Top 2024 resources on saw
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2020 Holiday Sales Wrap-up
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Challenged by a pandemic and an unstable economy, online and brick-and-mortar retailers scrambled to salvage the 2020 holiday shopping season. Most merchants started offering discounts much earlier than in previous years to accommodate the changed shopping dynamics. This is my third consecutive holiday sales wrap-up, following installments in 2018 and 2019.
Topics: retailers, billion, online, revenue, sales, season, wrapup, increase, holiday, saw. -
2022 Marketing Benchmarks: Web Traffic and Conversion Trends for 150,000 Businesses
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In 2022, the marketing world continued to evolve.
Topics: saw, traffic, conversion, web, emails, benchmarks, open, marketers, businesses, marketing, email, rates, likely, trends. -
AO’s revenue up 62% to €1.91 billion
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Online electrical retailer AO has reported a strong year of growth. In the year to 31 March, the UK company saw its revenue increase by 62 percent to 1.66 billion pounds (1.91 billion euros). AO also attracted over 2 million new customers in the year. Sales on the UK website… Continue reading
Topics: ao, german, quarter, saw, growth, million, website, roberts, billion, aos, revenue, uk. -
After Recent Improvement, Deal Pipelines Shaky Last Week
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For the last few months, businesses around the world have had to rapidly adapt to the impact of COVID-19.
In a time where it seems like things change every day, it can be difficult to gauge whether the challenges your business is facing are widespread.
Topics: shaky, improvement, deal, industries, saw, levels, weekoverweek, weeks, volume, sales, week, business, pipelines, recent, precovid. -
Alibaba’s second-quarter revenue rises 54 per cent
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Alibaba’s second-quarter revenue grew 54 per cent year on year, reaching RMB 85.1 billion ($US12.3 billion).
Topics: online, yearonyear, secondquarter, group, revenue, alibabas, rmb, saw, stores, billion, cent, rises, quarter. -
Amazon up 7% following earnings beat
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Amazon reported first-quarter earnings after the bell on Thursday, sending shares up 7 percent in after-hours trading after its significantly better-than-expected report. The company reported earnings per share of $3.27, well above the $1.26 that analysts had been expecting. This worked out to $1.6 billion in net income, up from $724 million last year. Revenue […]
Topics: earnings, came, saw, beat, amazon, company, shares, reported, following, growth, revenue, amazons, billion. -
Are Companies Seeing Summer Slumps in 2021? We Analyzed 103,000 Businesses to Find Out
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Until recently, many of us have been doing almost everything from home with no immediate hopes of in-person outings.
Topics: deal, seeing, business, summer, help, work, tools, saw, analyzed, team, companies, slumps, traffic, businesses. -
Are Seasonality & the Economy Impacting Marketers in Q4? [Traffic & Conversion Data from 150K+ Companies]
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This time each year, nature – as well as marketing – slows down as we head into colder seasons.
Topics: services, companies, data, saw, utilities, conversion, impacting, seasonality, yoy, marketers, 150k, seeing, media, marketing, q4, trade, transportation, traffic, economy. -
Boohoo Group’s sales grow 48 percent
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Boohoo Group has had a better year than expected. The online fashion retail group, with brands Boohoo, BoohooMan, PrettyLittleThing, MissPap and Nasty Gal, saw its revenue increase to 857 million pounds (962 million euros), which means an increase of 48 percent. Expectations are that Boohoo will pass the billion pounds… Continue reading
Topics: group, saw, increased, sales, million, growth, boohoo, revenue, nasty, groups, increase, grow. -
Boohoo sees revenue increase by 44%
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Online fashion retailer Boohoo saw its revenue increase by 44 percent to over 1.4 billion euros last year. There was strong revenue growth across all regions, with international revenue now accounting for 45 percent of the group’s total sales. Last year, the international revenue made up for 43 percent, so… Continue reading
Topics: saw, increase, end, strong, growth, million, revenue, boohoo, sales, sees, euros. -
DishDivvy serves up marketplace for on-demand, home-cooked food
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Etsy was the inspiration for DishDivvy’s marketplace, which aims to reduce the additional overhead costs for its home cooks.
Topics: marketplace, restaurant, dishdivvy, california, serves, cooks, homecooked, torosyan, team, techcrunch, food, cook, saw, added, ondemand, tools. -
From bootstrapped to a $2.1B valuation, ReCharge raises $227M for subscription management platform
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ReCharge, a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 billion valuation. Summit Partners, ICONIQ Growth and Bain Capital Ventures provided the capital. Notably, Santa Monica, California-based ReCharge was bootstrapped for several years before raising $50 million in a […]
Topics: customers, growth, techcrunch, oconnor, million, management, raises, subscriptions, valuation, platform, bootstrapped, saw, 21b, subscription, products, 227m, ecommerce, recharge. -
Grocery delivery apps see record downloads amid coronavirus outbreak
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As the COVID-19 pandemic spreads across the U.S., grocery delivery apps have begun seeing record numbers of daily downloads, according to new data from app store intelligence firm Apptopia. On Sunday, online grocery apps, including Instacart, Walmart Grocery and Shipt, hit yet another new record for daily downloads for their respective apps, the firm says. […]
Topics: outbreak, grocery, saw, consumers, amazon, amid, delivery, instacart, downloads, app, daily, apps, record, techcrunch, coronavirus. -
Hims, the telehealth startup, saw its shares slip in their trading debut — and that’s fine with its CEO
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Hims & Hers, a San Francisco-based telehealth startup that sells sexual wellness and other health products and services to millennials, began trading publicly today on the NYSE after completing a reverse merger with the blank-check company Oaktree Acquisition Corp. Its shares slipped a bit, ending the day down 5% from where they started, but the […]
Topics: million, saw, techcrunch, slip, hims, company, offerings, fine, business, weve, quarter, telehealth, oaktree, spac, startup, traditional, thats, trading, shares. -
How E.l.f. Saw A 49% Increase in Sales by Focusing On Gen Z
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Welcome to HubSpot Marketing News! Tap in for campaign deep dives, the latest marketing industry news, and tried-and-true insights from HubSpot’s media team.
Topics: primer, elf, saw, increase, makeup, popular, focusing, product, marketing, beauty, products, gen, sales, z. -
How Marketers are Navigating Q4: Traffic, Lead & Email Data from 150K+ Brands
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If you're a marketer, it's likely been a very – odd – Q4!
Topics: data, brands, mom, saw, q4, marketing, marketers, lead, industries, traffic, hospitality, yoy, construction, 150k, leisure, email, navigating. -
Increased fraud in online fashion
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The growing ecommerce has led to a rise in most types of fraud, online fashion retailers claim. One in three have experienced more online payment fraud, while 44 percent have experiences a rise in account takeover and promotion abuse. The coronavirus outbreak has led to a boost in ecommerce. But… Continue reading
Topics: fashion, online, ravelin, led, fraud, saw, retailers, increased, ecommerce, increase, rise. -
India’s online grocers will thrive post-Covid-19, says analyst
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India’s online grocers face a bright future following the Covid-19 lockdown, according to analysis by industry research firm GlobalData.
Topics: postcovid19, thrive, staff, analyst, million, rapid, online, delivery, indias, grocers, lockdown, retailers, saw, territory, operational. -
Instagram Launches DM-Based Shopping Tools For Businesses: Why We Saw It Coming [New Data]
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Remember when social media was all about keeping up with your friends and family?
Topics: dmbased, instagram, social, data, media, launches, saw, past, businesses, coming, marketers, shopping, survey, products, users, tools. -
JD reveals how Chinese are shopping during the coronavirus outbreak
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Chinese online retail giant JD has released figures detailing Chinese spending habits during the current coronavirus outbreak.
Topics: shopping, food, period, outbreak, increased, cent, saw, reveals, sales, coronavirus, chinese, products, jd, rice, times. -
JD.com shares take off despite slowing revenue growth
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Shares of JD.com, the Chinese e-commerce service that rivals Alibaba, are on the rise today after the online retailer announced better than expected results for Q4 2018, bucking uncertainty around tech companies in China. The company reported net revenue of RMB 134.8 billion ($219.6 billion) for the final quarter of last year. Despite representing the […]
Topics: quarterly, million, revenue, slowing, growth, tech, saw, rise, shares, despite, jdcom, rmb, net, billion. -
Large retailers saw 64% increase in sales on Monday, thanks to Amazon Prime Day
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It’s no longer a winner-take-all scenario for Amazon Prime Day — in fact, that hasn’t been true for years. As soon as other large retailers realized they could piggyback on Amazon’s annual sales event to boost their own revenues from counter-sales, they’ve been doing just that. According to new data from Adobe Analytics out this […]
Topics: saw, increase, ecommerce, day, amazon, prime, smart, annual, techcrunch, sales, thanks, large, revenue, retailers. -
Largest German online retailers lose revenue
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The growth of German online spending has come to an end. In the past calendar year, the combined revenue of the top thousand online retailers in Germany was lower than the previous year. There were revenue losses particularly high on the list.This is evident in ‘E-Commerce-Market Germany 2023’, a study…
Topics: lose, largest, online, german, stores, trend, significant, thousand, retailers, saturn, saw, steepest, revenue, germany. -
Lessons we learned from the last week of fintech earnings
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Let’s examine a series of winning fintech results from BNPL, consumer finance, proptech and corporate finance before turning to fintech's earnings misses from Q3 2021.
Topics: startups, public, techcrunch, saw, quarter, investors, results, week, companies, strong, private, lessons, earnings, fintech, learned. -
Mid-Day Squares adds some sweet capital to its ‘chocolate gone crazy’ empire
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Mid-Day Squares has had an interesting journey to where it is today, including an idea founded in a kitchen, an acquisition from a chocolate giant and a music video rebuttal.
Topics: sweet, gone, capital, lezlie, adds, midday, company, empire, million, product, crazy, flavor, karls, saw, techcrunch, squares, chocolate. -
Nuvemshop, LatAm’s answer to Shopify, raises $90M in Accel-led Series D
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The COVID-19 pandemic has led to people everywhere shopping more online, and Latin America is no exception. São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and merchants to connect more directly with their consumers. With more people in Latin America getting used to making purchases digitally, the company has experienced […]
Topics: sosa, d, accelled, platform, saw, 90m, latin, nuvemshops, raises, series, shopify, merchants, company, answer, latams, nuvemshop, america, techcrunch. -
Otto Group: coronavirus has lowered the return rate
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The corona crisis has led to a surge in online shopping, but consumers aren’t returning more. That’s what the Otto Group has noticed. It doesn’t have a simple answer to why this is the case, and whether a general trend reversal can be derived from this. People have ordered more,… Continue reading
Topics: saw, return, rate, shopping, otto, lowered, percentage, lower, group, purchases, online, coronavirus. -
Otto Group’s online revenues increase to €7.8 billion
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Ecommerce shows to be an increasingly important part of the Otto Group’s business. The company saw its online revenues worldwide increase grow 10.9 percent to 7.8 billion euros. In Germany, the online business of the Otto Group generated revenues of over 5.4 billion euros, an increase of 10.2 percent. Growth Continue reading
Topics: billion, otto, increase, company, online, groups, saw, revenues, euros, growth. -
PostNord saw B2C volumes increase by 10% in 2019
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Ecommerce continues to drive growth for PostNord. The Swedish logistics group delivered just over 50 million parcels in the fourth quarter of 2019. And for the full year, B2C volumes increased by 10 percent compared to the year before. PostNord published its year-end report for 2019, revealing how the company… Continue reading
Topics: webinar, postnord, company, parcels, million, volumes, increase, b2c, saw. -
Shoptalk 2022 Recap: What We Heard and Saw in Vegas
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Shoptalk was back in 2022, a four-day event that's has been dubbed the 'biggest retail conference of the year.' Considering the years we all spent in various states of separation, getting back to in-person events was a welcome change of pace.
It was full of long-overdue meetings between old friends and colleagues in the industry, a chance to make new connections, and be inspired by the passion, dedication, and ingenuity of the players in the industry.
Elastic Path was in the thick of it, even taking over the Vegas strip.
On the show floor, we enjoyed hosting some fireside chats with our fabulous customers Serena & Lily, Pella, and Deckers Brands at our booth.
Our customer Serena & Lily shared some of what they are looking to accomplish in creating new customer experiences online.
“Part of the fun of design and our brand is putting together a room that feels very you. We want our website to replicate the experience in our design shops, where design advisors help customers through the design process. We don’t currently have that online, so we want to create experiences that allow for that. That is a future goal for us.” Check out the full live stream here
or see how Pella is looking at establish a new direct to consumer model. “As the consumer expectation is shifting and digital is becoming more influential on how a customer learns about our products and ultimately configures and purchases, we want to be on the forefront of that by being one of the first national windows & doors distributors to have that presence and own that space online."
Keep an eye out for a few others coming soon. Beyond sharing the stories of our customers, we met and heard from a variety of brands, partners, and thought leaders in the commerce space. This post will run through some key takeaways and predictions about the future of retail that were making waves at Shoptalk 2022.
What We Heard on The Show Floor
The excitement on the show floor was palpable. Brands shared their challenges and latest wins, vendors demoed their latest technology, and industry experts predicted the future. Let's dive into a few common themes we heard:
Composable Commerce is Here
The first was that the Composable Commerce Movement is now firmly established and is here to stay. Brands have recognized the benefits of this approach by leveraging best-of-breed solutions to quickly launch and optimize brand-centric experiences. Learn more about the Composable Commerce Movement here.
It is no longer a question of when it will take over as the de-facto commerce approach. Instead, some of the brands still on older monolithic architecture (all-in-one solutions) were trying to get to grips with how they could break free of the restrictions and innovate with new experiences that their customers have come to expect.
Partner-First For Commerce Success
The second theme was best-of-breed partners critical to a successful Composable Commerce approach to deliver innovative experiences. These partnerships were heavily represented in two ways, first from the presence of some of our partners like Vue Storefront, Bloomreach, and Amplience championing a headless Composable Commerce approach by showcasing the experiences they were instrumental in delivering.
Along with Elastic Path, we work with our partners are crucial in powering a complete solution, like our new Pre-Composed Solution™ to deliver best-of-breed merchandising & commerce experience management.
And secondly, exciting development backing a Composable Commerce approach was seeing the litany of new technology providers that fill essential gaps in existing commerce technology stacks.
From AI vision powered solutions to create product data to live streaming partners that will be a crucial new channel in the coming years for retail brands to deliver their messages and products in a seamless and frictionless way. I would be remiss not to mention the buzz around the possibilities the Metaverse offers.
Though exciting, the consensus was that it was one for the three to five-year vision. Some brands like Forever 21 & Pacsun are already experimenting with NFTs for the Metaverse. Watch this space to see how the strategies shake out and where retail is headed in the Metaverse.
Brands Are Outgrowing Monolithic Solutions
A third theme was hearing from numerous brands that they struggle with their existing commerce platforms like Salesforce Commerce Cloud. To highlight three common complaints:
1. Brands are suffering from complicated catalog management due to the restrictive design of these traditional solutions. If this sounds familiar, learn how Catalog Composer can help alleviate those ailments with a faster, easier, and infinitely more flexible solution to a core commerce capability.
2. Another common complaint from brands on traditional commerce platforms was the fear of re-platforming. We often heard, "we just re-platformed; we're not ready to do it all over again yet." Thankfully, the answer is it's easier than ever to get started on a Composable Commerce journey.
You can replace the pieces causing the most headaches first and follow that up with others at your own pace. We like to call this approach "progressive re-platforming," a solution to start using highly extensible modern technology so your brand can be ready for the rapid and seismic changes the retail space will see soon.
3. The third common complaint we heard was around speed. This problem is twofold, first is the speed of adoption of new channels and experiences. Slow innovation and adoption on traditional monolithic platforms apply to both established cases (like venturing into the B2B space, new geographies, etc.) and innovation with new channels like live-streaming and eventually even into the Metaverse.
With a Composable Approach, adopting these new channels is significantly more accessible since new integrations can be delivered in weeks rather than running a complicated months-long project on a monolith.
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The second aspect of the speed complaints is overall site speed. In traditional monolithic architecture, there are limits on the results from site speed optimizations that developers can hope to achieve. The limiting factor is often the monolithic architecture in itself. Fortunately, these performance limits do not exist with a Composable Commerce approach's decoupled architecture. To learn more about how site speed can impact your brand, check out our blog.
Key Predictions About The Future Of Commerce
Beyond the chatter on the floor, there were more general points of discussion on the future of retail.
1) Stores Are Back!
With much of the world emerging from the pandemic, brick-and-mortar stores are beginning to regain prominence. Some brands like Warby Parker, which started as an online-only glasses shop, now is seeing the positive impact of having physical stores. However, where these stores are delivering value is removed from traditional values like location and access to customers.
An interesting theme emerged around the "influencer potential" that people in-store could have. By having store associates be a touchpoint to build the voice and identity of a brand, they can be an instrumental part of telling a brand’s story. Particularly as brand authenticity continues to gain momentum as a central pillar in positioning strategy as it resonates well with today's customers as gen Z becomes a more active part of the overall retail picture.
2) New Customers = New Expectations.
Beyond the usual tropes of customers who "want it now," an exciting theme developed around delivering context-relevant solutions—for example, someone looking for a summer dress during the peaks of winter. A search like this signals the current mindset of that buyer. They are looking forward to the near future.
Tomorrow's customers expect a buying journey that is relevant to that context and introduces complexity and nuance to strategies brands can adopt to provide such a buyer journey. Whether this spans multiple channels and touches, a Composable Commerce approach is well suited to solve for such complexity by empowering brands to incorporate best-of-breed personalization and content management system (CMS) vendors into their composed solution.
3) Customer Loyalty is Evolving.
"Personalization is the new loyalty" was a phrase repeated in multiple sessions. What does that mean? Like the context-relevant buyer journey, providing a frictionless shopping experience relevant to an individual shopper is going to be a vital part of building customer loyalty.
As customer expectations evolve, two points: personal relevance and brand authenticity, will be the key drivers of loyalty. As with most hot button issues in the commerce world, plenty of vendors offer personalization solutions that can be incorporated into your brand's Composable Commerce solution.
4) Investors are Focusing on Profits Again.
This new focus will be crucial to the success of any retail brand in the future. It is a significant shift away from recent years, where customer adoption was the main focus, and the high 'burn rates' fuel those adoption numbers being a side note.
With profitability coming to the forefront, ensuring that your costs are manageable from an eCommerce perspective will be vital as brands endeavor to deliver customer-centric experiences into the future. Check out our Total Cost of Ownership guide to learn more about using a Composable Commerce approach can help reduce costs compared to traditional monolithic platforms.
Shoptalk was an exciting return to in-person events, packed with enthusiasm and innovative ideas. Is your brand ready for the future of retail?
Chat with us today to see how we can help your brand or see how our Pre-Composed Solutions™ can kick-start your Composable Commerce journey.
Topics: retail, brands, commerce, recap, approach, experiences, future, customers, customer, brand, shoptalk, saw, composable, heard, vegas. -
Skydropx taps new funding to expand logistics automation across Latin America
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The company is now profitable and grew over 300% in revenue last year. It now serves over 50,000 customers and makes more than 1.5 million deliveries a month.
Topics: fulfillment, skydropx, taps, funding, ecommerce, customers, automation, saw, delivery, company, logistics, expand, america, latin, zambrano, techcrunch, shipping. -
South Korean retail sales surged during 10-day Japanese Golden Week
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The unprecedented extension of the Japanese Golden Week holiday to 10 days has seen a surge in tourists visiting South Korea.
Topics: week, surged, cent, sales, 10day, korean, golden, south, saw, retail, japanese, free, duty, yeartourism, holiday, period. -
This Banana Chip Company Saw Early Online Success, But Soon Realized Its Branding Wasn't Ready for Retail
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Bubba's Fine Foods originally sported a bearded man on its packaging, but have since switched to a more appealing monkey in a fedora.
Topics: soon, products, brand, company, schmidgall, used, online, fine, ready, success, branding, early, realized, bubbas, snack, retail, wasnt, saw, thats. -
US e-commerce sales jump 49% in April, led by online grocery
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Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March before shelter-in-place restrictions went into effect. Online grocery helped drive the increase in sales, […]
Topics: covid19, consumers, increase, sales, saw, prices, report, growth, ecommerce, online, led, jump, techcrunch, electronics, grocery. -
US shopping app downloads on Black Friday reached a record 2.8M installs
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Many U.S. consumers spent this year’s Black Friday sales event shopping from home on mobile devices. That led to first-time installs of mobile shopping apps in the U.S. to break a new record for single-day installs on Black Friday 2020, according to a report from Sensor Tower. The firm estimates that U.S. consumers downloaded approximately […]
Topics: techcrunch, shopping, mobile, 28m, installs, record, black, downloads, sales, saw, retailers, app, consumers, reached, apps. -
Walmart Grocery app sees record downloads amid COVID-19, surpasses Amazon by 20%
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Record demand for online grocery shopping amid the COVID-19 pandemic has sent the apps for grocery pickup and delivery services up the charts. Walmart Grocery, as a result, has now hit an all-time high in downloads — grabbing the No. 1 ranking position across all Shopping apps in the U.S. on April 5, 2020, and […]
Topics: grocery, walmarts, demand, surpasses, sees, online, covid19, downloads, record, shopping, walmart, saw, techcrunch, app, amid. -
Will Returning to the Office Kill the Loungewear Craze?
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The pandemic saw an explosion in loungewear purchases, but how can brands adapt now that customers are returning to the office?More
Topics: office, craze, sweatpants, loungewear, comfort, work, thats, returning, pandemic, really, kill, think, saw. -
‘Ecommerce is lifeline for physical retail’
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Ecommerce has become a lifeline for many physical retailers in Europe that had to close their doors during the lockdowns. Now these brick-and-mortar businesses can continue their activities during the lockdown. With a second lockdown hitting many countries in Europe at the end of 2020, Ecommerce Europe conducted a new… Continue reading
Topics: regarding, physical, lockdown, europe, sales, yes, ecommerce, lifeline, brickandmortar, saw, survey, retail. -
‘Revenge spending’ fuels luxury goods rebound
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Revenge spending has been credited with a significant upturn in sales of high-priced retail goods in South Korea, which has emerged from lockdown.
Topics: online, goods, rebound, brands, luxury, spending, cent, fuels, korea, revenge, south, sales, saw, industry, brand.