Friday, January 6, 2023

Final 2022 holiday numbers break ecommerce records

Consumers spent $211.7 billion online in November and December 2022, representing a new ecommerce record and 3.5% growth YoY. This despite concerns about inflation, possible recession and supply chain issues.

Demand for toys and video games soared conspicuously compared to pre-season levels, while other categories that performed well included wristwatches, cosmetics, gift cards and — perhaps looking ahead to the spring — outdoor grills.

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Publisher: MarTech
Date: 2023-01-05
Author: Kim Davis
Twitter: @martechismktg
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Overall Holiday Retail Sales Growth Outpaces Online - Multichannel Merchant

Holiday retail sales saw shoppers thronging stores (photo credit: by Kevin Dowling on Unsplash)

Depending on who you believe, overall holiday retail sales in the U.S. increased between 6% and 8% which should cause retailers to do backflips, considering the state of the economy and inflation .

Publisher: Multichannel Merchant
Date: 2023-01-05T21:46:42 00:00
Author:
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Online holiday shopping hit new record, Adobe says

Shoppers spent a record $211.7 billion online from Nov. 1 to Dec. 31 — a 3.5% year-over-year increase — even as crowds returned to physical stores, according to data from Adobe Analytics.

Ecommerce spending topped $3 billion a day on 38 occasions during the 2022 holiday season. Only 25 days topped $3 billion in digital sales during the 2021 season.

Publisher: Digital Commerce 360
Date: 2023-01-05T16:55:43 00:00
Author: Paul Conley
Twitter: @DigitalComm360
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End-of-year Reflection and 2023 Forecast - Practical Ecommerce

I’m departing from my typical interview format for this week’s episode of “Ecommerce Conversations.” Instead, I’ll offer a year-end recap of Beardbrand, my ecommerce company, and address its future.

I launched Beardbrand in 2012. 2022 was among the most challenging, although we accomplished a fair amount. As an owner, I question whether I am moving the company forward. As many entrepreneurs know, there are seemingly unlimited options and decisions.

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Publisher: Practical Ecommerce
Date: 2023-01-06T13:00:59 00:00
Twitter: @practicalecomm
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An overview of eCommerce in 2022: Growth, hits and misses

While 2022 started on a high with an expectation of continued aggressive growth in eCommerce, there were quite a few interesting developments during the year.

Some estimates state that the Indian E-commerce market will overtake the US by 2034 to become the second-largest E-commerce market in the world. India's e-commerce market is anticipated to reach $111.40 billion by 2025.

Publisher: Times of India Blog
Date: 2023-01-06T08:39:25 05:30
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Building on Exponential Growth in 2022, CommerceIQ Continues to Lead Retail Ecommerce Management ...

Starting the year by closing its Series D funding round which brought the company's valuation to over $1B, CommerceIQ finished another consecutive year of achieving a 100%+ year-over-year revenue increase, 100%+ growth in customers served, and a 100%+ boost in headcount across the U.S., U.K.

Date: 2023-01-05
Twitter: @businesswire
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The state of CPG ecommerce in 5 charts - Insider Intelligence Trends, Forecasts & Statistics

Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce.

It doesn't take a CPGenius to understand that consumer packaged goods (CPG) have gone digital. "Winning at the digital shelf is more critical than ever" for CPG brands, according to our analyst Andrew Lipsman.

Publisher: Insider Intelligence
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Digital and marketing leaders network and collaborate at the 2022 AD eCommerce & Marketing ...

The 2022 AD eCommerce & Marketing Summit brought together digital and marketing leaders from AD owner/members, supplier partners and eCommerce partners from December 5-7.

"This week showed the incredible, forward-thinking spirit of AD's eCommerce and marketing community," said Caroline Ernst, Vice President, eCommerce Solutions. "Our sixth annual Summit was our largest yet, and this was the first AD Summit experience for over half of attendees.

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The myth busters of B2B ecommerce

Once a stepchild to in-person sales, the B2B ecommerce channel is now a key purchasing gateway for many corporate buyers.

But today, corporate buyers aren’t just open to B2B ecommerce. Two-thirds now rely on digital and remote channels throughout their purchasing journey, according to research from McKinsey & Co.

Publisher: Digital Commerce 360
Date: 2023-01-03T22:10:52 00:00
Author: Mark Brohan Jason Smith
Twitter: @DigitalComm360
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Italians Prefer eWallets for eCommerce | PYMNTS.com

On a global scale, Italy emerged fourth in mobile wallet adoption, behind Japan (25.7%), Germany (22.2%) and Singapore (21.3%), according to the PYMNTS Connected Economy report, " How The World Does Digital: Different Paths To Digital Transformation ,"

The discrepancy between online and offline payment preferences can be partly explained by the use of cash for in-store transactions.

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Date: 2023-01-04T18:09:57-05:00
Twitter: @PYMNTS.com
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