“Cyber Monday and Black Friday typically kick off the holiday shopping season, but this November and December sales are forecasted to surge 33% year-over-year to a record $189 billion.” https://risnews.com/3-last-minute-tips-it-pros-black-friday-surge
Tag: AI eCommerce
Preparing For The Unknown: Black Friday 2020
“Retailers must employ a strategy that is differentiated, supported by an agile technology platform that allows them to easily experiment, fail cheap, and measure results accurately. eMarketer reports that U.S. click-and-collect e-commerce sales are expected to grow to $58.52 billion, up 60.4% from its initial forecast. Indeed, the ROI on retail AI is expected to…
CPG Brands Are Finding New Audiences With Ecommerce Sales
“According to an analysis of CPG sales by Boston Consulting Group (BCG), ‘online food and beverage sales have spiked to as high as 15% of total retail sales’ during the pandemic, up from 3% of retail sales prior to the pandemic. According to a recent study by Nielsen, ‘31% of those [cash] constrained global consumers…
Online gift card sales to boom for the 2020 holiday season
“U.S. retailers sold 114% more digital gift cards in the third quarter of 2020 compared with Q3 2019, according to survey data from 1,182 U.S. stores that use Rise.ai Inc.’s re-engagement software. Plus, the revenue from selling the digital gift cards increased 65% year over year in Q3 In September 2020, on average 2.14% of…
Can E-Commerce Save Retail?
“According to a report from Yelp, 60 percent of listed businesses that shut their doors during the pandemic have closed for good, including 48 percent of retail stores. The best way for companies to please the most customers is to integrate the physical, social, and digital aspects of shopping. Successful integration is why Best Buy…