CartKnitter’s Post

The achievement of $271.7 billion in U.S. retail eCommerce sales in Q3 2023 underscores the robust and growing influence of online shopping in the retail sector. This significant figure highlights the continuing shift in consumer purchasing behaviors towards digital platforms, driven by the convenience, variety, and often competitive pricing offered by eCommerce. For businesses, this trend emphasizes the critical importance of having a strong online presence, optimizing eCommerce strategies, and ensuring a seamless customer experience to capitalize on this expanding market. The data reflects the vital role eCommerce plays in the U.S. economy and the need for retailers to adapt and innovate in this dynamic digital environment. #EcommerceGrowth #RetailTrends #DigitalEconomy #OnlineShopping #BusinessStrategy

In 2024, the U.S. eCommerce market is poised to capture 16.6% of the global share, reaching nearly $1.3 trillion in sales. This significant growth underscores the increasing dominance of online shopping and the evolving consumer landscape. Businesses should leverage this trend to enhance their digital strategies and capitalize on the expanding market opportunities. #eCommerce #USMarket #OnlineShopping #DigitalSales #MarketGrowth #RetailTrends

Q4 2023 #ecommerce sales in the US grew at its slowest Q4 rates to date, according to this Digital Commerce 360 analysis of U.S. Department of Commerce data. 👉 In Q4 2023, U.S. ecommerce sales accounted for 23.5% of total retail sales. (excl food and auto) 👉 Q4 ecommerce growth remained effectively flat compared to year ago levels. 👉 Q4 2023 marks the slowest Q4 ecommerce sales growth in the U.S. since 2008 at the peak of the Great Recession. 👉 Including all retail and food-service sales, U.S. ecommerce accounted for 15.6% of total sales in Q4. Of course, the statutory warning with these charts is about the definition of "ecommerce sales" which typically only takes into account sales that originated through an ecommerce channel and not where that demand was fulfilled nor where it was generated. Also important not to jump on the bandwagon that ecommerce is in decline, as it continues to experience growth at rates higher than the broader industry. None the less, retailers who overestimate the impact of #digital or physical in their operations do so at their own peril.  Link in comments. #retailing #commerce #onlineshopping #stores #consumerbehavior #unifiedcommerce

𝐌𝐚𝐬𝐭𝐞𝐫 𝐘𝐨𝐮𝐫 𝐇𝐨𝐥𝐢𝐝𝐚𝐲 𝐄𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲: 𝐀𝐯𝐨𝐢𝐝 𝐂𝐨𝐦𝐦𝐨𝐧 𝐏𝐢𝐭𝐟𝐚𝐥𝐥𝐬 𝐚𝐧𝐝 𝐓𝐡𝐫𝐢𝐯𝐞 𝐓𝐡𝐢𝐬 𝐒𝐞𝐚𝐬𝐨𝐧 In 2024, global ecommerce sales are expected to exceed $6 trillion, marking an 8.4% rise from last year. This holiday season, shoppers plan to spend more, setting new records. 𝐑𝐞𝐚𝐝 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐀𝐫𝐭𝐢𝐜𝐥𝐞: https://lnkd.in/dYJngJJV #Ecommercebudget #Ecommerceconversion #ecommercemarketing #eCommercesales #EcommerceStrategy #marketingstrategies #martech360 #ROImeasurement

June #Retail sales data is in – how did #eCommerce perform in the U.S. last month? 🛒📊 ➡️ Online and other non-store retailers saw a 1.78% increase month over month, more than any other category. YoY, online sales increased 23%! 😮 It may not seem like much, but with most categories decreasing MoM, this growth reveals the resilience of the eCommerce sector. 💪 Offering convenience, personalized experiences and great deals, online retailers prove their ability to entice shoppers even in uncertain economic times. 💡: National Retail Federation, https://hubs.la/Q02GY11t0 #OnlineRetailSales #eCommerceSales #eCommerceGrowth

U.S. ecommerce grew 7.6% in 2023 and total sales grew 3.8%. That’s a sharp contrast from the pandemic-induced U.S. ecommerce boom, which led online sales to grow at a rate of 42.8% over 2019, whereas total retail sales in 2020 grew 7.8%. https://bit.ly/4a9NrKr #ecommerce #onlineretail #analytics #ecommercesales #onlinesales

A remarkable 88% of surveyed brands anticipate a surge in online sales, reflecting the rapid shift towards digital shopping. In contrast, only 71% expect in-store sales to rise, indicating a growing reliance on e-commerce platforms. This trend underscores the importance for brands to invest in their online presence and enhance the customer experience in the digital landscape as consumer preferences continue to evolve. Our latest Consumer Insights Outlook Report explores the evolving retail landscape, where online and offline worlds converge. For a closer look into these trends, download our report here: https://lnkd.in/g66fBU_H

E-commerce growth is decelerating more than anticipated, prompting brands to reassess their strategies in response to shifting consumer behavior and economic pressures. After a surge during the pandemic, online sales are now stabilizing, with many companies reporting slower growth rates. Factors contributing to this slowdown include inflation, changing consumer spending habits, and increased competition in the digital marketplace. Brands are urged to adapt by enhancing their online presence, optimizing supply chains, and focusing on customer engagement to retain loyalty. As the e-commerce landscape evolves, companies must be prepared to innovate and adjust their approaches to meet the demands of a more discerning consumer base, ensuring they remain competitive in a challenging environment. #Ecommerce #EcommerceGrowth #OnlineShopping #ConsumerBehavior #DigitalMarketing #RetailTrends #BrandStrategy #MarketAdaptation #SupplyChain #CustomerEngagement #EconomicTrends #PostPandemic #EcommerceChallenges #BusinessInnovation #ConsumerTrust #RetailStrategy #EcommerceNews #ShoppingTrends #BrandLoyalty #MarketCompetition

Retail eCommerce Market Size, Share, Growth Report 2030 The global retail eCommerce market is expected to grow at a CAGR of 11.6% from 2024 to 2030. This growth is driven by increasing online shopping habits and the rise of mobile commerce. The market was estimated at USD 5,858.04 billion in 2023. As eCommerce continues to shape the retail industry, businesses must adapt to stay ahead of the competition. Stay ahead of the curve with Purple Cow Services. Our expert team can help you develop a winning eCommerce strategy. Website: www.purplecowservices.com eMail ID: info@purplecowservices.com Mobile: +1 (914) 977 5459 #MUB #PCIS #PurpleCowServices #PurpleCow #eCommerce #DigitalMarketing #Retail #MarketGrowth #BusinessStrategy #OnlineShopping #MobileCommerce