Last year, MSC Industrial Supply Co. took broad steps to bolster its digital technology and operations, hiring its first chief digital officer and investing in ecommerce improvements.
That strategy is already paying off in digital commerce figures reported for the fiscal 2023 first quarter, which ended Dec. 3, CEO Erik Gershwind said yesterday. Q1 ecommerce sales grew 15.6% year over year to $592.9 million and accounted for 61.9% of total sales.
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.
Cosmetics brand Morphe closes US stores to focus on ecommerce
Morphe makeup, which reached a social media-fueled $2 billion valuation, said it plans to close all its U.S. stores.
On Thursday, the company listed about 20 locations on its website. Forma Brands, Morphe's parent, said in a statement that it's shutting down its physical stores to focus on ecommerce and wholesale.
Ecommerce with Flair: Digital Tools for a More Inspiring Online Experience
The advantages of buying online are clear. For customers, product selection has gone up while prices have gone down , and convenience has become king. But not everything is better online.
But businesses are discovering that digital tools can provide customers with a new way to provide a personalized and engaging shopping experience. Ecommerce sites can now highlight products in new and interactive ways that make the discovery process more fun for consumers.
Leafly Continues to “Land and Expand” Its Cannabis Ecommerce Platform in More Markets ...
Leafly (NASDAQ: LFLY) is an online cannabis marketplace. The company connects cannabis retailers, brands and consumers on a platform for ecommerce shopping and education. CEO Yoko Miyashita spoke to New Cannabis Ventures about the company's mission in May .
Do Amazon Layoffs Mean Bad Things For Ecommerce? Nope. 01/06/2023
Amazon is fond of doing everything in a big way, and today it’s a tsunami of layoffs. The company, which had been expected to cut about 10,000 jobs, says it will eliminate 18,000 workers.
And analysts who follow the company say this is likely not the last belt-tightening moves the ecommerce giant will make as layoffs sweep through the tech community.
Multi-Channel eCommerce Software Market 2023 | Growth Prospects, Future Trends, Global Share and ...
Multi-Channel eCommerce Software Market report gives granular insights into industry dynamics (Key drivers, trends, restraints and opportunities), market segmentation details, regional revenue analysis and growth rate of top manufacturers – ChannelAdvisor, SolidCommerce, GoDataFeed, ...
Globaledit DAM Predicts Sharp Increase in Video Components in eCommerce in 2023 - EIN Presswire
Creative Content Industry's Top Workflow Asset Management Platform Sees Video Expand Across All Marketing Channels Upwards of 20%
EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome.
Why eCommerce Should Watch for Gift Card Scams in the New Year - Security Boulevard
Gift cards have become one of the most popular gifts during the holiday season.
Gift cards (both physical or digital) and prepaid cards have always been a favorite target among fraudsters.
Gift card fraud is appealing to the fraudsters because it is as easy as stealing cash without the need to go through any authentication. It not only disrupts the shopping experience of the consumers, it also damages the brand reputation of the retailer.
Cryptocurrencies and SPACs Implode - Practical Ecommerce
2022 was a terrible year for many global industries. In the financial sector, cryptocurrencies and special purpose acquisition companies incurred the most dramatic nosedive.
Even before the recent FTX debacle, cryptocurrencies were in trouble. Inflation and rising interest rates pulled capital out of volatile crypto networks.
Army of the Alien Monkeys
Earth is nice. We want it.
We welcome your submission to us.
No comments:
Post a Comment