According to comScore, US retail commerce, for two quarters in a row, surpasses $50 billion in the first quarter of 2013. This means ecommerce have grown 13 % Quarter-on-Quarter and Year-on-Year basis.
“The first quarter of 2013 was fairly strong for online retailers, with total e-commerce sales surpassing $50 billion for only the second time on record,” said comScore chairman Gian Fulgoni. “As long as job growth continues and consumer sentiment remains positive, the outlook for e-commerce in 2013 remains bright.”
According to a survey done by the Boston Consulting Group (BCG), less than 10% of the customers will be enticed by the promise of same day delivery, when the purchase anything online.
BCG did this survey among a small sample size of 1500 US customers. All though the sample size is very small, 3/4th of the customers prefer free shipping when they purchase online.
And, unsurprisingly, lower prices would also be an attractive proposition for half of those surveyed.
If they have to pay for same-day delivery for an item bought online, the analysis found that consumers were willing to meet an average charge of $7.50 on a $50 purchase, a figure that is lower than the current fees being charged. Read more
Driven by the power of B2B transactions, South Korean Ecommerce sales reach an all-time high of 1,144 trillion won (US$ 1.05 trillion) in 2012. This is a 14.5% increase from 999.6 won (US$ 920 billion) in 2011, according to KOSAT (Statistics Korea).
Business-to-business (B2B) sales accounted for more than 90 percent of all online transactions, hitting 1,051 trillion won (US$967 billion) and up 15.1 percent from the year before. Business-to-government (B2G) sales reached 62.26 trillion won (US$57.3 billion), up by 6.6 percent from the previous year.
Business-to-consumer (B2C) sales increased 6 percent to register 19.64 trillion won (US$18.1 billion), while consumer-to-consumer (C2C) sales leaped 20.6 percent to hit 11.8 trillion won (US$10.9 billion).
KOSTAT also pointed out that consumer online shopping, comprising B2C and C2C sales, grew 11.3 percent to 32.35 trillion won (US$29.8 billion) in 2012.
Google Plus joined the ecommerce bandwagon by partnering with Fancy, an ecommerce discovery startup, backed by Twitter Co-Founder Jack Dorsey.
Fancy’s users will now be able to buy and share items in Google plus when they login with Google Plus account. Other Google Plus users can either contribute to gifts featured on The Fancy or buy an item outright from Google’s site.
The Google Plus integration also allows users to automatically download The Fancy’s app to Android devices. The app is currently available on iPhones, iPads, Androids, Android tablets, Windows mobile, and the web.
The Fancy is one of the first sites to use Google’s new “Sign in with Google+” button. Users can also sign in with Facebook and Twitter.
This is Google Plus’ first dive into e-commerce. Facebook recently went head first into e-commerce with ”Gifts,” allowing users to buy items directly from their feeds.
Twitter, the micro-blogging site said on Monday that it has teamed up with American Express to provide its users and opportunity to buy products directly from its website. Named as ‘Pay-By-Tweet’, the new service will let users buy selected products by sending out messages that have less than 140 characters.
This integration of a payment mechanism in its website will help Twitter to become the leader among the social networks, where others have struggled to integrate a payment processor, hampering a prospect of having an ecommerce element in their website.
“We’re turning a tweet into an actual transaction,” said Leslie Berland, head of digital partnerships and development at Amercian Express. Read more
US ecommerce sales, for the first time, touched $50 billion in a Quarter, according to comScore. Increase in the number of buyers and spending per buyer contributed to this surge. It continued the double digit growth for the ninth straight quarter, ending in Dec, 2012 with a staggering $56 billion sales and a growth of 14% Quarter-on-Quarter (QoQ). US commerce sales ended 2012 with a healthy growth rate of 15% to reach $186 billion on yearly sales. There was 6% growth in the number of buyers and 8% in Spending per buyer.
“With e-commerce growth rates consistently in the mid-teens throughout the year, it is clear that the online channel has won over the American consumer and will increasingly be relied upon to deliver on the dimensions of lower price, convenience and selection,” said comScore chairman Gian Fulgoni. He remained optimistic that ecommerce will continue its success story in 2013 as well.
Earlier, eMarketer reported about Ecommerce touching 1Trillion in 2012.
Copyright - Dazeinfo
Contrary to the explosive growth of mobile commerce in the recent years, the revenue that comes through mobile apps still at 4% of the overall revenue generated through ecommerce. This revenue comes from the mobile apps of companies that have their own e-stores. So, in a nutshell, M-Commerce is still contributing very less to the top-line of an ecommerce business, considering the promise it has shown over the years.
As per the latest report from Global M-Commerce Status Check Report, only 19% of the total e-stores were able to generate 25% of the ecommerce revenue through mobile. This study was conducted in Q3, 2012, among 600 well-known m-commerce companies.
Some of the highlights of the report:
- 50% of the e-stores could only manage to generate 10% of the revenue from mobile apps.
- e-Stores, who are generating more than 25% of the revenue from mobile channels, will touch a market share of 27.5%, a Year-on-Year growth of 10%.
- A very optimistic 15% e-Stores believe that in 5 years, they will generate 50% of their total ecommerce revenue through mobile apps.
Chinese e-commerce giant Alibaba sold one trillion RMB worth of goods in 2012, the company announced today. That’s $157 billion U.S. in gross merchandise volume (GMV), which easily surpasses U.S e-commerce giants Amazon and eBay combined.
In fact, Alibaba chairman Jack Ma said only two companies have ever recorded annual transaction volumes at this level: Wal-Mart and Alibaba.
Alibaba — which recorded $3 billion in sales in a single day earlier this year — is a conglomerate primarily composed of Tmall, which manages e-commerce operations for thousands of companies in China, and Taobao Marketplace, a rough equivalent of eBay. All payments are handled by Alipay, the company’s own payments processor, and Alipay has over 700 million registered users — with credit card information.
The company has grown massively in the past four years as the Chinese middle class increases in size and wealth, and as it has become a hub for a massive share of Chinese e-commerce. E-commerce has been growing at 60 percent year-over-year in 2012 in China’s third and fourth-tier cities, the company says, and currently just over five percent of all Chinese retail spending – RMB 18.39 trillion — passes through Alibaba websites. Read more
Rising consumer confidence, rampant promotion and a favorable calendar will result in slightly higher growth in holiday online sales than in 2011, according to a new comScore forecast. The research firm projects U.S. e-commerce sales will grow 17% this holiday season to $43 billion, compared to a 15% gain last year during November and December.
The season is already off to a solid start, with online spending for the first 18 days of November up 16% to $10 billion, up 16% from the corresponding period a year ago. Thursday, November 8 has been the heaviest online spending day of the season to date at $829 million.
“Recent five-year highs in consumer confidence and early retailer promotions appear to be serving as wind in the sails for the beginning portion of the holiday season, with consumers opening up their wallets early and often,” stated comScore chairman Gian Fulgoni. Read more
According to comScore, US retail commerce, for two quarters in a row, surpasses $50 billion in the first quarter of 2013. This means ecommerce have grown 13 % Quarter-on-Quarter and Year-on-Year basis.
