eMarketer reports China will become the largest e-commerce market in the world by the end of 2016, reaching $899.09 billion or 47% of all online sales. Online sales will hit $2.416 trillion in 2020 and mobile will account for 55.5% of all ecommerce sales in 2016 and reach 68% by 2020.
Cashback News – Aug 29: Innovators: Which US retailers are winning with artificial and virtual reality for customer impact?
Here's a collection of innovative retailers using augmented and virtual reality technologies in showrooms, changing rooms, for in-store entertainment, product information, sales, on mobile apps, Pokémon Go strategies and much more. Impressive!
Why are we interested in artificial/virtual reality at Cashback Industry News? Because AR/VR is already here! E-commerce and retail innovators are exploring the technology for captivating product and sales presentations, product showrooms, fashion changing rooms, stronger consumer engagement and interactive storytelling.
we've got a roundup of the latest global mobile news, insights and trends to keep you up-to-date on who's winning in m-commerce. Mobile is growing at double the rate of e-commerce and traditional e-commerce leaders are falling behind more savvy m-commerce innovators according to a report in Internet Retailer. A Hitwise research study shows more than 56% of top retail store searches now happen on mobile.
Retailers struggled to grow in-store revenue but e-commerce shone brightly for many US retailers, up 16% in Q2 2016 according to the US Department of Commerce.
The Indian e-commerce market will reach $38 billion by the end of 2016 up 67%, and it's poised to grow exponentially!
Retailers are trying hard to catch up with consumer demand for products in-store, online, on mobile and other emerging channels. While 90% of US shopping is still done in-store, the value of online, mobile and other channels is increasing quickly. CB ...
Today, we’re looking at e-commerce in the EU. According to Deloitte, 19 of the top 50 global e-commerce companies originate in the EU. That surprising strength and the pace of e-commerce growth in the region combine to make this market an interesting study ...
Store closures are now a fact of business life in retail. Today we look at the US and Canadian stores closing in order to reduce overhead and try to maintain profitability and it's a long and growing list.
Gift cards are still the gift that keeps on giving with 2015 sales of $129.7 billion in the US, up 6.3% from 2014. Consumers now appreciate the flexibility and choices provided by gift cards.