“Black Friday 2018 did not disappoint, pulling in $6.22 billion in online sales — up 23.6% from 2017 and setting “a new high,” according to Adobe Analytics. The Friday after Thanksgiving 2018 was also the first day in history to see more than $2 billion in sales come from smartphones. How then can companies avoid…
Tag: AI eCommerce
Black Ink On Black Friday: Retailers Expect Sales Boosts
“Retailers expect an average revenue increase of 28.7% over the same period in 2018 In addition, companies expect a 22% hike year-over-year on Cyber Monday, and 29% for the season as a whole. All that said, brands are bedeviled by many challenges. Here are the main ones: • Delivery logistics — 27.8% • Discounting eating…
Former Stitch Fix COO Julie Bornstein is rewriting the e-commerce playbook
“Shortly after departing Stitch Fix, Bornstein began building The Yes, an AI-powered shopping platform expected to launch in the first half of 2020. ‘AI and machine learning already dominate in many verticals, but e-commerce is still open for a player to have a meaningful impact,’ Callaghan said in a statement. ‘Amit is leading a team…
Benefits of Artificial Intelligence in the eCommerce Industry
“Also, about ten percent of the retail sales in the United States come from eCommerce, and even this number is expected to grow by 15 percent every year. 5 Benefits of AI in the eCommerce Industry 1. Product Searching 2. Personalized Product Recommendation 3. Dynamic Pricing 4. Fraud Risk Management 5. Warehouse Automation” https://edgy.app/benefits-of-artificial-intelligence-in-the-ecommerce-industry?pfrom=marketing&fp=a7
AI Investments Are Going to Keep Paying off for JD Stock
“According to eMarketer, retail eCommerce sales in China will increase from $1.52 trillion in 2018 to $4.10 trillion by 2023. Therefore, it is entirely likely that JD.com will continue to witness 20% plus top-line growth in the next 3-5 years. Drone deliveries will enable eCommerce to reach relatively remote areas. Approximately 577 million people still…