Klizer’s Post

Global ecommerce sales are projected to hit a new high this year. Check out the stats and growth projections that will come in handy when it's time to start working on your forecasts. h/t EMARKETER #ecommerce #commercesuccess

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

🌐 Nearly a third of the world's population shops online. This data confirms the widespread and entrenched nature of eCommerce worldwide. How do you ensure that your prices are attractive and competitive? 🌟 A price monitoring tool like Minderest enables you to make quick and informed decisions based on changes in the competitive landscape. You will be able to detect demand patterns, identifie market opportunities, and optimize your profit margins ✅ Request a demo now: https://lnkd.in/dFJM2XRH #pricemonitoring #eCommerce #digitaltrends

The pandemic spotlighted the vital role of online sales, driving businesses to adapt swiftly to a new digital reality. Today, the e-commerce sector continues to soar, with global revenue expected to hit $4.1 trillion in 2024 and 📈 grow at a steady 9.49% annually, reaching $6.48 trillion by 2029. In this ever-expanding market, the competition is fierce. To stay ahead, retailers must harness the power of deep analytics to refine their pricing strategies, personalize offers, and accurately forecast demand. A data-driven approach is crucial for making informed decisions that fuel revenue growth and enhance market position. 🔍 Want to learn about the top revenue management strategies and tools that can drive profitability in e-commerce? Check out our latest article where we dive into effective strategies and showcase real-world examples of successful implementation. Read the full article here 👉 https://lnkd.in/djX8dnQG #Ecommerce #RevenueManagement #DataDriven #RetailGrowth #PricingStrategy #MarketTrends #DigitalTransformation #BusinessGrowth #RetailAnalytics #CompetitiveAdvantage

Conversion rates fell among online retailers last year. But we also know what the best performers are doing. Watch this video for some highlights. Want to read more and see all the charts, data and examples? Check out Digital Commerce 360's 2024 Ecommerce Conversion Report: https://lnkd.in/gvNgkyk3

According to data presented by AltIndex.com, the global e-commerce industry is expected to gross a whopping $3.64 trillion in 2024, or 15.6% more than last year. Follow @ecom_appbuzz for the most buzz worthy ecommerce trends and insights. Source: https://lnkd.in/g__SdFMa #ecommerce #ecom #ecommercebusiness #ecomtips

eCommerce growth is set to soar with an impressive CAGR of 14.7% expected through 2025. This rapid acceleration highlights the increasing shift towards online shopping and the expanding opportunities for businesses in the digital marketplace. Stay ahead of the curve and capitalize on this booming trend. #eCommerceGrowth #DigitalMarketing #OnlineShopping #BusinessTrends #MarketExpansion

📑 According to Statista's ecommerce data, the percentage of all global online purchases in retail has been steadily increasing from 7% in 2015 and is expected to reach 24% by 2026. This rise in online transactions implies an ever-growing competition among retailers to capture consumers' attention and maximize their sales. 👉🏻 How can retailers optimize their pricing strategies using price automation to maximize profits, stay competitive, and meet consumer expectations in an ever-evolving market? 🌟 Price automation can help retailers make the most of ecommerce growth by enabling them to efficiently manage large volumes of products and online transactions. Request a demo: https://lnkd.in/eTAHgPr4 #RetailInnovation #AITechnology #PricingStrategy #dynamicpricing #eCommerce

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

E-commerce is booming in Pakistan, but success lies in making data-driven decisions. Whether it’s customer preferences or inventory optimization, analytics gives you the edge. What do you think is the most critical data point for e-commerce success? #Ecommerce #DataDriven #DataAnalytics #PakistanBusiness #DigitalTransformation