | PYMNTS.com
In today's top retail news, e.l.f. Beauty reported that eCommerce helped fuel its net sales surge, while ShipBob is officially teaming with Walmart. Plus, Best Buy's earnings showed the positive effect of the stay-at-home economy.
e.l.f. Beauty reported that net sales increased by 24 percent to $92.7 million for Q4 fiscal 2021, primarily supported by "strength in eCommerce, international and our national retailers" per a press release. The firm reported that gross margin dropped about 110 basis points to 63.2 percent. As for the company's overall botton-line results, e.l.f. Beauty reported 16 cents in adjusted diluted earnings per share.
Happening on Twitter
After a one-year absence, the Indy 500 has a female driver back in the race. Here's 7 female drivers to watch, who… https://t.co/O00wXyCiUz By_NathanBrown (from Indianapolis, IN) Tue May 25 11:10:24 +0000 2021
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