E-Commerce
June 17, 2019 at 10:01 am
Throw a rock in any direction and you won’t just hit an attorney or an accountant, you’ll likely hit someone price checking on Amazon.com. When we asked 4,500 consumers around the world about their online shopping habits, nearly seven out of 10 of them said they often or always compare what they find on a…
June 14, 2019 at 1:39 pm
Walmart announced Thursday that it's eliminating the president position at Jet.com and folding the e-commerce company's divisions into its own. The reorganization is part of an effort to merge the brands after Walmart bought Jet for $3.3 billion three years ago. Walmart current Jet President Simon Belsham will oversee the transition through August before his position is eliminated. Reportedly,…
June 13, 2019 at 11:51 am
Last year, consumers in the U.S. alone spent more than $517 billion with online merchants, up 15 percent from 2017. In 2018, the blockbuster holiday shopping season saw more than $17.8 billion in online sales in just the five-day period beginning on Thanksgiving, with a record $6.6 billion transacted on Cyber Monday. Black Friday marked the first…
June 11, 2019 at 12:36 pm
While many retailers have yet to come to a consensus on what the future of grocery will look like, they can agree that great disruption is already occurring in the category, and innovation will be driven by consumer behavior and desires. The proliferation of ways and places to shop means online grocers must also compete…
June 10, 2019 at 11:27 am
What makes an online retailer successful? Certainly it's not just high profit margins or a high conversion rate. Plenty of companies have made lots of money (at least in the beginning) and yet had to shut down due to other issues. Toys"R"Us was certainly a success on paper, often buying out its competitors and generating…
June 6, 2019 at 5:05 pm
Amazon.com launched an artificial intelligence-powered shopping feature in its app called StyleSnap at the re: MARS 2019 conference in Las Vegas yesterday. The tool enables users to upload a photo or screenshot of a particular fashion look they admire from pictures on magazines, websites or social media posts, and then get similar product recommendations from Amazon's apparel…
June 6, 2019 at 4:11 pm
E-commerce continues to evolve; therefore, it’s critical for e-commerce merchants to recognize the trends and be empowered to make better business decisions to drive sales. Some of the trends related to global online sales of digital goods and subscriptions are highlighted by 2Checkout, a digital commerce provider, in its Q1 2019 Digital Commerce Benchmark Report,…
June 5, 2019 at 2:15 pm
Walmart has hired Scott Eckert to run its investment arm and startup incubator, Store No. 8, according to an internal memo from Marc Lore, the retailer's head of e-commerce on Monday, and obtained by Reuters. Eckert is a former executive of Bain Capital Ventures, where he evaluated potential new investments and advised CEOs about existing…
June 5, 2019 at 10:17 am
There's an undeniable convenience that comes with shopping online — a few clicks of a button and a parcel arrives at your doorstep the next day. The ability to be able to shop 24/7 saves consumers time and money, which online merchants can capitalize on by sending discounts direct to customers. However, while shopping online is…
June 3, 2019 at 12:47 pm
2018 was a year of discontent for the retail industry, which saw several formerly formidable brands, including Toys"R"Us, succumb to external pressures — not least the increased migration of consumers online. Seventy-nine percent of Americans now shop online, and 30 percent do so at least once a week, according to 2018 data from Pitney Bowes.…
