India’s e-commerce market set to surpass US$91bn in 2023, says GlobalData

Retail Technology Review

trillion (US$91bn) in 2023, says GlobalData, the data and analytics company. The overall transaction value of the Indian e-commerce market is projected to grow from INR3.4 trillion (US$49bn) in 2019 to INR6.3 Internet Retailing Critical Issues Retail Supply Chain

India’s e-commerce market set to surpass US$91bn in 2023, says GlobalData

Retail Technology Review

trillion (US$91bn) in 2023, says GlobalData, the data and analytics company. The overall transaction value of the Indian e-commerce market is projected to grow from INR3.4 trillion (US$49bn) in 2019 to INR6.3 Internet Retailing Critical Issues Retail Supply Chain

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Bed Bath & Beyond sees same-store gains in low-to-mid single-digits by 2023

RetailWire

Bed Bath & Beyond, which has seen its same-store sales improve during the novel coronavirus, expects its business to stabilize in 2021 and post gains in the low-to-mid single-digit gains by 2023. The retailer also announced plans to launch 10 private label brands over the next year-and-a-half

7 Common B2B Ecommerce Challenges (+ How to Overcome Them)

BigCommerce

By 2023, when U.S. In 2019, only 13% of all B2B sales were generated digitally. B2B online sales are projected… B2B Ecommerce

B2B 342

Global Marketing Automation Spending Will Reach $25 Billion By 2023

Forrester's Customer Insights

In our first Marketing Automation Technology Forecast, 2017 To 2023, we expect global spending on […]. Marketers today are managing more channels, more content, and more data, while delivering vast quantities of personalized content quickly around the globe. As digital marketing complexity increases, more marketers are embracing automation tools to improve efficiency and speed to market.

Smartphone adoption to drive ecommerce activities in Latin America to 2023, says GlobalData

Retail Technology Review

The increasing availability of connected mobile devices such as smartphones and tablets are one of the main growth drivers for ecommerce activities globally. Internet Retailing Critical Issues

Online Retail In Southeast Asia Is Expected To Reach $53 Billion By 2023

Forrester's Customer Insights

Southeast Asia (including Indonesia, Singapore, Malaysia, Thailand, the Philippines, and Vietnam) is home to 574 million people. Of these, 272 million (47%) are online and 144 million will make purchases online in 2018, making the region a magnet for investment by online retailers and venture capital firms. We expect B2C online retail in Southeast Asia […]. B2C ecommerce ecommerce global ecommerce

Sephora to open 850 Kohl's shop-in-shops in break with J.C. Penney

retaildive

By 2023, the beauty retailer will be winding down its partnership with one department store and ramping up its deal with another

The Fraud Management Solutions Market Will Exceed $10 Billion By 2023

Forrester's Customer Insights

Estimates of the cost of fraud vary widely, but almost everyone agrees that the cost is huge and appears to be increasing. Looking just at eCommerce, Forrester predicts that US and Western European eCommerce fraud will reach $18.6 billion in 2018. And in its 2017 True Cost of Fraud report, LexisNexis Risk Solutions estimates that fraud […]. fraud management IT spending forecasts security & risk ForecastView fraud

Hudson slashes workforce in anticipation of second COVID-19 wave

retaildive

Executives at the airport retailer don't expect travel to return to normal until 2023, and are turning to vending machines for sales in North America

Vend 85

Bill to delay business rates revaluation progresses

TalkingRetail

A bill to postpone the next re-evaluation of business rates until 2023 has progressed in the House of Lords. Bill would postpone the date on which the next revaluation of business rates in England and Wales takes effect until 1 April 2023.

72

What are Differences Between Magento and Salesforce B2B Commerce Software?

Fabric Blog

by 2023. The B2B e-commerce sector is evolving rapidly. It is now one of the fastest-growing segments for new and established companies. According to Forrester, B2B e-commerce will reach $1.8 trillion and account for 17% of all B2B sales in the U.S.

How Global Brand Libbey Drives Innovation With CommerceXM | Salsify

Salsify

retail sales by 2023 , including in-store visits. Diverse and rapidly changing, the digital shelf is how shoppers engage with brands online. It consists of multiple touchpoints where consumers discover, research, and purchase products—and is estimated to influence 58% of U.S.

NFRN reacts to National Lottery claims

TalkingRetail

Sir Keith Mills, chairman of Czech company Sazka which is bidding for the fourth National Lottery licence when Camelot’s current 14-year term ends in 2023, told the Financial Times the money raised for good causes has.

63

OnBuy reveals globalisation plans backed by 525 million products

Retail Technology Review

OnBuy’s is about to embark on a worldwide scale-up of its eCommerce platform into over 140 countries by 2023, starting with 40 initial sites by year-end 2020. The company forecasts that this move will drive 50x growth within four years. Internet Retailing Retail Supply Chain

Flora to sponsor London Marathon

TalkingRetail

Flora has become a sponsor of the Virgin Money London Marathon ahead of the virtual event on 4 October, having signed a four-year deal until 2023.

Delay in revaluation of business rates is welcomed by trade organisation

TalkingRetail

The new legislation will delay the updating of business rates in England and Wales until 2023. A trade association has welcomed the passing of a bill which will save retailers money by pushing back the next revaluation of business rates by a year.

65

MPs urge prime minister to back all-in deposit return scheme

TalkingRetail

The government is set to introduce a deposit return scheme covering England, Wales and Northern Ireland in 2023. A 20-strong cross-party group of MPs will today (13 August) call on the prime minister to back an all-in deposit return scheme for drinks containers.

Nisa extends contract with DHL

TalkingRetail

Nisa Retail has signed a contract extension with logistics services provider DHL until 2023 to continue to deliver goods across three temperature regimes to more than 1,400 of its partners. Under the agreement DHL will continue to provide warehousing, transport, facilities and ancillary services for Nisa throughout the UK. The deal will see DHL continue. This story continues at Nisa extends contract with DHL. Or just read more coverage at Talking Retail.

54

Planning for 2021 Requires a New (And Potentially Better) Approach

Kibo

Take advantage of the disruption COVID-19 has created to scrutinize your operations today and plan for 2023 and beyond with big goals that the whole team can rally behind. Instead, brainstorm together what 2023 should look like: What percentage of your business will be online?

Macy’s Plans to Close 45 More Stores in First Half of 2021

Retail Touch

Macy’s will close an additional 45 stores by mid-2021 as part of its previously announced plan to shutter 125 locations by 2023. Liquidation sales have already started at some of the stores, while the rest are scheduled to start later in January.

American Eagle Plans up to 250 Store Closures, Looks to Aerie for Growth

Retail Touch

By 2023, the company aims to have 500 to 600 Aerie stores in operation and expects revenue from this brand to double to $2 billion. billion for 2023, with operating margins expected to expand to 10% in the same timeframe.

Opening Your First E-Commerce Store: Things to Keep in Mind

Prisync

By 2023, this figure is expected to reach $735 billion, representing a nearly 50 percent increase over just five years. In 2018, there was more than $504 billion worth of E-Commerce sales in the United States. The E-Commerce industry is alive and thriving. Naturally, businesses of all stripes are looking to get in on the. E-Commerce Strategy opening an ecommerce store

Introducing Forrester’s First Now Tech On E-Commerce Enablers For Southeast Asia Marketplaces

Forrester's Customer Insights

Forrester forecasted that the 164 million online shoppers in Southeast Asia will account for $53 billion in retail purchases by 2023. Southeast Asia is one of the most promising e-commerce markets in the world.

Digital Media Spend Continues To Outreach Martech Budgets

Forrester's Customer Insights

In our most recent effort, “The US Digital Marketing Forecast, 2018 To 2023,” my forecast analyst colleague, Brandon Verblow, and I found that spend on search marketing, banner and outstream video, instream video, [… Every 18–24 months, I work with our dedicated forecast team to evaluate and size spend on digital marketing in the United States.

Asia Pacific To Drive Global Social Ad Spend In The Next Five Years

Forrester's Customer Insights

billion in 2023, up from $75 billion in 2018 — a CAGR of 17.1%. Forrester expects global social advertising spend to reach $165.6 Asia Pacific and the rest of world will grow fastest, capturing the US and Europe’s share of global social advertising spend. Asia Pacific’s share of global spend will increase from 30% in […]. advertising age of the customer Asia Pacific social marketing social media

It’s Time to Consider Ecommerce Subscriptions for Your Online Business

Zaius

In fact, 75% of businesses that sell direct-to-consumer are expected to offer subscriptions by 2023. Ecommerce subscriptions are on the rise across all verticals, from Health & Beauty to Sports. You’d be surprised to see how many fishing subscription boxes exist!)

Software Implementation: How Wireless Retailers Can Better Serve Business Needs

iQmetrix

billion by 2023, wireless retailers must prepare for the supercharging of the Internet of Things (IoT), the coming of 5G, and keeping up with customer’s increasing demands by continuously evolving their technologies. Supporting the bandwidth of the future, and remaining relevant in a sea of competition can be overwhelming. With the number of connected devices expected to increase from 700 million to 3.2

Industry Deep Dive: CPG + Online Grocery Trends + Stats for 2021

ROI Revolution

Growth is expected to increase even more in 2022 (18.1%) and 2023 (17.0%), though, projected to hit $129.72 billion by 2023. million online grocery buyers in 2023. Published January 29, 2021.

The Three Fs From MWC Barcelona

Forrester's Customer Insights

But practically speaking, 5G won’t be relevant to most consumers and companies until at least 2020, and it will take through 2023 to reach widespread network […]. MWC Barcelona is a wrap. The biggest theme of the event was the breathless anticipation of the benefits of the 5G networks, which are in early deployment this year.

Sephora Plans 260 New Stores for 2021, Including 60 Freestanding Locations

Retail Touch

The retailers plan to expand the concept to at least 850 stores by 2023. Sephora is continuing its move away from malls with the announcement of the largest store expansion in its 21-year history in the U.S.

Wellness Is Not A Nice-To-Have, It’s A Must-Have

Retail TouchPoints

According to a 2019 Market Research Future report, the global Smart Wellness market may reach $520 billion by 2023, at an impressive CAGR of 24.46% from 2017 to 2023. By Allison Ames, Beanstalk As political and social upheaval take place at alarming rates around the world today, one thing is indisputable — these are uncertain times.

IDC FutureScape: Omnichannel Grocery, Supplier Partnerships and AI Acquisitions Will Drive Retail Innovation

Retail Touch

IDC expects grocery to be transformed by consumers’ appetite for omnichannel convenience, projecting that by 2023, 75% of online grocery orders (representing 15% of all grocery sales) will be picked up curbside or in-store.

Athletic Apparel Retailer Boosts AOV 54% With Buy Now, Pay Later Option

Retail Touch

Even before COVID-19 destabilized household budgets for millions of people, the market for buy now/pay later solutions was projected to be on track for a compound annual growth rate (CAGR) of 28% worldwide through 2023, according to PYMTS.com.

FORRward: A Weekly Read For Tech And Marketing Execs

Forrester's Customer Insights

We’re not surprised — our forecast predicts that by 2023, CMOs will spend nearly $150 billion on various digital marketing channels in […]. Having A Digital Ad Strategy Doesn’t Mean You’re Ready For This $100 Billion Market This week, the IAB announced that US digital ad spend topped $100 billion for the first time last year.

Macy’s Returns to Profitability in Q4 Despite Same-Store Sales Dip; Digital Grows 21%

Retail Touch

22 Macy’s announced plans to close 45 stores by mid-2021, according to CNBC , part of a previously announced plan to close 125 locations by 2023.

How 3 Health and Beauty Brands Leverage Data to Personalize the Buyer’s Journey

Zaius

The beauty industry is valued at $532 billion and expected to grow to over $800 billion by 2023. With a rapidly growing market, competition is fiercer than ever. Health and beauty brands need to find a way to compete, and fast. A major part of staying competitive (and candidly, simply keeping up with the times) is effectively leveraging customer data. In today’s world there’s no shortage of data brands have access to from marketing data to merchandising data and more.