Jasmine McKenzie’s Post

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

I just came across this fascinating chart showing the projected growth of worldwide retail ecommerce sales over the next few years. The numbers are pretty staggering! 📈 In 2021, ecommerce sales totaled $4.9 trillion globally, accounting for about 19% of all retail sales. But by 2027, ecommerce is projected to more than double to $8.1 trillion and make up nearly a quarter of total retail sales worldwide. That's huge! The growth rates are particularly eye-popping in the next couple years, with over 20% year-over-year growth expected in 2023. Of course, a lot of this shift was accelerated by the pandemic forcing more people to shop online. But it seems clear the momentum towards ecommerce is only going to continue building over time. As someone who works with retail brands on their digital strategies, I know firsthand how important it is to invest in your ecommerce capabilities to stay competitive in this rapidly changing landscape. Building a great online shopping experience for your customers is no longer a "nice-to-have" – it's essential! I'm curious to hear what others are seeing in the market – does this data align with the ecommerce growth you're experiencing in your business or industry? How are you adapting your strategies to capture more online sales? Let me know your thoughts in the comments! And if you found this post valuable, please consider giving it a like or share. Let's keep the discussion going! #ecommerce #retail #ecommercegrowth #ecommercesales

Brands and Consumers Flock to Third-Party eCommerce for Economic Resilience Did you know that 99% of retail executives in the U.S., UK, and Germany believe third-party selling is the best model to weather economic volatility? This shift towards third-party eCommerce is a clear indication of its growing importance in the industry. Third-party eCommerce offers brands a way to reach a wider audience, increase sales, and stay competitive in the market. By leveraging the power of third-party platforms, brands can tap into new markets, reduce costs, and improve customer satisfaction. Are you looking to stay ahead of the curve in eCommerce? At Purple Cow Services, we can help you develop a robust eCommerce strategy that meets your business goals. Website: www.purplecowservices.com eMail ID: [email protected] Mobile: +1 (914) 977 5459 #MUB #PCIS #PurpleCowServices #PurpleCow #eCommerce #DigitalMarketing #ThirdPartyCommerce #RetailExecutives #EconomicResilience #BusinessStrategy #Innovation

Exciting new features for Ellis by Woolman in our September 2024 update! As data continues to prove itself as the backbone of scaling commerce, the latest enhancements in Ellis make it easier than ever for Shopify Plus merchants to unlock insights and optimize operations. Highlights include improved RFM segmentation and a quick overview of slow-moving goods, helping to address inventory challenges. From enhanced analytics to smoother integrations, these updates are a game-changer for Shopify Plus brands and retailers looking to elevate their data-driven strategies. See the full list of updates below. #shopify #woolman #data #rfm #inventory #profitability #ecommerce

Brands and Consumers Flock to Third-Party eCommerce for Economic Resilience Did you know that 99% of retail executives in the U.S., UK, and Germany believe third-party selling is the best model to weather economic volatility? This shift towards third-party eCommerce is a clear indication of its growing importance in the industry. Third-party eCommerce offers brands a way to reach a wider audience, increase sales, and stay competitive in the market. By leveraging the power of third-party platforms, brands can tap into new markets, reduce costs, and improve customer satisfaction. Are you looking to stay ahead of the curve in eCommerce? At Purple Cow Services, we can help you develop a robust eCommerce strategy that meets your business goals. Website: www.purplecowservices.com eMail ID: [email protected] Mobile: +1 (914) 977 5459 #MUB #PCIS #PurpleCowServices #PurpleCow #eCommerce #DigitalMarketing #ThirdPartyCommerce #RetailExecutives #EconomicResilience #BusinessStrategy #Innovation

We know that in today’s eCommerce landscape, brands must be willing to adapt to ever evolving consumer journeys. Competition for consumers’ attention and loyalty is fierce and data that can be easily digested to provide oversight into how your product listings compare versus competitors is crucial. A strong digital shelf presence is essential in helping brands to gain deeper insights into the effectiveness of their paths to purchase. Want more details on how you can measure your product performance? Read the full report here: https://lnkd.in/ghydSSwi #eCommerce #OnlineShopping #DigitalShelf #SentimentAnalysis

The state of U.S. Ecommerce by Digital Commerce 360 is here! Discover how the leading online retailers are currently performing and what is expected through 2025. #retail #ecommerce https://ow.ly/4uTI50QNZ14

2025 is just around the corner—and so is the ecommerce revolution. 🌐 Discover the key trends that will define the future of online shopping. 👉 https://buff.ly/3CS9qcS #trends #ecommerce #ValidoAI

The state of U.S. Ecommerce by Digital Commerce 360 is here! Discover how the leading online retailers are currently performing and what is expected through 2025. #retail #ecommerce https://ow.ly/ktEe50QRG0M

🛍️ Did you know? The average cart abandonment rate for online shopping… Exceeds 72% in 2024, according to a recent Baymard Institute Study. With more than 7 out of 10 online baskets ditched before the purchase is completed, this represents a massive challenge to eCommerce operations. How to better understand customer behaviors and get them over the finish line? That’s what eCommerce analytics can help you answer! Discover how in our latest blog: https://lnkd.in/e5jSYYkU #eCommerce #Sales #Retail #DataAnalytics