The pandemic has fueled an offline-to-online shift and driven exponential growth across the global ecommerce sector, growth which is likely to continue even in a return to normalcy, according to Forbes. In fact, experts forecast that half of the absolute value growth for the global retail sector over the 2020-2025 period will be driven by digital ecommerce. In this rapid shift, the US, being the third-largest online market worldwide and the homeland of online marketplace giants, will play an essential role.
5 INTERESTING ECOMMERCE TRENDS HAPPENING IN CHRISTMAS 2020
What a year it has been! As we clinked our glasses to the start of 2020, nobody could have predicted the sheer disruption the pandemic would cause. In this article, we highlight five key trends affecting retailers over this Christmas shopping period and beyond.
While Black Friday 2020 is expected to be the most profitable shopping event to date, many brands and retailers are also adopting and implementing a new selling trend, recommerce, which involves the exact opposite action implied in Black Friday: labels buy back second-hand items from consumers.
We Are Pentagon is proud to announce the opening of its third UK warehouse to support retailers on a mission to expand their online sales. The new warehouse, situated in Derbyshire enables the Pentagon team to enhance the support given to brands and retailers while crucially streamlining the fulfilment of products purchased from Pentagon’s own Arcade store.
MEET ONBUY: THE WORLD’S FASTEST GROWING MARKETPLACE
This week OnBuy announced 600% revenue growth for the second year running, having also revealed 24,000% GMV growth at the end of this fiscal year – just four years after the marketplace launched. With such extraordinary results as the marketplace continues to go from strength to strength and an exclusive ITV advertising campaign in the bag, I caught up with OnBuy Founder and CEO, Cas Paton to discover the secret behind the marketplace’s success.