A new report by eMarketer predicts that e-commerce sales may jump by over 16% this year. The report credits growth in mobile sales along with intensifying competition between large retailers and marketplaces for the increase. Mobile commerce, particularly via smartphones, has been a powerful force all year, with eMarketer predicting that mobile commerce will have risen by 58% by year’s end, compared to 2016.Continue Reading
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According to a new report by Worldpay, 13% of the world’s shoppers are “Super Shoppers.” They earn that distinction by shopping more frequently and spending far more extravagantly than the rest of us. Eighty-five percent of Super-Shoppers make a purchase at least once a week, and 15 percent do so daily. Perhaps they’re shopaholics or maybe just curating a collection of some kind. What drives their shopping habits is undoubtedly difficult to discern. But we do know one thing about them, from a payments perspective: they prefer credit cards.Continue Reading
For most of us (okay, everyone in the northern hemisphere), summer is here. We’re thinking about our vacation plans, longer days, warmer nights, and general fun in the sun. Retailers however are thinking about back-to-school. Most consumers do their back-to-school shopping in July and August, so now is crunch time for retailers to get ready. This is because the back-to-school season is the second-busiest time of year for retailers (yes, the holiday season is first), reaching $68 billion in sales in 2015, according to the National Retail Federation (NRF).Continue Reading
The growth of mobile over the past few years should come as no surprise, and many analysts have been wondering whether e-commerce sales via mobile devices will one day overtake sales completed on desktops and laptops. If the 2015 holiday season is any indication, that is a distinct possibility.Continue Reading
By all accounts, the world of e-commerce keeps expanding. A case in point is China: despite a sluggish economy overall, e-commerce is a primary driver of retail sales growth there. In 2014, China’s e-commerce sales as a percentage of GDP overtook the US’s for the first time, accounting for $439 billion, or 7%, of the country’s GDP, as reported by CardNotPresent.com. This figure compares to only 6% in the U.S. These findings are based on a recent report from the China Internet Network Information Center.Continue Reading
E-commerce seems like it’s been around almost as long as personal computers have. Shopping is, after all, a national pastime, and online shopping is so much more convenient—we can do it at home, in our pajamas! So, it should come as no surprise that recent research, reported by eMarketer, indicates that e-commerce sales will outpace total retail growth this holiday season—with e-commerce growing at around 14% compared to overall retail growth rates of only 5.6%. And Q4 sales are projected to be 30% higher than Q3 due to all that holiday shopping.Continue Reading