eCommerce Today — July 20, 2017: Top things you should know about
Full article at https://bit.ly/2tiai21
- •10 Sad Back-to-School Shopping Stores You Won’t Be Visiting This YearWhile the National Retail Federation (NRF, industry group) estimates that parents will spend $83.6 billion this year amid increased consumer confidence, 46% of shoppers with children in grades K-12 will shop online this year. That’s still less than the 57% who’ll hit department stores and the 54% who’ll shop at discount stores, but that also isn’t where the story ends. [TheStreet]
- •Amazon Update(1) Amazon introduced Amazon Pay Places. Amazon Pay Places lets you pay for real-world shopping using your Amazon info, starting with TGI Friday’s orders (2) Amazon launches Early Reviewer Rewards Program to help marketplace sellers with product reviews. Here’s how it works: Once Amazon accepts a marketplace seller to the program, Amazon reaches out to customers who have already purchased the product to write a review in exchange for a small Amazon gift card ($1-$3, for e.g.). Sellers have...
- •Why You Should Look to China for the Future of RetailChinese companies have been weaving together the online and offline worlds, trying for an ever more seamless fit. Read what Alibaba and JD.com are doing with optimizing the omni-channel experiences and technologies.[WSJ]. Also, Chinese Online Retail Sales Accelerate [Barrons]
- •Apple Names New China Head as Its Sales FallMs. Ge Mahe takes the helm of the China operations as Apple’s dominance in one of its most important markets has become increasingly uncertain. In recent quarters, its sales in the country have struggled — for the period ending April 1, revenue dropped 14 percent — in part because of increased competition from a range of domestic competitors putting out ever-cheaper, high-performing smartphones. Apple.com ranks #2 as an internet retailer in the U.S. [NYTimes, Digital Commerce 360]
- •BankruptcyData’s Analysis Reveals 35% YTD Increase In Retail BankruptciesSmall businesses make up the lion’s share of all the businesses filing for bankruptcy: Companies with sales of $500,000 or less generated 56% of all business bankruptcy filings during Q2 2017 and 61% YTD. Companies with less than 50 employees generated 87% of all bankruptcies during the first six months of 2017. [SeekingAlpha]