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Businesses are transforming from conventional to eCommerce. The US will need an additional 1 billion square feet of warehouse spacing to fulfill the growth of eCommerce. According to the recent reports, the need for fulfillment centers is driving 50 percent of industrial transactions today, whereas it was 35 percent before the pandemic. According to the sources, With the growing time and technology, eCommerce sales in the US have amounted to $602 billion in 2019, whereas…

Rise, a Dubai based fintech organization, currently said to raise around $1.4million in a round led by the middle east venture partners. This Dubai based fintech company provides financial services to migrants with low-income in the Gulf. Rise has teamed up with one of Pakistan’s leading eCommerce platforms HomeShopping.pk. Both companies have launched a buy now service for all the overseas Pakistanis residing in the United Arab Emirates. This is the very first time when…

Retail Stores Create The New Normal As Businesses Begin To Open Up. The future retail environment is weighing on the minds of companies, shoppers and employees. People want to feel safe, get their lives back to normal and start shopping again. While shoppers are anxious to get out of their homes, the return to normal may take time. However, it will be a new normal. There is not a unified reopening strategy across all states…

The extended lockdown has forced customers online but what does COVID-19 mean for eCommerce? Everyone is aware about that COVID-19 has been blamed for the downfall of several giant retailers but what does it actually mean for eCommerce? There was quite a discussion on this matter with a good number of experts to find out in detail which was organized by BusinessCloud. It’s been described as the retail sector’s apocalypse. Also Read: Changing Trends and…

Walmart Doubles Last Year’s eCommerce Grocery Sales. There’s a silver lining for at least one retailer amid the coronavirus pandemic. A new survey found that Walmart Inc., the nation’s largest retail store chain, saw its year-over-year online grocery sales explode last month to reach nearly $900 million, nearly twice the amount seen in March of 2019. Also Read: Google facilitates Pakistan during COVID-19 Chain Store Age (CSA), a New Jersey-based provider of retail news and…

Why Chinese luxury consumers are spending more at home? Chinese consumers have powered the expansion of luxury fashion brands for much of the past decade, now accounting for about one-third of luxury spending globally. But investor concerns that a slowing economy and bitter US tariff battle would dampen the country’s appetite for handbags and watches led to wide sell-off of luxury stocks in the second half of 2018. Those concerns now seem overblown. Last month,…

Crisis Puts Amazon & Ecommerce In The Balance Ecommerce is all about planning. It’s a carefully choreographed dance between manufacturing, warehousing, and selling. But what happens when Amazon – and the world in general – has gone off the rails? It’s the nature of eCommerce and Amazon that tactics constantly change, said Sarah LaVallee, VP of client success at the eCommerce agency Channel Bakers. “But we haven’t seen anything like this, where clients will have…

Pakistan can benefit from Chinese digital experience to develop e-commerce Pakistan can learn from experience of China to develop its e-commerce as there is a pressing need to promote use of digital payment service in the wake of recent outbreak of Covid-19. Pakistan can benefit from Chinese digital experience to develop e-commerce The State Bank of Pakistan (SBP) has recently issued a statement, listing a number of measures to reduce the need for visiting bank…

Coronavirus will boost ecommerce in the long run but brings new risks With stores closed, more consumers will shop online for the first time in new categories, particularly groceries and household essentials, say three investment professionals with ecommerce expertise. But risks include Amazon’s aggressive moves to take market share and the impact of consumers losing wages as the stock market plummets. The coronavirus will provide a long-term boost for online retailers—if they can stay in…

Ecommerce Operations Summit Postponed Due to Coronavirus – With the rapid escalation of the coronavirus situation in recent weeks, and in consideration of the Centers for Disease Control and Prevention’s most current recommendations, Ecommerce Operations Summit 2020 is being postponed until later this year at a date to be determined. We are keenly aware of the impact this is having on the entire ecommerce industry, and feel this decision will allow us to best serve…