“During the first quarter of 2020, Visa reported that 13 million people in Latin America made their first online purchase. Shopping app downloads in Latin America grew 43 percent year-over-year in May. ‘All our customers saw a 130 percent increase in new users,’ José Sánchez, Spreaad’s co-Founder, told Contxto. ‘During this time, retail sales increased…
Tag: AI eCommerce
AI to survive and thrive in ecommerce with Coveo and Accenture
“Learn how to make the most of your online channel now by making sense of all the data that you have Use AI to understand customer behaviour and language to enable them to find, explore and buy products, intuitively Deliver personalised product and content recommendations for each shopper Leverage AI to impact every aspect of…
How artificial intelligence and augmented reality can put a dent in return rates
“Consumers return 30% of ecommerce purchases and a study from Shopify reveals that 40% of consumers buy variations of a product online intending to send back most of the order.” https://www.google.com/amp/s/www.digitalcommerce360.com/2020/06/08/how-artificial-intelligence-and-augmented-reality-can-put-a-dent-in-return-rates/amp/
The Retail Pivot: How Retailers Have Adapted Through Digital Transformation
“Prior to the pandemic, ecommerce sales already represented the bulk of overall retail sales growth in the U.S.—$600 billion in online sales accounted for 56% of overall retail growth in 2019. Between March 23 to March 30, ecommerce marketplaces saw a 14% increase in volume, according to data from the Forter Global Merchant Network. Key…
Data Drop: eCommerce Numbers Steal Relevance
“While last week’s 16 percent overall spending drop lit up the headlines and scored high on the drama factor, it’s the eCommerce numbers – up 8.4 percent during the same period – that could hold the most importance for the future. Our research shows that 32.8 percent of consumers are shopping for retail items just…