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April 20, 2022
On the wires
Nelo Enables Buy Now Pay Later For All Ecommerce Stores In Mexico
Prnewswire
“Nelo , a Buy Now Pay Later (BNPL) product in Mexico, announced that it has launched their all-in-one app. Nelo’s customers can now use Nelo at any online merchant, through a partnership with Mastercard. Nelo’s app is the first of its kind in the region, where customers can shop and pay in installments at their favorite stores like Mercado Libre, Amazon, and Liverpool. This is enabled through a virtual card that Nelo customers generate at checkout. It is now live for 100% of customers.”
May 22, 2020
On the web
Walmart’s U.S. Boss Expects Coronavirus to Alter Shopping Permanently
Wall Street Journal (pay wall)
“When John Furner became chief executive of Walmart Inc.’s WMT -0.53% U.S. operations last year, the biggest challenge was Amazon.com Inc. AMZN -0.40% Now Mr. Furner—who began his career at the company in 1993 as an hourly store worker and most recently led Walmart’s Sam’s Club—is leading the largest business unit at the country’s largest retailer during a global pandemic , working to keep stores open and speed the company’s shift to e-commerce.”
August 28, 2019
On the web
Ron Johnson’s E-commerce Startup Enjoy Raises $150M, Expands in UK
TechCrunch
“Enjoy , the e-commerce startup led by former Apple VP of retail operations, Ron Johnson, has raised an additional $150 million in Series C funding from L Catterton’s new consumer technology platform, LCH Partners. The funds will be used to fuel Enjoy’s U.K. expansion and other international growth. The startup is also today launching a partnership with British mobile network operator EE, which will allow the company to serve over 80% of U.K. households by 2020.”
August 2, 2019
On the wires
Goop, Mastercard, and Next Retail Concepts Upgrade Online Shopping in Canada
Mastercard Newsroom
“For the first time, goop will extend the unique brand experience of the physical goop MRKT Toronto pop-up to digital shoppers in the Canadian market. Powered by Mastercard and Next Retail Concepts and guided by goop, the innovative digital environment will allow shoppers to browse and buy just as if they were in the physical store. Together with partners like Mastercard and Next Retail Concepts, goop is evolving the e-commerce experience to bring the physical store to life in an immersive, digital environment.”
March 11, 2019
On the web
Nigeria’s Gloo.ng Drops Consumer E-commerce, Pivots to E-procurement
TechCrunch
“The Lagos-based venture has called it quits on e-commerce grocery services, shifting to a product that supplies large and medium corporates with everything from desks to toilet paper. Gloopro’s new platform will generate revenues on a monthly fee structure and a percentage on goods delivered, according to Gloopro CEO D.O. Olusanya.”
December 4, 2018
On the web
The end of the beginning
Benedict Evans (Video)
“Close to three quarters of all the adults on earth now have a smartphone, and most of the rest will get one in the next few years. However, the use of this connectivity is still only just beginning. Ecommerce is still only a small fraction of retail spending, and many other areas that will be transformed by software and the internet in the next decade or two have barely been touched. Global retail is perhaps $25 trillion dollars, after all.”
November 27, 2018
Top Post
Amazon’s Cyber Monday was the biggest shopping day in the company’s history
TechCrunch
“Amazon said on Tuesday it just had its biggest shopping day in the company’s history on Cyber Monday (Monday, November 26), based on the number of products sold worldwide. That means the shopping event topped Black Friday and even Amazon’s own sales event known as Prime Day, which this July had become the biggest sales day in Amazon’s history with more than 100 million products sold.”
On the web
Cyber Monday hits $7.9B in online sales, $2.2B spent via smartphones
TechCrunch
“Adobe — which tracks trillions of transactions across the U.S. among major retailers online — says that today will see $7.9 billion in sales online when all is tallied, up 19.7 percent on 2017’s figure of $6.6 billion. Mobile devices accounted for $2.83 billion in sales for the day, another high watermark — neatly 36 percent of all sales, growing the proportion of transactions not on desktop. Smartphones were the majority of that activity. They alone accounted for 27.7 percent of sales, or $2.2 billion.”
November 26, 2018
On the web
Cyber Monday to Test Limits of Retailers’ Websites as Shoppers Scour Deals
Business of Fashion
“Cyber Monday is expected to draw over 75 million shoppers, according to research firm Planalytics. The much-hyped marketing day is expected to be the largest US online shopping day in history, yielding $7.8 billion in sales or 17.6 percent growth over last year, according to Adobe Analytics, which tracks transactions at most of the top US online retailers. But retailers will also face a deluge of online orders, which will task their e-commerce sites. If not backed with the right IT infrastructure the lure will lead to headaches — forcing outages and other technical glitches due to heavy traffic.”
October 15, 2018
On the web
Here’s the hard truth about e-commerce sales in India
Quartz
““The myth that brands indulge in deeper discounting during [the] sales period as compared to [the] non-sales period is not really true,” Ace Turtle, which gathered data across one million products sold by more than 30 fashion brands to over 20,000 postcodes, found.”
September 18, 2018
On the web
Fanatics Revamps Cloud Platform, Addressing the Online Unpredictability of Sports Fandom
Wall Street Journal blog
“For the last several years, Fanatics has been developing a home-grown cloud platform designed to handle the sometimes predictable, sometimes surprising online traffic spikes associated with fans seeking out their favorite team’s merchandise.”
September 6, 2018
On the web
Walmart Changes E-Commerce System
AndNowYouKnow
“Implementing a new system, Walmart’s e-commerce strategy is in for a big change. Online shoppers may find that certain household items they wish to place in their cart will be “out of stock.” These items—considered too far away from a customer’s shipping address—will then be unavailable for purchase. The move stems from the retailer’s attempt to avoid orders with high shipping costs. Prior to this new system, Walmart would ship anything regardless of cost or distance.”
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