December is a month of crazy activity, isn’t it? Almost all ecommerce businesses are facing the most hard-selling period of the year and as if that wasn’t enough, it’s the end of the fiscal year with a lot of obligations related to taxes and accountability. In case you haven’t had the time to check this week news, we are here to help with our summary.
- eMarketer reduced its forecast for ecommerce in India due to the influence of currency laws. As we have commented here in previous weekly news, the new regulation reduced the opportunities to pay on delivery, one of the most preferred payment methods by Indians. Read more here.
- GRECA, the Greek ecommerce association, launched its trustmark. These initiatives are always an important step toward improving the market performance. Read more here.
- Our friends from Smart Insights published an excellent article about the 5 biggest problems regarding ecommerce payment gateways. Read it here.
- Forbes contributor Courtney Williams published an article about pricing, and of course we were interested in it. We recommend that you read his reflections about pricing for a startup, because they may apply to many other situations as well. Read it here.
- The Frankie Shop launched its brand new ecommerce business. An example of how to start a business through social networks…in this specific case: Instagram. Read more here.
- Indonesian ecommerce is suffering with scams and fraud due to a lack of verification processes. Untrustworthiness is the main factor against ecommerce, especially in the beginning, and that is what Indonesian customers are experiencing right now, which could lead to a long-term problem. Read more here.
- According to comScore, online desktop spending reached its 11th day in a row surpassing one billion dollars. Read more here.
- JCPenney, Sears, Macy’s and Kohl’s were sued for ‘fake’ sale pricing. According to aol.com, it seems the companies offered fake discounts during the last Black Friday and Cyber Monday. Read more here.
- Ecommerce marketplace – with an investment of $1bn, Noon.com launched targeting UAE and Saudi Arabia. Read more here.
- China and ASEAN also launched a new ecommerce platform with the aim to make cross-border transactions easier, especially for SMEs. Read more here.
- Ecommerce is expected to reach $1bn in Pakistan by 2020. The government is now working to update its regulations and make the activity easier and safer. Read more here.
- EConsultancy published this interesting analysis about how cognitive marketing will change the way businesses communicate with customers, including of course, artificial intelligence as one of the key factors. Read it here.
- We have talked in our articles and guest posts about dynamic pricing, and here you can read an article with an example of how baseball teams use it for tickets prices.
- Ahold Delhaize, that reported e-commerce sales of € 2.3 billion, has committed to doubling its ecommerce sales by 2020. Read more here.
- According to John Lewis Black Friday, Cyber Monday, Singles Day and the rest of pre-holiday season events may be affecting Christmas sales. Actually, they have announced a 2.1% decrease of sales in the first week of December compared to the same week last year. Read more here.
- DHL ecommerce announced plans to build an outbound cross-border distribution center in Narita, Japan. Japanese cross-border trades are increasing quickly and this new infrastructure will help to maintain the growth. Read more here.
- Wal-Mart will invest $1.3 bn to boost ecommerce in Mexico. This investment will include new distribution centers in the country. Read more here.
- Also in Prisync we had Rome Man writing about How To Build A Community For Your E-Commerce Shop in our guest post of the week and we suggested 10 Tools to Use in the Christmas Season.
With all this news another week passed to get us closer to the end of the year. But as these are highly active times, we will be still here until next year bringing you the hottest news about ecommerce in the world. Do not hesitate to follow us in our social networks or subscribe to the blog and we will provide you insights about ecommerce every week. See you there!