Food wholesale giant United Natural Foods, Inc. (UNFI) is going digital. Though the company may have seen year-over-year sales declines in the third quarter, UNFI continued to gain in eCommerce. In particular, the company's new Community Marketplace platform, which launched in April, is gaining steam.
The Easy Options site is a wholesale eCommerce platform for retailers and eTailers to stock their physical and virtual shelves. Its Community Marketplace provides brands that already have partnerships with UNFI and those that do not the opportunity to find placement with UNFI's retail customers with built-in inventory control and fulfillment tools, and it provides retailers with a brand discovery tool and with easy purchasing options.
Lightspeed Buys eCommerce Providers in a $925 Million Deal | Tech.co
The point-of-sale company Lightspeed just bought the ecommerce platform Ecwid in a $500 million deal and bought NuOrder, a B2B-focused ecommerce platform, for another $425 million.
Lightspeed has already bought multiple other POS companies in deals worth hundreds of millions of dollars.
This new pair of deals isn't new, even if its total worth of nearly a billion dollars is impressive. But this is a confirmation that Lightspeed sees an enormous growth potential for the ecommerce industry and the POS systems that power it.
SmartBug Media® Acquires Worth eCommerce, Adding High-Growth E-Commerce Marketing Business Unit
"We are thrilled to acquire a successful company that shares our business and cultural values," SmartBug Founder and CEO Ryan Malone said. "As many organizations are looking to add an e-commerce component to their business model, Worth's e-commerce/B2C focus is complementary and adds depth to our traditional focus on B2B customers, enabling us to offer another top platform in the space."
Worth is a platinum partner of Klaviyo and is part of Klaviyo's Partner Advisory Council. Worth's strong reputation as a Platinum Master Partner of Klaviyo brings another high-quality strategic partnership to SmartBug. "In the HubSpot ecosystem, where we are the highest-rated partner in HubSpot's global partner directory, our customers benefit from our deep expertise in the platform and our ability to deliver ROI for our clients.
US ecommerce forecast revised upward, 18% growth expected in 2021 - Insider Intelligence Trends,
Following a strong Q1 fueled by government stimulus, we have increased our forecast for US retail ecommerce sales in 2021. US ecommerce sales are expected to grow 17.9% this year (higher than the 13.7% predicted in January 2021) to reach $933.30 billion. That pushes ecommerce's share of total US retail sales to 15.3%, up from 14.0% last year. Ecommerce is now on track to surpass 20% of total retail by 2024.
Total retail sales this year will increase by 7.9% to $6.083 trillion, surpassing $6 trillion for the first time. The two fastest-growing categories are apparel and accessories (up 28.7%) and home furnishings (up 11.4%). And because online sales account for about one-third of both categories' total sales, those sectors will help drive overall ecommerce growth as well.
Speaker Spotlight: Systemax CMO Klaus Werner on growing ecommerce
Werner : The customer. They are top of mind, and every Systemax initiative revolves around the customer—we look to meet them where they are. Nowadays, this means increasing our capability and improving the user experience with a focus on mobile. Ecommerce accounts for about 55% of our sales transactions, it is a significant part of our business.
Werner: Time is our biggest barrier. We strive to move as fast as possible while maintaining a thoughtful and disciplined approach that keeps customers at the epicenter of every business decision. We invested a significant amount of time and effort in the recent rollout of The Knowledge Center, which provides a high-level resource to our customers with very accessible and digestible content that is important to them. And, there is so much more we want to do.
New Offerings In eCommerce, Digital Payments | PYMNTS.com
Stitch Fix posted better-than-expected quarterly results, while the online styling service plans to debut a Direct Buy offering to new clients by the end of the quarter. And in payment methods, offering crypto payment acceptance can help merchants develop loyalty with clients, and harnessing crypto debit cards could help crypto firms expand their reach. All this, Today in Data.
51% : Share of U.S. cryptocurrency owners who are more likely to shop with a merchant that accepts crypto.
B2B ecommerce is now healthy and growing
Google Launches New Integration with WooCommerce to Streamline eCommerce Listings | Social Media
As part of the continued expansion of its eCommerce offerings, Google has today launched a new integration with WooCommerce , which will make it easier for WooCommerce's 4.4 million merchants to integrate their product inventory across Google's various search and discovery surfaces.
"Making it easier for retailers who work with partners like WooCommerce to integrate with Google shopping features across Search, Shopping, Image Search and YouTube means that retailers of all sizes will have even more ways to get discovered. And shoppers will have even more choice as they make their shopping decisions."
Navigating cross-border ecommerce: what brands need to know
More of us than ever – 2.1 billion globally , in fact -- are turning to ecommerce in a bid to get our shopping fix. Prior to 2020, the number of consumers choosing to shop online was already increasing; now, accelerated by the COVID-19 pandemic and the knock-on effects of changing consumer behavior, this rise is breaking every record ever set for ecommerce growth.
The statistics for growth from 2020 prove that ecommerce needs to be an integral part of every brand's strategy from the very beginning. Indeed, according to Digital Commerce 360 , the past year saw the highest annual growth in US ecommerce for two decades (44%), as well as the biggest jump in ecommerce penetration in the US ever recorded (5.5%). In fact, 2020 became the first year in history that ecommerce sales accounted for the entirety of US retail growth (101%).
No comments:
Post a Comment