Blurred background image

This Week in eCommerce Data: July 17th, 2020

This Week in eCommerce Data: July 17th, 2020

Welcome to the eighth Week in eCommerce Data, where Friday begins with a dose of ecommerce data. This week focuses on fresh ecommerce partnerships that concentrate on high growth in Latin America and India, a big public offering from a cloud-based platform, a slowdown in online sales, and much more.

Weekly insight

Companies — especially big ones — are investing heavily in commerce, the general feeling is that commerce is going to experience faster growth in the following years post-Covid and big platforms, like Salesforce and Amazon, want to be leaders there so they are solidifying their offerings and going all in.

However, there is also a group of companies that are focusing on non-traditional commerce. How do you sell prescriptions? Video content? Can I sell my own dishes on a weekly basis? We have seen a surge of companies developing their own experiences, which is also a niche that is growing.

Regardless if you are a big company or not, it seems that ecommerce is the place to be now and learning a little bit about it may be good for any company.

Key ecommerce data

19% 

the expected growth of ecommerce in Latin America in the next half a decade, compared to the global average of 11%, as the shipping software company Shipstation announces a partnership with the giant Argentine online marketplace MercadoLibre, the largest in South America.

$100 million 

the amount that BigCommerce are aiming to make after filing an initial public offering. The cloud-based ecommerce platform competes with the likes of Shopify and Salesforce Commerce Cloud.

11.3% 

the decrease in online spending from May to June, as online spending begins to taper off. This is despite online sales in June, $73.2 billion, up 76.2% from last year.

$2.03 trillion 

the sales of the world’s leading online marketplaces for 2019. Giants including Alibaba, Amazon, and eBay account for 57% of global online sales.

$1.2 billion 

the amount invested by Walmart in Flipkart, a large ecommerce company based in Bangalore, India, who closely rivals Amazon in one of the world’s largest and fastest-growing economies.

$12.7 million 

the remaining outstanding loan payments of RTW Retailwinds, an omni-channel apparel retail platform for many brands, as it files for bankruptcy, while its ecommerce channels remain open, along with the reopening of 92% of its physical stores.

$3 million 

the amount raised by the livestreaming ecommerce platform Popshop, which blends social media, ecommerce, and entertainment.

 

This Week in eCommerce Data: July 17th, 2020

Related Ideas

If you got value from this article, you may enjoy these other articles, as well. We’re always adding value!

Salesforce Commerce Cloud vs Shopify Showdown: Does SFCC Having A Dev & Staging Environment Matter?
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

Salesforce Commerce Cloud vs Shopify Showdown: Does SFCC Having A Dev & Staging Environment Matter?

Oh! you're building your serious website and everything's running smoothly… you’re using a platform that includes...
States Don’t Spend the Same: How States Compare When it Comes to Online Shopping
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

States Don’t Spend the Same: How States Compare When it Comes to Online Shopping

Which states are spending the most while online shopping, and which are focussing on buying the...
Avoid Contract Blunders with Your eCommerce Tech Consultancy
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

Avoid Contract Blunders with Your eCommerce Tech Consultancy

How can you avoid making some potentially serious mistakes with your next ecommerce tech consultancy? [...]

...

Latest ideas

Our latest thinking about SF Commerce Cloud.

Digital makeover with Salesforce Commerce Cloud
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

Digital makeover with Salesforce Commerce Cloud

Following the digital transformation of e.l.f. via Salesforce Commerce Cloud, they’ve managed to thrive during the lockdown. [...]

Four Festive Forecasts for the Finale of 2020
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

Four Festive Forecasts for the Finale of 2020

Looking into a crystal ball, what can we expect from ecommerce retailers and brands during the holiday season? ...
What is the Cost of Adobe Experience Manager?
  • United Virtualities: We are UV
  • Adobe Experience Manager

What is the Cost of Adobe Experience Manager?

What is the cost of running Adobe Experience Manager? [...]

How can we achieve
awesomeness together?


UV has acquired SFCC & AEM specialist dev shop, Sawyer EffectLearn all about it!
How Do I Choose The Right Salesforce Commerce Cloud Tech Partner? Find out in our free eBook, "The Definitive Guide to Choosing The Right SFCC Tech Partner For You"