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.
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
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.
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.
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.
the sales of the world’s leading online marketplaces for 2019. Giants including Alibaba, Amazon, and eBay account for 57% of global online sales.
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.
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.
the amount raised by the livestreaming ecommerce platform Popshop, which blends social media, ecommerce, and entertainment.