We’re back with our weekly dose of eCommerce news. This week we’ve got a little bit of everything, some Social Commerce, eCommerce in fashion, mCommerce. But surprisingly Amazon hasn’t done anything eCommerce headlines worthy this week. But I don’t doubt they’ll be back soon.
In eCommerce News this week:
1. Shopify and Uber Reinvent Local Shipping
Shopify has partnered up with Uber to introduce a new courier service, UberRUSH. The eCommerce platform company takes the next step in helping Shopify merchants improve their services. UberRUSH allows same day delivery from Shopify stores customers. You’re likely to see the couriers rushing through the big cities of the USA (New York, San Francisco and Chicago) but the company plans on expanding to more cities. Same day delivery is rising in popularity with large retailers such as Amazon and Target and heavily investing in the service. We are likely to see a boom in rapid delivery services.
You can find the full story here: https://www.shopify.com/shopify-and-uber-reinvent-local-shipping
2. Facebook adds a shopping section in trial for big e-commerce push
Last week we talked about Pintrest and it’s ‘Buyable Pins’ . This week Facebook becomes another Social Media platform to offer eCommerce features. Facebook is adding a shopping section to its social network, and will be testing users’ response to the new feature. There will be a dedicated tab on Facebook for shopping. Unsurprisingly, the products will be catered to your interest, since Facebook feeds off your data.
Once again we see the growing trend in Social Commerce.
You can find the full story here: http://thenextweb.com/facebook-adds-a-retail-section-in-trial-for-big-e-commerce-push/
3. Abercrombie is making major changes to fix its biggest crisis yet
Abercrombie, the casual wear retailer has recently experienced a dip in sales, most commonly linked their lack of emphasis on eCommerce. But that’s about to change now. The company realized the trend of hanging out in stores has disappeared and that teens prefer to browse and buy products online. The shift to digital has a significant impact on the company business model, this will likely result in a drastic change in the company’s mentality if they want to remain competitive.
eCommerce is the next best thing, whether you like it or not all retailers are going ‘e’ now!
You can find the full story here: http://www.businessinsider.com/abercrombie-is-embracing-mobile-shopping
4. Mcommerce sales to reach $142B in 2016: Forrester
mCommerce continues to grow, with transactions topping $115 billion in 2015 and are expected to reach $142 billion next year. The growth of mCommerce has significantly impacted the way retailers invest in smartphone experiences. Currently mobile accounts for 35% of overall ecommerce and is expected to jump to 49% by 2020. Retailers must be ready to invest in the mCommerce if they want to remain competitive. Nowadays RWD is a must!
You can find the full story here: http://www.mobilecommercedaily.com/mcommerce-sales-to-reach-142b-in-2016-forrester
5. Is luxury e-commerce nearing its tipping point?
McKinsey recently released a report about the current development of luxury eCommerce. They analyzed online sales of over 50 luxury brands to predict a future trajectory of sales. They’ve noticed that sales are following a common S-Curve, and are likely to reach the plateau phase within the next decade or so. They also expect that by 2025 online share of luxury sales will be 18% (about $70 billion annually).
You can find the report and full story here: http://www.mckinsey.com/luxury_ecommerce_nearing_its_tipping_point
Stay tuned for more news next week!