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E-Commerce News: 15-22 September 2016

Hi there e-commerce folks!

Did you notice we are facing the last week of September? Time is moving quickly, and so does the e-commerce news. So, if you haven’t had the time to keep up with all that happened this week, don’t worry, we are here to help you with our weekly selections of news that will bring you an accurate overview of the e-commerce world. Let’s begin with them:

  • Google and eBay passes, but Amazon fails the “exam” of ChannelAdvisor. Research within ChannelAdvisor channels shows a 43.1% annual increase in sales derived from Google Shopping ads, a 5.9% rise in eBay same-store sales in August and a 10.5% rise in Amazon same-store sales. That is the second-lowest data for the company since last year.
  • “In the era of e-commerce, the relevance and importance of small shops would only increase” said Union minister of India Piyush Goyal. Small businesses in India are worried about the future effect of e-commerce where Piyush Goyal only sees opportunities. Polemic is open.
  • Facebook messenger a new e-commerce channel. Forbes contributor Tom Popomaronis analyses this new trend in online retail.
  • E-commerce about to reach remote rural customers. Delivery expenses are not always efficient for people in remote locations, but this may be an opportunity for small local businesses that are betting on e-commerce as an important part of their marketing efforts.
  • Four employees steal more than 100 mooncakes from Alibaba. It is well-known that fraud is one of the biggest enemies of e-commerce, and sometimes it comes from unexpected sides.
  • Average conversion rate in ecommerce is 1.33%, with emails being the best channel at 3.84%. But if we look at the top 10% performers’ average as 3.65%, then e-mail conversion rate rises to 9.89%.
  • E-commerce SEO will be the new goose that laid the golden eggs. Searches made in e-commerce sites like Amazon, Alibaba, etc., have much better conversion rates than Google searches, but nobody is currently looking into them.
  • PayPal and UnionPay reach an agreement to offer Chinese customers a familiar payment option in European shops.
  • Mobile phones and tablets accounted for about 5% of the gross sales in India, which means a slight rise in from the previous quarter, according to the research firm RedSeer Consulting.
  • UPS is looking at Asia as their new challenge to improve their competitiveness. Asian customers are buying more and more overseas and this is a great opportunity for delivery service companies. Until now, the trend was Asian stores shipping to Europe, but it seems this will tip the scales.
  • Multi-funnel sales confirmed. According to xAd research, 67 percent of U.S. consumers visit in-store locations as part of their mobile research before purchasing. Even when they finish buying online through their mobile devices, the experience of seeing and touching the product was essential in the purchase decision.
  • Ikea launches its e-commerce in Spain. The Swedish company will start slowly, since it is only operative in two stores in the entire country, but this seems like a test that if performed well, will likely affect the other stores.
  • European e-retailers face pricing hurdles. The European Commission states that more than 40% of retailers are facing price recommendations or restrictions from manufacturers and even having to compete with their product providers.
  • UK e-commerce is in good shape. UK shoppers spent 18.5% more online in August than in the same month last year, even though August is traditionally a bad month, since people usually spend more money on leisure such as holidays, summer concerts, etc., reducing the amount of money for purchases.

We finish here today. We hope you found all these news items interesting and that now you are much more updated about e-commerce latest news that just a few minutes ago. Do not hesitate to come back this week to read new exciting articles about e-commerce in our blog!

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