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This Week in eCommerce Data: March 4th, 2022

This Week in eCommerce Data: March 4th, 2022

Welcome to the 86th Week in eCommerce Data, where Friday begins with a dose of ecommerce data. In this week’s roundup, we look at the retail impacts of Russia’s invasion of Ukraine. Plus, other ecommerce news from elsewhere!
 

Key ecommerce data
 

5th largest retail market in Europe

the size of Russia’s retail market as global brands such as IKEA, Nestlé, and H&M halt imports and suspend sales in the country in response to its invasion of Ukraine. 

Feb 24

the day that Coca-Cola HBC shut its facilities in Ukraine, the brand’s major manufacturer for Europe. 

11% growth

of Walmart’s ecommerce during the last fiscal year, as it rolls out tech tool to let shoppers virtually try on clothes via its website and app. 

49% of businesses

face challenges when it comes to verifying the IDs of new customers, with 16% saying it’s their top operational challenge. 

$22 million

Chinese B2B ecommerce platform ICZoom has filed to raise this amount through its initial public offering in the US. 

$556 million

the net ecommerce sales of Abercrombie & Fitch during Q4 of 2021, marking its successful transition as an omnichannel retailer. 

1.7% growth

in retail ecommerce sales in the US in Q4 2021, reaching $218.5 billion. 

$13 billion

the growth in ecommerce sales of Target over the last 2 years. 

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