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What to Expect in Ecommerce From the Recession in 2023 

ROI Revolution

With all the uncertainty at the start of the pandemic, consumers felt apprehensive about spending their discretionary income. This resulted in high amounts of unsold non-essential consumer goods, which meant retailers had too much inventory that wasn’t being purchased. Many businesses were unprofitable during this time.

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

ROI Revolution

With consumers more concerned about their discretionary spending, the online resale apparel market is projected to double by 2024 ( Statista ). 57% of millennials believe their financial situation will improve between now and Summer 2021 ( GlobalWebIndex ). Grocery ecommerce now makes up 12% of all ecommerce sales ( eMarketer ).

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

ROI Revolution

72% of marketers will prioritize improving the quality of their customer data over the next 12 months. By 2024, annual paid ad spend is projected to hit $109.1 It will be nearly double that in 2024. COVID-19 brings increased consumer openmindedness. 65% express the need for more frequent communication with customers.

eCommerce 197
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How Coronavirus (COVID-19) Is Impacting Ecommerce [December 2021]

ROI Revolution

Home décor has also seen massive growth as consumers have been on the lookout for ways to spruce up their living space. The home décor market is expected to be valued at $202 billion by 2024, a 20% increase from 2019. In 2020, consumers spent $115 billion on furniture & bedding, adding up to a modest 0.6% YoY growth.

eCommerce 148
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How Coronavirus (COVID-19) Is Impacting Ecommerce [June 2021]

ROI Revolution

72% of marketers will prioritize improving the quality of their customer data over the next 12 months. By 2024, annual paid ad spend is projected to hit $109.1 It will be nearly double that in 2024. COVID-19 brings increased consumer openmindedness. 65% express the need for more frequent communication with customers.

eCommerce 158
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How Coronavirus (COVID-19) Is Impacting Ecommerce [July 2021]

ROI Revolution

72% of marketers will prioritize improving the quality of their customer data over the next 12 months. By 2024, annual paid ad spend is projected to hit $109.1 It will be nearly double that in 2024. COVID-19 brings increased consumer openmindedness. 65% express the need for more frequent communication with customers.

eCommerce 148
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How Coronavirus (COVID-19) Is Impacting Ecommerce [May 2021]

ROI Revolution

By 2024, annual paid ad spend is projected to hit $109.1 It will be nearly double that in 2024. COVID-19 brings increased consumer openmindedness. The athleisure market now makes up 20% of all apparel sales and is expected to grow by as much as $81 billion from 2020 to 2024. This year’s ad spend is projected to reach $76.5

eCommerce 148