Remove 2030 Remove Customer Remove Online Retail Remove Recommendation
article thumbnail

With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

As a result, the luxury market’s base expanded to approximately 400 million consumers in 2022 and is expected to reach 500 million by 2030, Bain & Company revealed — and the expansion goes far beyond the aspirational promise. For example, Tiffany sold out its 250 NFTiffs, with each NFT selling for approximately $50,000.

Payments 284
article thumbnail

7 Brands Discuss the Benefits of the New Cashless Economy and Apple Pay’s Growing Ubiquity

BigCommerce

Adii Pienaar, Founder of Conversio and WooThemes (later acquired by WooCommerce), sums this up best: Customers worldwide are using their mobile devices for online shopping more often. Depending on who you want to believe, it’s estimated that since late-2014 more than 50% of all online purchases are made from mobile devices.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

eCommerce and Cryptocurrency: Helping SMBs Navigate a Changing Payment Landscape

Korona

between 2021 and 2030. The use of cryptocurrencies for online shopping has shown parallel expansion. Even for small online retailers, it’s important that you’re not too late to the game. This reason alone is enough incentive for online retailers to make the switch to accepting cryptocurrencies.

article thumbnail

Don’t Shop Around on Sustainability: Carbon Labels Deliver the Goods

Retail TouchPoints

To get the original goal back on track, carbon dioxide emissions will need to be cut by 45% by 2030 and to net-zero by mid-century. Retailers and CPG brands large and small have a pivotal opportunity to shrink their carbon footprint and share sustainability strategies with customers.

article thumbnail

15 ecommerce statistics every entrepreneur must know

Omnisend

With the right ecommerce platform and smart email marketing strategy , you can reach a large audience of potential customers and make a significant amount of sales. Finally, it’s expected that ecommerce will make up 25% of total global retail sales by 2026, up from 19% last year. What does this mean for ecommerce retailers?

article thumbnail

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

ROI Revolution

Last year, low prices and the ability to purchase online were the top concerns for customers. Rising costs are making it even more difficult for businesses to get their products delivered to stores and customers alike. Additionally, customers leave far more reviews beginning in November and through the new year.

eCommerce 148
article thumbnail

How Coronavirus (COVID-19) Is Impacting Ecommerce [January 2022]

ROI Revolution

of all retail sales. That means total retail sales growth will amount to 2.5% The COVID-19 pandemic has sparked a true customer transition to digital. Omnichannel will also continue to be key as consumers increasingly rely on a blend of online and offline shopping experiences. Ecommerce sales are projected to grow 15.9%