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Global e-commerce sales are expected to grow 8.9% annually through 2028, reaching $6.8 trillion. And a new Forrester report predicts that U.S. online retail sales will reach $1.6 trillion by 2028, accounting for 28% of total retail sales. The report found that the maturity of retail e-commerce varies globally, with developed countries such as the US, UK and South Korea being more mature due to higher internet penetration and digital literacy. E-commerce is more mature in the U.S. compared to Canada, with Forrester predicting that Canadian online retail sales will reach $83 billion by 2028. According to Forrester, Canada lags…

Da Nang is rolling out a series of solutions to control and improve the quality of products on e-commerce platforms, giving people more peace of mind when shopping online. Nguyen Thi Hien, a resident of My An Ward, Nguyen Hang Son District, said she spends VND4-6 million every month buying goods on e-commerce platforms, but about 5-10 percent of the items she buys have common mistakes such as poor quality goods, service or shortages of products. In fact, if it is too easy to register to sell on an e-commerce platform, customers of the e-commerce platform may face quality risks.…

JD Sports is setting a course for the retail industry, becoming the first global retailer to undergo a major omnichannel re-engineering in 2024. SAN FRANCISCO–(BUSINESS WIRE)– This strategic choice is a key element of JD's comprehensive modernization and replatforming initiative, which aims to transform its e-commerce sites, strengthen its global omnichannel strategy and maximize revenue from its retail media network. The effort is complemented by a simultaneous company rebranding to reflect its commitment to innovation and further strengthen customer-centricity. A core principle of JD's modernization is an API-first approach, which provides a dynamic framework that can rapidly adapt and integrate…

“If you want to be a relevant, modern brand, you have to be able to sell everywhere consumers spend their time,” the Shopify president said. advertisementCommerce platform Shopify has handled more than $1 trillion (€921.4 billion) in gross merchandise volume (GMV) since its founding in 2006. What began as a company supporting small businesses has grown into a retail giant with brands such as: MattelGlossier, and most recently Ami Paris have joined the platform. Luxury fashion brands that previously vowed to never sell online are now exploring e-commerce. Does this mean the end of high-street shopping?In this episode of Big…

Last November, as much of the luxury e-commerce sector was plummeting, MyTheresa CEO Michael Krieger remained optimistic.For the quarter ended Sept. 30, 2023, the luxury online retailer achieved another consecutive quarter of net sales growth, maintaining the record it has maintained since its IPO in 2021, outperforming its competitors.The same day, Farfetch abruptly announced it would not release its usual quarterly financial results, confirming the company's dire situation that would lead to its fire sale to South Korean retailer Coupang a few weeks later.Asked on a conference call with investors and analysts how MyTheresa could prepare for the future as…

Shivani Gupta, senior banking and payments analyst at GlobalData, said the Philippine e-commerce market is expected to register a compound annual growth rate (CAGR) of 13.2 percent between 2024 and 2028, reaching 2.2 trillion pesos ($39.5 billion) in 2028.Philstar.com / Ira Lissing MANILA, Philippines — The Philippine e-commerce market is expected to reach P2.2 trillion by 2028 as more consumers buy online and more brands enter the sector, according to data and analytics firm GlobalData. Shivani Gupta, senior banking and payments analyst at GlobalData, said the Philippine e-commerce market is expected to register a compound annual growth rate (CAGR) of…

Online shopping is widely expected to expand in China. It's not clear how much established companies like Alibaba and JD.com will benefit. “You're going to see relatively strong new players coming in,” James Yang, a Hong Kong-based partner at Bain & Company, told me last week. “It's not just a two-player game, it's going to be a three-, four-, five-player game,” he said. According to Bain, e-commerce will account for 37.5% of China's retail sales in 2023, up from 27.9% in 2019. Data shows that China is by far the number one e-commerce penetration in Asia. In the United States,…

The booming development of e-commerce will usher in a new era of employment for women in Bangladesh. Online-based trading is attracting many people as it gives them easy access to technology and helps them keep up with the busy world.As the whole world becomes dependent on technology, e-commerce is developing rapidly in Bangladesh. Now everything is online-based and anyone can buy or sell anything on the virtual platform.In fact, in Bangladesh, online platforms have expanded significantly during the COVID-19 pandemic as the pandemic situation has made people more dependent on online. E-commerce is becoming popular among people and spreading rapidly…

Before investing in a popular stock, it's important to know about the business. When a stock becomes popular, many investors buy into it without knowing much about the business behind it. To some extent, this is understandable: When a stock goes up and people are talking about it, it's a natural reaction to want to join in the fun. But without knowledge of the company, it's very difficult to know whether you should hold on to a stock when times get tough. Understanding a business is the key to successful long-term investing. So let's try to understand. MercadoLibre (Merry 1.51%).…

of stocks Shopify (NYSE: SHOP)The most popular e-commerce software platform in the United States is up more than 2,000% since going public in 2015. S&P 500By comparison, it only increased 195% over the same period.The best news is that Shopify stock could rise. another It's expected to rise 2,000% over the next few years, so if you're looking for a stock that's poised to grow substantially, this could be the stock for you.Shopify has a huge lead over its competitors, and the difference is clear.When it comes to Shopify, there are two key factors to note: The first is the…