Blurred background image

This Week in eCommerce Data: June 12th, 2020

This Week in eCommerce Data: June 12th, 2020

Welcome to the fourth Week in eCommerce Data, where Friday begins with a dose of ecommerce data. This week dips deeper into cross-border ecommerce, troubling levels of retailer debt, the large sums being spent on fraud protection, and comparisons with US and China ecommerce sales. Here’s what to make of the data.

Weekly Insight

This week we see that the usual trends in ecommerce — less focus on brick and mortar and growth of markets like China — are still valid and are perhaps accelerating due to the fact that Covid-19 brought a lot of attention to commerce, but we also saw hints of things wanting to go back to normal.

One interesting scenario is that we are seeing a bigger change in industries that are not necessarily the fastest growing, for example sportswear and homeware grew a lot compared to other industries. The point here is that if an industry benefits from a version of the world where people stay inside, it’s in a way better shape than others, for example shoe companies. So when looking at leads, clients and forecasts, analyzing things from this lens can be beneficial for planning purposes.

Key eCommerce Data

81 

the year-on-year growth of global ecommerce sales in May, as some sectors saw 3-digit spikes. These included sportswear and sporting goods (216%) and homeware and DIY supplies (190%).

$627 billion 

the projected size of global cross-border ecommerce for 2022, approximately 22% of total global ecommerce sales, and is driven by the growth of a young, metropolitan population who rely heavily on technology.

$710 billion 

the forecasted amount US consumers will spend on ecommerce in 2020, up 18%, which offsets the expected 14% drop in brick-and-mortar retail spending for 2020, estimated at $4 trillion.

41 million 

the number of followers of Taobao’s Foodie Livestream, owned by Chinese giant Alibaba, which has made access free for farmers to sell their products online instead of consigning millions of fresh fruit and veg to the bin.

$123 million 

the amount raised by fraud prevention platform NS8 to combat ecommerce fraud. The huge amount coincides with the expansion of online commerce due to the COVID-19 pandemic.

$2.09 trillion 

the amount that is expected to be spent online in China in 2020. Home to the largest ecommerce market in the world, this will make a 16% year-on-year increase.

3 

the number of new fulfillment centers that Kroger is planning to build to deliver more groceries to more locations. It is partnering with Ocado which will help with its automation and AI capabilities.

$1 billion 

the amount of debt of Tailored Brands, which owns a number of clothing stores including Men’s Wearhouse.

This Week in eCommerce Data: June 12th, 2020

Related Ideas

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

From Lost to Loyal: How to Make the Most of the 404 Error Page
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

From Lost to Loyal: How to Make the Most of the 404 Error Page

Transform your 404 error page into a space to convert a lost user into a loyal...
To SFRA Or Not To SFRA, That Is The Question
  • United Virtualities: We are UV
  • Commerce

To SFRA Or Not To SFRA, That Is The Question

Should you upgrade SFCC to the latest version or not? Here’s our guide on how to...
From the Town Square to Global Mall: Facebook Shops and What it Means for Salesforce Commerce Cloud
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

From the Town Square to Global Mall: Facebook Shops and What it Means for Salesforce Commerce Cloud

What is Facebook Shops and what does it mean for Salesforce Commerce Cloud? [...]

Latest ideas

Our latest thinking about SF Commerce Cloud.

Crowds Gather to Window Shop for eCommerce Platforms
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

Crowds Gather to Window Shop for eCommerce Platforms

Retailers are increasingly taking an interest in ecommerce products, aiming to optimize the most important sales channel [...]

Now it’s Personal: Salesforce Commerce Cloud and Personalization
  • United Virtualities: We are UV
  • Commerce
  • Salesforce Commerce Cloud

Now it’s Personal: Salesforce Commerce Cloud and Personalization

Don’t market with cookie-cutter ads and emails. Make it personal with Salesforce Commerce Cloud. [...]

UV and Lamb Weston: A Mash Made in Heaven
  • United Virtualities: We are UV
  • Adobe Experience Manager
  • Development

UV and Lamb Weston: A Mash Made in Heaven

When one of the world’s largest producers of frozen french fries needed to heat up their 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"