TAIPEI, TAIWAN / ACCESSWIRE / October 14, 2020 / From October to Christmas, the global retail industry will usher in the shopping season. Department stores and shopping malls have introduced discounts to promote business demand and the growth of advertising and marketing performance. Merxwire’s online advertising services have enhanced customers’ sales competitiveness.
The global retail industry is about to enter the peak shopping season in October, and many department stores have begun to implement annual sales, and shopping malls also provide discounts to consumers. Some stores have launched activities in September, and the entire shopping season is not expected to stop until December 31. Consumers will purchase from the annual sale, double 11 promotion, to Christmas and celebration New Year’s Eve. These festivals not only promote the booming development of the retail industry but also the advertising and marketing industry and the tourism industry.
Amazon’s bargain-focused two-day shopping holiday on Tuesday and Wednesday highlighted consumers’ shift to buying online in a difficult year for brick-and-mortar retailers. The stock is up almost 89% year to date, driving online retail-based exchange-traded funds that hold the name.
The three ETFs with the most Amazon exposure on the market — Fidelity’s MSCI Consumer Discretionary Index ETF (FDIS), ProShares’ Long Online/Short Stores ETF (CLIX), and ProShares’ Online Retail ETF (ONLN) — are up 38%, 85% and 93% this year, respectively. ONLN hit a 52-week high Tuesday.
Four key factors have been driving investors to e-commerce, Simeon Hyman, global investment strategist at ProShares, told CNBC’s “ETF Edge” on Monday.
First, “the transition is earlier than you think. You have not missed it,” he said. “Only 16% of retail sales were online in Q2. So, 84 cents were spent in brick-and-mortar stores and a lot of
In response to COVID stay-at-home restrictions, consumers are increasingly turning to the internet to purchase household furniture and decor items. While this trend is bad news for the growing list of retailers closing doors such as Pier 1 and Sur La Table, it presents a tremendous opportunity for ecommerce retailers–especially those that help consumers filter through millions of options and then deliver the products through a direct-to-consumer model that keeps costs down.
Alfred Chehebar, founder of Genius Pack and CEO of Genius Brands LLC, a portfolio of digitally native ecommerce brands, is breaking into the online furniture market by launching ObjectsHQ, a direct-to-consumer furniture company promising “a new kind of ecommerce experience for modern furniture.”
The Market for Online Furniture Sales
The U.S. market for online household furniture is booming with annual revenues of $45.7 billion and annualized growth of 15.9% between 2015 and 2020, according to IBISWorld. But the
For retailers looking to compete with Amazon around its annual Prime Day event, it’s not all about offering deep discounts to catch customers’ attention on the internet.
Start-ups like Warby Parker, Allbirds, Outdoor Voices and Everlane rarely offer promotions. Many of these companies have built their businesses online around a playbook that essentially says: We will never go on sale.
“As a brand, we don’t have sales,” said Brian Berger, CEO of the direct-to-consumer men’s sweatpants maker Mack Weldon. “We have a permanent loyalty program. … And that gets us out of the cycle of having to think about promotions and retraining customers in a way we wouldn’t want them to behave. We want them to shop whenever they want.”
Instead, around Prime Day and through this holiday season, Berger said, Mack Weldon will be boosting its marketing efforts, especially on social media. The brand launched
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Picton Mahoney Asset Management (“Picton Mahoney”), an alternative investment fund manager of the Picton Mahoney Fortified Alternative Fund family, the largest offering1 of liquid alternative funds in Canada, is thrilled to announce that Michael Lynds has joined the company as the Managing Director, Head of Retail Business.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005075/en/
Michael Lynds, Managing Director, Head of Retail Business (Photo: Business Wire)
A respected industry veteran of nearly 25 years in the financial services and fintech sectors, Lynds’ experience is multifaceted and global. He comes to Picton Mahoney after having worked with international wealth management and technology firms of all sizes, most recently as Vice President of Global Wealth, Intellectual Property and Consulting at CGI. There, he managed a team spanning North America and Europe with
BRUNSWICK — A business hoping to become Brunswick’s first retail marijuana store will go back before the planning board Tuesday evening after a previous attempt proved unsuccessful due to an oversight in the town’s zoning.
Plans for the store have remained the same since first presented to town officials in February.
Michael DiPersia, representing GJoris LLC, wants to build a 3,100-square-foot, single-story recreational marijuana retail store in the Brunswick Industrial Park.
DiPersia and Joseph Marden, project manager with civil engineering and surveying firm Sitelines, said the yet-to-be-named store, located at 4 Business Parkway, will be designed to have a “destination retail feel.”
The project will go to a public hearing on Tuesday and the planning board is scheduled to decide on the conditional use permit and final development review immediately afterward.
The project proposes 64 parking spaces, with the option to add 18 more later on if needed.
Founder of multiple e-commerce stores, the education program eComBuilder, and the first German Shopify Education Partner.
The global retail market is currently facing an unprecedented crisis, with international supply chains shattered andmany workers teetering on the edge of unemployment. While the physical retail model was already fading, the effects of the recent pandemic have accelerated the decline of traditional brick-and-mortar stores.
Covid-19 has dislocated businesses small and large, and those without an online presence have been left struggling for survival. As someone who helps business owners build e-commerce sites, I’ve seen firsthand how having an online store, or lack of, can impact their business. However, simply having e-commerce ability isn’t enough, and as we continue to witness the downfall of traditional retail, smartly leveraging an online presence could be the difference between folding and thriving.
Create limitless availability.
By operating on a limited working day model, traditional
Economists forecast that U.S. wholesale prices edged higher last month.
They expect the Labor Department will report on Wednesday that its producer price index, which measures inflation before it reaches consumers, rose 0.2% in September. That would follow increases of 0.3% in August and 0.6% in July. Over the past 12 months, wholesale prices have declined 0.2% while core prices, which exclude volatile food and energy costs, are up a modest 0.6%.
Americans have ramped up spending after a sharp pullback in the spring due to the pandemic, but the pace of that growth has slowed.
U.S. retail sales increased 0.6% in August. That followed increases of 0.9% in July, 8.6% in June and 18.3% in May. One reason spending growth has slowed is many people who lost jobs are no longer receiving a $600-a-week boost in their unemployment checks. Did the
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Oct 08, 2020 (Market Insight Reports) —
Detailed Analysis Based on 2020 COVID-19 Worldwide Spread Covers in the Final Report
The Online Retail market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The global Online Retail market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Online Retail market. The report focuses on well-known providers in the global Online Retail industry, market segments, competition, and the macro environment.
Under COVID-19 Outbreak, how the Online Retail Industry will develop is also analyzed in detail in Chapter 1.7 of the report., In Chapter 2.4, we analyzed industry trends in the context of COVID-19., In Chapter 3.5, we