Payments News » Remote Commerce

Cyber Monday Totalled $9.2B in US Online Sales, Smartphones Accounted for a Record $3B

December 3 2019

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Remote Commerce

“Cyber Monday — the final day of the extended Thanksgiving weekend that traditionally kicks off holiday season spend — broke another e-commerce record: US shoppers racked up a total of $9.2 billion in online sales, according to figures from Adobe . To put that number into some perspective, at its peak, consumers were spending $11 […]

Domains

Walmart’s Jet to Cease Its New York City Fresh Grocery Business

November 22 2019

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Remote Commerce

“The move is the latest example of the declining importance of Jet, a business Walmart paid $3.3 billion to acquire in 2016 to reach urban millennials and gain the services of co-founder Marc Lore, who has taken over Walmart’s U.S. e-commerce operations. The company’s online revenue has increased — but most of the unit’s success […]

Companies

Walmart Posts 41% Online Sales Growth In Q3 As Grocery Investments Pay Off – Retail TouchPoints

November 15 2019

“Walmart is headed into the holidays with a jolly outlook after posting Q3 online sales growth of 41% and a better-than-expected 3.2% growth rate in U.S. same-store sales. The company attributed the online sales growth to ongoing expansion of its online grocery services. Walmart as a whole now generates 56% of its revenue from food and grocery sales.”

Domains

Big Brands, Online Startups Find Success Rests on Store Shelves

December 9 2019

in
Remote Commerce

“American shoppers will buy almost anything online. But when it comes to household mainstays, from razors to tampons, the old-fashioned store still beckons. That reality is hitting some of the world’s biggest consumer-products companies, which collectively have invested billions of dollars in startups in recent years that sold directly to consumers. Meanwhile, upstart brands are […]

Domains

Amazon Reinvented Retail, and Everyone Else Is Just Trying to Survive

February 10 2020

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Remote Commerce

“On the other hand, if you look solely at US e-commerce, Amazon is an unrivaled behemoth. Currently, e-commerce only makes up about 11% of retail sales in the US, but its growth isn’t stopping. At this stage, Amazon owns an estimated 38% of online retail sales in the US, according to data from research provider […]

Domains

U.S. E-Commerce Growth Surges for Many Merchants Amid the Covid-19 Pandemic

March 31 2020

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Remote Commerce

“Newly analyzed data from Emarsys, a digital-marketing platform, shows that U.S. e-commerce spending continues to surge in the face of the Covid-19 pandemic, with at least a 57% growth in revenue and a 45% growth in orders in the past seven days. The U.S. Northeast region shows a 57% growth rate in revenue for pure […]

Domains

Coronavirus Spurs a Wave of Suspect Websites Looking to Cash In

March 25 2020

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Remote Commerce

“A popular technology company that has helped launch thousands of online retail sites has become a favorite tool for fly-by-night businesses looking to cash in on the coronavirus pandemic. New e-commerce sites that use the company’s services are filled with wildly exaggerated claims about virus-fighting products that may not even exist.”

Domains

Digital Payments Soar Amid Coronavirus Restrictions

March 24 2020

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Remote Commerce

“Digital-payment services are facing a surge in demand as efforts to stem the novel coronavirus pandemic result in housebound shoppers stocking up on groceries, prescription drugs, audiobooks and movies online. Many e-payment providers are falling back on contingency plans put in place to handle seasonal bursts in online shopping, such as Black Friday, in part […]

Domains

Mobile app spending to double by 2024, despite economic impacts of COVID-19

April 1 2020

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Remote Commerce

“The spread of COVID-19 has already had a significant impact on the mobile app industry, and that will continue in the years to come. According to a revised 2020-2024 market forecast from app intelligence firm Sensor Tower, a sizable increase in app downloads for industries like remote work and education will lead to a large […]

Domains

Amazon: Customers Shopped at Record Levels This Holiday Season

December 30 2019

in
Remote Commerce

“Amazon today announced that this holiday season was record-breaking thanks to its customers all around the world – billions of items were ordered worldwide and tens of millions of Amazon Devices were purchased worldwide. Throughout the season, Amazon offered customers incredible deals every day and deeper discounts and more Deals of the Day than ever […]