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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

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