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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Smartphones have revolutionized many aspects of how we live our lives. From the convenience of text messaging to keep in touch, map apps which keep us from getting lost, immediate access to our favorite social apps to stay engaged, and always having a camera to document what we see and experience, the smartphone is an incredibly useful device. Most of us feel practically naked when we forget and leave it at home.Continue Reading
As the subscription model continues to expand its share of the e-commerce market, more and more businesses see the revenue opportunities the model entails. Whether it’s subscription handbags or study aids, charitable giving or video streaming, businesses both established and upstart are adding a subscription component to the mix—or jumping in wholesale, having chosen the subscription model as the best way to meet their customers’ needs and desires.Continue Reading
The UK’s “Brexit” vote earlier in the year got a lot of people’s attention, and people are still wondering how this will affect the UK economy—the largest e-commerce market in Western Europe by a significant margin. Stalwart research firm eMarketer predicts that the UK will hold their first place ranking through at least 2020, which was the end of their forecast period. The UK’s e-commerce sales are expected to top out at $145 billion by 2020, from $92 billion last year.Continue Reading
February 8th marks the start of the Chinese New Year and ushers in the Year of the Monkey. According to Chinese horoscopes, the Year of the Monkey will be marked by many financial events. If merchants want to see good returns on their financial investments, then they need to “outsmart” the monkey.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
For those of you not living under your rotary phone (pics please!), you have probably noticed that more and more consumers are now conducting more transactions directly from their mobile devices. In fact, the latest data from Adyen notes that mobile now accounts for 28.7% of all online payments. Another report from MEF found that 66% of mobile media users conducted some form of mobile transaction.