US e-commerce grows 32% this year with top 10 retailers accounting for 63% of total sales
The pandemic has accelerated ecommerce growth in the US this year, with online sales reaching a level not previously expected until 2022. In our Q3 US retail forecast, the top 10 retailers by ecommerce sales will tighten their grip on the retail market.
Former NFL Darryl Sharpton is now thriving with an online furniture business
Sharpton, 33, said he’s seeking investors as he wants to expand the Albany Park line.
Watch what happens behind the scenes when you shop on Amazon
Watch what happens behind the scenes when you shop on Amazon. Start your video tour now.
Ikea's e-commerce has fallen apart during pandemic
The world’s largest furniture manufacturer kept prices low by selling flat-packed goods out of its giant stores, all while it was slow to respond to the digital revolution of apps and e-commerce.
Digital Motors Wants to Bring Tesla’s Internet Chops to Every Auto Brand
A startup looks to disrupt the “four-hour grind” that car dealers have perfected
Walmart surpasses Amazon in online grocery share
Walmart has overtaken Amazon in share of online grocery transactions, according to TABS Analytics’ 8th Annual Food and Beverage Consumables Study.
'Ruby Has' new eCommerce fulfillment center will feature state-of-the-art automation
Ruby Has, a leading ecommerce fulfillment company with a national footprint, announces the upcoming move of their Las Vegas fulfillment center to a new 374,000 square foot built-to-suit location, featuring state-of-the-art automation and a sophisticated climate control area ideal for health and beauty brands and other climate-sensitive verticals.
Walmart leads $1.2 billion investment in India’s Flipkart
The American retail group said the fresh capital would help Flipkart, which was valued at $20.8 billion two years ago, further grow its e-commerce marketplace in India as the world’s second largest internet market begins to recover from Covid-19 crisis. A group of other existing investors also participated in the new financing round, a Flipkart spokesperson told TechCrunch but declined to identify them individually.
Ocado CEO Points to Micro-Fulfillment and Smaller CFCs
Ocado recently raised £1bn in new equity and debt to help finance the rollout of its distribution centres — two of which opened in the first half — and is hiring hundreds of technical staff.
Companies that have licensed Ocado’s technology, including Kroger in the US, Aeon in Japan and Groupe Casino in France, “want to do more in ecommerce”, according to Mr Steiner.
“They want more new sheds, they want the CFCs (customer fulfilment centres) they have already committed to be scaling faster, and they’re also interested in different types of shed and store-pick capabilities,” he said.
Zappos tries something new: sell 1 shoe instead of 2
Zappos is trying out new ways to sell shoes: allow shoppers to buy a single shoe at a time or purchase a pair in two different sizes.
The tests, which started Tuesday, are aimed at amputees, those with differing foot sizes and others who have been left out by the footwear industry, which has sold shoes in pairs and in the same size for decades.
Walmart’s Amazon Prime competitor will launch in July
Amazon may have a 15-year head start, but Walmart is close to finally unveiling its own membership program that it hopes will eventually become an alternative to Amazon Prime. Walmart plans to launch a new subscription service later this month called Walmart+ that will cost $98 a year. It will include perks like same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early access to product deals, multiple sources told Recode.
US online grocery sales hit record $7.2 billion in June
The growth isn’t just due to a large influx of new customers to online grocery, but also due to more frequent orders. Customers may be ordering from online services not only for their large “stocking up” trips, but also for those smaller grocery runs they would often do in between — to grab ingredients for their weekly recipes or to replace the more quickly depleted items, like milk, bread and other staples, perhaps.
Visualizing the Size of Amazon, the World’s Most Valuable Retailer
Today’s infographic shows how Amazon’s market cap alone is bigger than the nine biggest U.S. retailers put together, highlighting the palpable presence of the once modest online bookstore.
The retail juggernaut is valued at no less than $1.4 trillion—roughly four times what it was in late 2016 when its market cap hovered around $350 billion. Last year, the Jeff Bezos-led company shipped 2 billion packages around the world.
The remarkable evolution of shopping luxury fashion online
This week, Net-a-Porter celebrates its 20th birthday, a milestone moment for a brand that completely transformed the luxury retail landscape when it first launched two decades ago. The revolutionary idea – of selling high-end fashion on the internet – might have been met with skepticism in the year 2000, but led the way for the fashion industry to alter itself dramatically once brands and consumers saw the advantages of the concept.
FreshDirect kicks off two-hour grocery delivery
Dubbed FreshDirect Express, the service enables customers in Manhattan, Brooklyn and sections of Queens to order from a curated selection of products and have them delivered to their door within two hours. Time slots are offered in 60-minute windows.
Project Python is a massive - 2.7 M SF, 100 feet high, 5 storey high - ecommerce proposal in Ottawa
A developer is planning to construct the largest industrial building in Ottawa at a Barrhaven business park – a 2.7-million-square-foot facility that would be nearly three times larger than the massive Amazon distribution centre on Boundary Road.
Facebook Shops Opens For Small Businesses
Facebook Shops represents the natural evolution of Facebook to shore up its leadership in digital advertising by bringing e-commerce capability onto its platform, a strategy it has tried in the past, but not as successfully as expected now after the COVID-19 retail shutdowns.
How Can Best Buy Offer for Free Something that Amazon Charges For?
One of the key initiatives Best Buy undertook as it turned itself around over the past seven years was using its stores to fulfill online orders. By using its stores to ship online orders, Best Buy is taking advantage of over 1,000 mini-distribution centers that are already close to where its customers live. Around 70% of the population lives within 10 miles of a Best Buy store, according to the company.
UPS teams up with Stamps.com to reduce friction for shippers
Stamps.com is the company behind e-commerce platforms ShipStation, ShippingEasy, ShipWorks, Stamps.com and Endicia. It has 740,000 subscribers across these platforms, many of which are considered smaller shippers. As e-commerce shipping speeds up, they may seek to move away from USPS and toward more premium services. Stamps.com ended its exclusive partnership with USPS early in 2019, naming a lack of 2-day service as part of the reasoning.