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eMarketer: COVID-19 Retail Recovery Will Take Longer Than ‘Great Recession’ Rebound

Retail TouchPoints

Before the pandemic prompted closures of retail stores around the globe, eMarketer had forecast that 2020 worldwide retail sales would reach $26.46 The magnitude of the downturn and pace of recovery will be harder on the retail market than the Great Recession,” according to an article on the eMarketer site. for the year.

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May E-Commerce Sales Up 81%, But Total 2020 Retail Sales Still Expected To Drop 10.5%

Retail TouchPoints

Brick-and-mortar stores are beginning to reopen in some geographies, but e-Commerce is still riding high: online retail transactions grew 81% year-over-year in May, led by sportswear and sporting goods ( 216% ), housewares and DIY supplies ( 190% ) and gaming ( 84% ), according to ACI Worldwide. drop in overall retail sales.

eCommerce 166
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As Ecommerce Booms, Brands Must Boost App Stability

Retail TouchPoints

However, 2020 was an inflection point for one sector in particular: ecommerce. Online shopping revenues experienced massive growth and unprecedented highs in 2020. According to a recent report from Shopify, in Q1 2020 the ecommerce industry saw the equivalent of 10 years of growth in just 90 days. between 2020 and 2024.

eCommerce 190
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As Ecommerce Booms, Brands Must Boost App Stability

Retail TouchPoints

However, 2020 was an inflection point for one sector in particular: ecommerce. Online shopping revenues experienced massive growth and unprecedented highs in 2020. According to a recent report from Shopify, in Q1 2020 the ecommerce industry saw the equivalent of 10 years of growth in just 90 days. between 2020 and 2024.

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How Retailers Can Leverage Technology to Turn Economic Uncertainty Into an Opportunity

Kibo

The dramatic online retail boom of the stay-at-home pandemic era seems to have come to a decisive end. . But despite growth slowing, revenues from online sales continue to be strong and vastly outstrip pre-pandemic revenues. Why online retailers should continue to invest in eCommerce technology.

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How to Reduce Walmart Marketplace Returns and Cancellations

SellBrite

Nearly 93% of the products available on Walmart.com are part of Walmart Marketplace, which allows third-party sellers to sell items on the retail giant’s website and reach millions of customers worldwide. ecommerce retailers $550 billion by 2020. They cost you money. It’s estimated that return deliveries will cost U.S.

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The History of Ecommerce: What The Past Says About Tomorrow’s Retail Challenges

BigCommerce

Globally, ecommerce growth projections are also on an upward trajectory: They show that retail sales may exceed $4.058 trillion by as soon as 2020. 1992 Book Stacks Unlimited launches as one of the first online marketplaces for books. 1998 PayPal launches as an online payment system. 2009 Square, Inc. Image source.

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