Retail TouchPoints
JULY 14, 2020
“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. After the 2008-2009 financial crisis, it took the majority of affected markets approximately one year for retail sales to return to pre-crisis levels.
Retail TouchPoints
JUNE 22, 2021
Even as we move beyond the pandemic this year, with lockdowns winding down and brick-and-mortar retail stores opening again at full or near-full capacity, ecommerce is continuing to increase tremendously. According to Shopify’s data, online retail will grow at a CAGR of 8.1% between 2020 and 2024.
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GetElastic
NOVEMBER 11, 2019
billion Cyber Monday online shopping day in the US. Popularized in 2009 by an executive named Daniel Zhang who used the date to promote Tmall, Alibaba’s virtual mall for brands, with just 27 merchants participating. Source: [link]. This means developing smart partnerships for local payment expertise. [1] billion (US$30.8
Retail TouchPoints
JUNE 23, 2021
Even as we move beyond the pandemic this year, with lockdowns winding down and brick-and-mortar retail stores opening again at full or near-full capacity, ecommerce is continuing to increase tremendously. According to Shopify’s data, online retail will grow at a CAGR of 8.1% between 2020 and 2024.
Retail TouchPoints
JUNE 8, 2020
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.
Retail TouchPoints
JULY 25, 2022
Contactless payment evolved with Venmo’s release in 2009, and similar mobile solutions like the Apple Wallet have followed. For a generation that has little issue inputting their credit cards into online forms, the idea of taking an online loan is more appealing than nerve-wracking. with Klarna.”.
Kibo
AUGUST 18, 2022
Impacts of the recession on DTC brands and B2C retailers. 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. eCommerce growth was 6.7
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