The US eCommerce market is booming, and the stats prove it. The second quarter of 2024 marked the third highest so far for US eCommerce sales – beaten only by the fourth quarter of 2023 (exceeding $300 billion) and Q4 of 2022. Bear in mind, both those include the key online retail periods of Christmas and Black Friday. It will be interesting to see how well Q4 does this year! At the same time, offline sales growth is at its lowest since the start of the pandemic. The news is no surprise to us. We work closely with UK eCommerce retailers, taking care of their shipping and delivery into the US, so we see first-hand how buoyant demand is. The US is our strongest market, and this weekend alone we shipped thousands of parcels there for UK exporters. We ship to seven different US locations, working closely with final mile delivery partners. There’s no doubt, the US eCommerce market is big and it’s growing. If you’re a UK eCommerce retailer and want to get into the US, talk to us: [email protected] #dutyreclaim #duty #ecommerce #crossborder #internationalshipping #ocsworldwide #globaldeliveries #USAshipping #trade
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With the US being the second largest eCommerce market in the world, it makes sense that your delivery options into the US offer the customer a memorable experience! With 81.34% of surveyed consumers stated their top priority when it comes to ordering online is Free Shipping! A recent report by Digital Commerce 360 revealed the Top Reason US Shoppers Abandoned Cart in 2024: - Shipping costs were too high (32.48%) - Delivery time would be too slow (18.66%) - Delivery date was unclear (12.44%) So if you're a UK based brand or retailer, struggling to satisfy your US customers, now might be a perfect time to review your delivery partners! Link to report in comments! #ecommerce #crossborder #shipping #growth #usa
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33 E-Commerce Statistics For 2024 🧐 If you’re looking for a way to boost your sales and take your business to new heights, e-commerce should be firmly on your radar. The entire e-commerce business is booming, not just retail sales. With nearly 9% growth projected for this year, there are plenty of opportunities to dive in. Help your business stand out from the competition by staying at the forefront of online payment technologies and creating a website that’s easy to navigate and browse. Online shopping statistics show the increase in digital orders is not just a trend. Shopping online is here to stay, as 22.6% of total retail sales will be conducted online in 2027. Start thinking today about how to sell products online to avoid becoming obsolete. Here are some UK and global e-commerce statistics for 2024 to illustrate the power of online sales > https://ow.ly/aTSn50SXmol #Ecommerce #Retailers #Retail #OnlineRetailers #OnlineShopping #OnlineSales #DigitalOrders #BusinessGrowth #3pl #Logistics #Distribution
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📑 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
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UK Online Retailers See 3.2% Sales Boost in September UK online retailers are celebrating a 3.2% sales boost in September, a welcome trend for the eCommerce industry. This growth is a positive sign for online businesses, indicating a strong demand for digital shopping experiences. Are you looking to boost your eCommerce sales? Let Purple Cow Services help you stay ahead of the curve with our expert eCommerce solutions. #eCommerce #UKRetail #OnlineShopping #PurpleCowServices #PCIS #MUB #PurpleCow #DigitalMarketing #EcommerceGrowth #RetailTrends #OnlineRetail #SalesBoost #PurpleCowServices #DigitalSolutions
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The U.S. Department of Commerce estimates that e-commerce sales for the second quarter of 2024 were $291.6 billion (seasonally adjusted), an increase of 1.3% over the first quarter of the year and 6.7% above second quarter 2023 sales.2 In 2023, U.S. e-commerce sales reached $1.1 trillion3, and are forecast to continuously increase between 2024 and 2029, reaching $1.88 trillion.
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Exciting News for E-commerce Enthusiasts! 🚀 Check out this insightful article from the U.S. Department of Commerce on the latest forecast for e-commerce sales size. Global B2C ecommerce revenue is expected to grow to USD$5.5 trillion by 2027 at a steady 14.4% compound annual growth rate. This forecast highlights the tremendous opportunities available for businesses in the e-commerce space. With consumer behavior increasingly gravitating towards online shopping, there has never been a better time to capitalize on this trend and expand your digital presence. Read the full article here: https://lnkd.in/erW6MAGK Geshers Fulfillment #Ecommerce #DigitalCommerce #BusinessGrowth #OnlineSales #MarketForecast #TradeGov
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Partner / Managing Director @ Deloitte Digital | Commerce Leader | Leading Large Digital Transformations | B2B B2C e-commerce Leader
e-commerce drives holiday growth in the U.S.: "Steady Sales Growth Expected for 2024 Holiday Season, According to NRF" 📈 Winter holiday spending is expected to grow between 2.5% and 3.5% YoY. That equates to between $979.5 B &$989 B 📈 e-commerce sales, which are included in the total, are expected to increase between 8% and 9% to a total of between $295.1B & $297.9B via @NRFNews #ecommerce #commerce #marketplace #B2C https://buff.ly/3Nw268V
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Founder & CEO | eCommerce & Digital Marketing Strategist | 25+ Years of Experience in Building High-Impact, Growth-Oriented Digital Commerce Solutions
UK Online Retailers See 3.2% Sales Boost in September UK online retailers are celebrating a 3.2% sales boost in September, a welcome trend for the eCommerce industry. This growth is a positive sign for online businesses, indicating a strong demand for digital shopping experiences. Are you looking to boost your eCommerce sales? Let Purple Cow Services help you stay ahead of the curve with our expert eCommerce solutions. #eCommerce #UKRetail #OnlineShopping #PurpleCowServices #PCIS #MUB #PurpleCow #DigitalMarketing #EcommerceGrowth #RetailTrends #OnlineRetail #SalesBoost #PurpleCowServices #DigitalSolutions
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This quarter’s NZ Post eCommerce Spotlight once again reveals key insights for online retailers. Online transactions rose 8%, though average spend per transaction dropped 6%, balancing overall growth. Meanwhile, in-store sales fell by 5% compared to last year’s Q3. This Spotlight explores the drivers behind these trends and offers five practical tips to help online retailers optimise for the upcoming peak season: https://lnkd.in/gBgN_hBb
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According to Forbes, U.S. e-commerce accounted for 15.9% of all retail and food-service sales in the first quarter of 2024, based on data from the Commerce Department. Without seasonal adjustments, e-commerce made up 15.6% of total sales. The total U.S. e-commerce sales for this period were estimated to be $268.1 billion.
