‘ecommerce’ Tagged Posts

Thanksgiving e-commerce spend to high $three.5B, cell accounting for one-third of gross sales

The 2018 vacation season is predicted to be a bumper yr for e-commerce, helped by financial forces like decrease unemployment and underlying developm...

 

The 2018 vacation season is predicted to be a bumper yr for e-commerce, helped by financial forces like decrease unemployment and underlying developments like an ever-growing proportion of consumers opting to spend their cash on-line, and particularly on cell units. Thanksgiving, a day when brick-and-mortar shops are usually closed, is an enormous one for on-line spending, and thus far it’s off to a flying begin.

Adobe, which places out real-time analytics monitoring e-commerce gross sales, stated that as of 10am  ET, $ 406 million had already been spent on-line at the moment — progress of 23.2 p.c on 2017. Adobe tracks e-commerce transactions throughout 80 of the highest 100 US on-line retailers and says its analytics are based mostly on over 1 trillion visits to retail websites and 55 million SKUs.

At this fee, Adobe stated it believes that gross sales at the moment will complete a file $ three.5 billion, versus $ 2.9 billion a yr in the past. Notably, that is revised up from figures Adobe put out earlier this month, when it projected $ three.1 billion in gross sales at the moment.

It’s the primary day of the “large 5” for vacation procuring. Figures from Web Retailer analysis predict that the overall quantity that can be spent over the interval between Thanksgiving and Cyber Monday can be $ 21.6 billion. Whereas rising tides may raise all boats, the most important will reap essentially the most rewards: it estimates that Amazon will account for almost one-third of all gross sales.

The general image, apparently, is that e-commerce continues to account for between 10 and 20 p.c of all retail gross sales, largely the identical proportion that we’ve seen for years. In different phrases, whereas the general pie is rising in measurement, the proportion of the piece for on-line commerce doesn’t look like altering for the second.

Figures from eMarketer put total US vacation gross sales at retailers at over $ 1 trillion for this season, whereas e-commerce can be round $ 123 billion, or round 12 p.c of all gross sales.

We’ll be looking out for some cell stats, however thus far, the prediction is that they’ll see their highest-ever degree of exercise, each for looking and for spending. Up to now, smartphones have accounted for 48.four p.c of all retail web site visits and 28.2 p.c of gross sales, which outpaces on looking however not on gross sales — respectively, desktop accounted for 43.four p.c of web site visits, however 62.three p.c of gross sales (cart abandonment continues to be an enormous issue). Tablets in each classes hover at round eight p.c.

“Black Friday” — the day after Thanksgiving — was as soon as thought-about the official begin of the vacation procuring season, however that begin has come earlier and earlier annually, with brick-and-mortar shops kicking off their gross sales earlier to compete extra with internet-based procuring websites.

Between November 1 and yesterday, a complete of $ 34.three billion has been spent on-line, up 17.6 p.c. Notably, all 21 days in November hit greater than $ 1 billion in gross sales, and two days every noticed $ 2 billion in spend. That top spend reaches a type of zenith within the subsequent 4 days, when one out of each 5 can be spent, figuring out to $ 23.four billion in gross sales (or 19 p.c of all vacation season procuring).

“Pre-Thanksgiving offers seem to have enticed shoppers to spend a bit earlier as we noticed our second $ 2 billion day of the vacation procuring season. That progress is continuous within the early morning hours of Thanksgiving Day and we count on sturdy progress in gross sales and cell all through the day,” stated Taylor Schreiner, director, Adobe Digital Insights.

Adobe stated that this yr will see a fair greater complete than earlier years due to how the calendar works out: there can be an additional day between Thanksgiving and Christmas, figuring out to $ 284 million spent.

When it comes to merchandise which are doing effectively thus far, Adobe notes that high toys embrace L.O.L. Shock! and Hatchimals. High electronics in the meantime are Amazon Fireplace TV, Roku and Apple iPads.

Reductions can be coming in sturdy by Cyber Monday, however they’re already beginning. Common financial savings, Adobe famous, embrace 16.three p.c for computer systems, four.7 p.c for TVs and 12.2 p.c for toys.

I’m not positive how and why retailers would coalesce round these developments, however apparently at the moment is finest for sporting items (discounted on common by 13 p.c). Black Friday is finest for computer systems (16 p.c) and tablets (33 p.c). The Sunday earlier than Cyber Monday will see the most effective offers for attire (22 p.c), home equipment (18 p.c) and jewellery (5 p.c) (appears to be a “feminine” theme there), and the most important reductions for toys will occur Cyber Monday (19 p.c), when children are again at college and might’t peek over their mother and father’ shoulders as they’re snapping up stuff to place beneath the tree. 

We’ll preserve updating this put up as we get extra up to date figures.

Salesforce takes aim at e-commerce with $2.8 billion Demandware buy

 

Salesforce takes aim at e-commerce with .8 billion Demandware buy

(Reuters) – Cloud-based software maker Salesforce.com Inc. said yesterday that it will buy Demandware Inc., whose software is used by companies to run e-commerce sites, for about $ 2.8 billion

The transaction will help agents open a new front, as it attempts to take more market share from traditional software vendors like Oracle Corp. and SAP AG, both of which already offers cloud-based e-commerce services.

The e-commerce market is growing at a blistering pace as retailers expand their online presence, promoting the demand for software that helps management functions such as payment processing and inventory management.

Salesforce se cash offer of $ 75.00 per share represents a 56.3 percent premium to Tuesday’s closing Demandware.

The high premium that several bidders were probably on the table for Demandware, Stifel Nicolaus & amp; amp; Co. analyst Thomas Roderick said, Adobe Systems Inc. and Oracle cites other possible contenders.

“We are not winning any transaction, it is only the agreement that we can actually be done,” chief executive officer Marc Benioff told CNBC in an interview.

shares Demandware, which about 21 percent has fallen in recent years, has 55.9 percent to $ 74.81 on Wednesday. Shares of Salesforce, considered a barometer for the cloud computing industry, an edge down 0.3 percent.

Demandware, whose customers include Lands’ End Inc., L’Oreal SA and Marks & amp; amp; Spencer Group Plc, reported sales growth of over 30 percent for the last 10/4

“I think Salesforce CRM effectively won the war -. They need to be in terms of innovation and they should have the broadest, deepest portfolio … it was a blindekol for them, “has Wedbush Securities analyst Steve Koenig.

Global spending on digital marketing platforms is expected to grow annually more than 14 percent to about $ 8.5 billion in 2020, Salesforce said, referring to research firm Gartner.

The transaction is expected to close in the second quarter, Salesforce’s ended July is expected from the company in 2017 to increase sales by about $ 100 million- $ 120 million.

Salesforce fiscal 2017 sales forecast of $ 8.16 billion- $ 8.20 billion in May.

But agent said it now expects an adjusted profit of 93 cents-95 cents per share for the full year, compared with its previous estimate of $ 1 – $ 1.02

BofA Merrill Lynch financial advisor Salesforce is for the transaction, while Goldman Sachs is advising Demandware

(Reporting by Anya George Tharakan and Kshitiz Goliya in Bangalore; Editing by .. Saumyadeb Chakrabarty and Shounak Dasgupta)

Pakistan’s untapped resources empowered by e-commerce boom

 


The women in the north of Chitral is one of the unlikely profiteers of an e-commerce boom since 3G and 4G Internet arrived in the deeply conservative Muslim country in 2014, suddenly able to market and sell traditional products without needing their villages or in some cases even their homes.

“the online platform eliminates the middleman,” says Nasrin Samad, the entrepreneur behind the craftsman brand Kai, who work with women across the region.

Now, Chitrali women “have access to a global audience,” she says.

Kay products are sold at Polly & amp; amp; Other Stories (pollyandotherstories.com), which launched in late 2015 to the traditional craftsmen such as those connected with hungry consumers in Chitral for “authentic” products.

“Year of working with the local community and craft groups has shown us how difficult it was for local small businesses, even the most talented, to gain access to mainstream markets or in connection with customers, both within Pakistan and abroad, “Shaikh-founder Amneh Farooqui AFP.

To bridge the gap, says co-founder Ange Braid, the couple built a website to “small creative companies, many of them accompanied by women or young students, the opportunity to market and sell give. ”

opportunities like this in a country like Pakistan is “large,” said Adam Dawood, head of online market Kaymu.pk.

In the first quarter of 2015 smartphone sent to the country increased by 123 percent, according to the annual report of the Pakistan Telecommunications Authority, one of the fastest growth in developing countries.

broadband subscribers over 26 million people, the Ministry of Information Technology goes in February with broadband penetration from three percent to over 15 percent.

The Ministry cited World Bank studies show that can stimulate a 10 percent increase in high-speed Internet connections Gross Domestic Product (GDP) by 1.38 percent, and add introduced by the advent of broadband in Pakistan to have a “very positive effect on economic growth.”

Dawood echoes optimism the report. “There are tremendous opportunities for anyone to start selling and buying earn money immediately,” he said

-. Email mpowerment –

Women see the benefits, but e-commerce potential offers an even greater opportunity for young people in a country where about two thirds of the population – about 200 million -. It is estimated under the age of 30

In a recent economic survey by the Ministry of Finance exempted the challenges youth in Pakistan, including “limited job search expertise, a mismatch between education, aspirations and needs employers s and a lack of mobility, among other things “.

Seventeen-year-old Daniyal Admaney says he can defy skepticism was, however, about his childhood on his T-shirt design to start listing on Kaymu.

“I … thought I should do something productive during summer holidays when I have nothing to do except to sleep and bored,” he says.

Kaymu, a company of German company Rocket Internet, building new online businesses, helped launch several other e-commerce businesses unique to Pakistan as consumer website Daraz.pk.

The online market launched in the country three years ago and now boasts 3,000 transactions per day with approximately 11 million unique visitors in 2015, Dawood AFP.

Kaymu now employ about 150 people in Lahore and Karachi working with 15,000 suppliers such Admaney, and has a customer base of more than 300,000 people from around the country.

It has also helped to bring a number of international e-commerce sites to Pakistan, such as carpooling website Tripda and restaurant food delivery website panda.

– Scramble for Pakistan? –

But the global giants of e-commerce, such as Amazon still does not have an established presence in Pakistan, hampered by a lack of regulation and infrastructure as a system payments, says expert Shahzad Ahmad

Unrest in the militant ravaged country is also a factor, he said.

The promise of Pakistan remains enormous, he says, and adds that the central bank of the country, “a study has undertaken on the possibilities of online business and also come with a clear regulatory framework, so that foreign giants are attracted to stud in Pakistan e-commerce market. ”

Some obstacles in the process already deleted. Last year, remove the global Financial Action Task Force Pakistan from its list of high-risk and non-cooperative jurisdictions linked to money laundering.

Following the decision, the IT department in November will relieve the e-commerce regulations and invite online payment giant PayPal and Alibaba for the country, which continue to occur on delivery, but use of debit – and credit growth is announced.

In the meantime, ambitious Pakistanis has supplanted the fast-growing market with their own local, and in many cases successful products.

launching an online business can Nosheen Kashif, a former banker who keeps her job to gather her family to remain a housewife as she launches an online jewelry sales company.

“The scale of online sales is rural,” she says.