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Holiday 2022 Recap: Promotions, BOPIS Drove Late-Season Engagement as Overall Growth Slowed

Retail TouchPoints

The 2022 holiday season showed slow, but steady, improvement for the retail industry. As economic headwinds curbed spending capacity, online retail grew in the U.S. Inflation was a major factor in slower growth despite heavy discounting by retailers. but at its lowest rate in years: up 3.5% Global digital sales topped $1.1

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Use Coupang marketplace to enter the Korean ecommerce arena

Payoneer

With a tech-savvy consumer society and a remarkable internet usage rate of 93 percent among the population, it’s no wonder that ecommerce has firmly established itself in South Korea. Consumer goods prices are about 22.3% A significant trend in Korea is the convergence of online retailing with other platforms.

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How Coronavirus (COVID-19) Is Impacting Ecommerce [March 2021]

ROI Revolution

73% of consumers using D2C ecommerce over the course of COVID-19 plan to continue post-pandemic ( McKinsey ). US online grocery sales surged 54% to reach $95.8 in 2019 ( eMarketer ). With consumers more concerned about their discretionary spending, the online resale apparel market is projected to double by 2024 ( Statista ).

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How Coronavirus (COVID-19) Is Impacting Ecommerce [August 2021]

ROI Revolution

Last month marked the ninth month in a row of total retail sales growth as the world recovers from a pandemic that led to total retail sales declining 10.5% Total retail sales were up 11% year-over-year this June, a 10.4% increase over 2019. In June 2021, ecommerce was up 95% over June 2019. billion in 2019.

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How Coronavirus (COVID-19) Is Impacting Ecommerce [December 2021]

ROI Revolution

In fact, online sales have reached $109 billion so far – a significant increase from the $90 billion we were at this time last year. Retail sales as a whole still saw significant yearly growth on Black Friday according to data from Mastercard SpendingPulse. US retail ecommerce revenue was just $285.9 million last year.

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How Coronavirus (COVID-19) Is Impacting Ecommerce [July 2021]

ROI Revolution

After surging nearly 34% in 2020 due to the pandemic, ecommerce retail sales are expected to grow a more modest 13.7% Total retail sales will reach a record $5.86 Retail sales will remain steady at around 3.5% Retail sales will remain steady at around 3.5% yearly growth, with ecommerce at 13% and total retail at 3.4%.

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How Coronavirus (COVID-19) Is Impacting Ecommerce [June 2021]

ROI Revolution

Mobile retail commerce sales grew 31.5% By 2022, mobile retail revenue will pass $432 billion, a 25.1% Mobile revenue saw its most significant growth in 2020 in light of the pandemic and consumers spending more time shopping on their phones. In 2019, spend was just $55.9 COVID-19 brings increased consumer openmindedness.

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