Ecommerce exploded when everybody got their stimulus checks, says marketing superstar Gary Vaynerchuk. It reminded me how much of a materialistic capitalistic country we are.
We Are An Experience-Driven Company, Says Chewy CEO
“Last year we sent about 50,000 pet portraits to our customers,” says Chew CEO Sumit Singh. “We’re an experience-driven company. This is not a cost. This is an engagement mechanism.We think of this as an experience building. We have 90 percent re-ups (of our subscriptions). Our customers love engaging with us.”
Google Still The King of Driving Ecommerce Sales
Facebook and Instagram may be the darlings of many advertisers, but data shows Google is still the king of driving ecommerce traffic.
Ecommerce Ad Spending Doubles As a Result of Coronavirus
While some industries may be reeling from the coronavirus pandemic, ecommerce ad spending is experiencing a boon.
Coronavirus: Amazon Taking Drastic Action to Meet Demand
Amazon is prioritizing shipments of essential items to its warehouses, as it struggles to keep up with demand in the face of the coronavirus pandemic.
Coronavirus: Amazon Hiring Additional 100,000 Warehouse Workers
With more Americans relying on online shopping during the coronavirus pandemic, Amazon is hiring an additional 100,000 warehouse workers.
Grocery Foot Traffic is Walmart’s Secret, Says Analyst
Foot traffic has been the secret, says Tim Lesko of Granite Investment Advisors. Walmart a couple dozen years ago moved into grocery and that move, which was widely panned at the time, has really led foot traffic to stay steady.
Verishop CEO On Competing With Amazon: “It’s Not a Zero Sum Game”
“The market narrative is always it’s a zero-sum game,” says Imran Khan, co-founder and CEO of Verishop, a new Amazon competitor launching soon. “You are coming in and it’s Verishop versus Amazon or Snap versus Facebook. Not one company will take everything. It’s just impossible for one company to solve every problem.”
Alibaba.com Opens World’s Largest B2B Marketplace To US Businesses
Today is a great day for US small businesses. Manufacturers and wholesalers can join Alibaba.com today to sell to the world. The platform is now open to enable those businesses to reach the 190 countries at four corners of the globe where we have ten million business buyers on the platform.
We’ve Seen Active Buyers Consistently Grow, Says eBay CEO
“The most important thing that we look at is the underlying health of the marketplace,” says eBay CEO Devin Wenig. “For me, that really comes down to three things. It’s how many people are shopping with us? How many people are selling with us? And how much inventory is in the marketplace?”