Tag: ecommerce
Figures reveal 90% of eCommerce startups fail in first 120 days – why?
Those preparing to launch their own successful eCommerce venture might be disheartened by figures revealing that around 90% of all new eCommerce startups go bust within the first 90 days. This is despite the record numbers of new eCommerce startups being launched in the past couple of years. While some of the reason that eCommerce…
European eCommerce Revenue to jumps 30% to $465B in 2021
The COVID-19-led boom in online sales has caused an impressive growth of the European eCommerce market, both in terms of revenue and the number of users. As millions of people continue switching from brick-and-mortar shops to webshops, Europe's eCommerce revenue is set to reach a new record. According to data presented by Finaria.it, the revenue of the…
Online marketplaces grow 28% in 2020 to $4.28 trillion
According to the research data analyzed and published by ComprarAcciones.com, the top 100 online marketplaces globally posted sales worth $2.67 trillion in 2020. Compared to 2019, that marked a 29% increase in gross merchandise volume (GMV) against 25% for non-marketplace sites. Based on data from eMarketer, total eCommerce sales worldwide surged 27.6% in 2020 to $4.28…
Online retail sales hold strong in February, claims IMRG
With the strict lockdown still in place, online retail sales held strong in February, rising by 69.5% Year-on-Year (YoY). That’s according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. Though falling a little short of January’s recording-breaking 74% growth, February’s figures were still significantly higher…
Slow loading websites costing UK retailers £60 billion a year, claims study
The COVID-19 pandemic has accelerated the shift towards digital with more people now shopping online than ever before. However, it's crucial that retailers fix slow loading websites if they don't want to get left behind, claims a new report. The report by Fasthosts reveals that a slow loading website can set retailers back up to…
eCommerce Market to hit 3.8B Users in 2021, 10% Jump in a Year
The COVID-19 pandemic has accelerated the shift away from brick-and-mortar stores to digital shopping, as millions of consumers worldwide turned to eCommerce amid the lockdown. According to data presented by Finaria.it, the number of eCommerce users jumped by 9.5% year-over-year amid coronavirus outbreak and hit over 3.4bn in 2020. The increasing trend is set to continue…
5 Best Ecommerce Business Ideas
If the coronavirus pandemic has proven nothing else, it is evident that online shopping is the future. Several thousand ecommerce stores have popped up in its wake as people were placed in lockdown and unable to leave their homes except to shop for essential items like food and medicine. The number of potential online buyers…
Over 100,000 retail jobs lost to automation and e-commerce since 2011
More than 100,000 high street retail jobs have been lost to automation and e-commerce since 2011, according to a report. Women and regional workers were most affected as retailers cut traditionally female customer service positions in favour of extra warehouse roles which had mostly gone to men, the Royal Society for the Encouragement of Arts,…
Strongest May growth for online retail since 2010
Optimism around the Royal Wedding and the forthcoming World Cup led to strong online sales in May, according to IMRG Capgemini After a positive display from the High Street, the sun was also shining online in May, with UK online retail sales up nearly 20% year on year, according to the…
5 Questions You Should Ask Your WordPress Hosting Provider Before You Purchase Their Services
Setting up a website for business purposes is one of the smartest moves in this digital age. With a growing number of people who resort to online searches for shopping, you need to have that perfect site to showcase what you have to offer and raise some interest. After all, the World Wide Web has…
