Tag: ecommerce

AI Is Re-Shaping E-Commerce. Here’s How To Use It To Free Your Time And Focus On Growth

Greta
AI Is Re-Shaping E-Commerce. Here’s How To Use It To Free Your Time And Focus On Growth

It is not easy to be an e-commerce entrepreneur currently. “This financial system is becoming a lot more hard, specially for Amazon advertising,” says Gary Huang, a veteran e-commerce entrepreneur and founder of the 7 Figure Seller Summit, a absolutely free on the net party from June 10-12, 2024. “It is really the markets maturing. It’s not as a great deal of a land get as it was right before. Product sales development premiums are flat this year.”

Enter AI. Lots of people who operate e-commerce companies, or want to start one, are dabbling in AI to leave behind lower-value, repetitive work and increase profitability at a time of heightened competition. The world wide e-commerce industry is anticipated to develop from $5.8 trillion to more than $8 trillion by 2027, in accordance to market place investigation firm Statista. As Shopify set it in a the latest report on e-commerce tendencies, “Being agile has under no circumstances been far more critical.”

But working with AI is not as uncomplicated as it seems, offered the abundance of new equipment to sort by, the flood of information and facts coming from all sides, and the learning curve, notes Huang

So how do you place AI to get the job done for you? Here are some thoughts Huang shared on how you can use it.

Smarter pricing: A lot of sellers are fearful to elevate their selling prices simply because they truly feel that they will lose their rank or competitors will undercut them, suggests Huang. AI can assistance. For occasion, profasee, an AI-run

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1 High-Growth E-Commerce Stock to Buy Now and Hold Forever

Greta
1 High-Growth E-Commerce Stock to Buy Now and Hold Forever

Amazon is one of the best-performing stocks of all time. The e-commerce and technology giant is up over 1,000x since going public by taking advantage of the huge consumer shift from in-person to online shopping (among other things).

It is still a great business, but at a market capitalization of $1.9 trillion it is highly unlikely to replicate the returns of the last couple of decades. This may be disappointing for new investors who have missed the boat on most of Amazon’s gains. But what if I told you investors could own shares in the next Amazon out of East Asia?

Enter Coupang (NYSE: CPNG). The South Korean e-commerce giant is taking its home country by storm and expanding to new markets. Here’s why it could be a once-in-a-generation investment opportunity at today’s price.

The Amazon of South Korea

Founded in 2010 as a Groupon clone, Coupang pivoted to copying Amazon‘s business model but catered to the South Korean market. It has a lot of similarities to Amazon’s retail operations — a subscription membership, vertically integrated shipping, video streaming — as well as things that help it win in the small Asian country. For example, it allows customers to leave reusable return boxes outside their doors to return packages, which are picked up by Coupang drivers.

It is these types of customer value propositions that have elevated Coupang as a leading e-commerce platform in South Korea. Last quarter, it generated $7.1 billion in revenue, up 23% year over year on a foreign currency neutral basis and excluding its acquisition of Farfetch. With the growth of its third-party marketplace for other e-commerce retailers, gross profit is growing much quicker and was up 27% last quarter excluding Farfetch.

These growth rates are much faster than the entire e-commerce market in

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Walmart (WMT) Q1 Earnings Coming Up: E-Commerce Steers Growth

Greta
Walmart (WMT) Q1 Earnings Coming Up: E-Commerce Steers Growth

As Walmart Inc. WMT is set to launch initial-quarter fiscal 2025 earnings on May possibly 16, it is well worth having a nearer look at the company’s e-commerce business, which has been an important contributor to revenues for a whilst now.

Walmart’s e-commerce small business and omnichannel penetration have been raising. E-commerce gross sales fashioned 18% of the company’s all round web gross sales in the fourth quarter of fiscal 2024 compared with 15% in the 3rd quarter. The expanding penetration demonstrates customers’ soaring inclination toward on line buying, as effectively as Walmart’s proactive steps to adapt to evolving sector dynamics.

The e-commerce phase is poised to perform a pivotal job in shaping Walmart’s efficiency during the impending quarter.

E-Commerce Paves the Way

Walmart carries on to be pushed by its sturdy omnichannel business, with retailer-fulfilled shipping and delivery gross sales up 50% in the fourth quarter of fiscal 2024. Impressive retail outlet proximity to consumers has permitted Walmart to use its merchants to satisfy e-commerce orders. The company has been taking various initiatives to boost e-commerce functions, together with buyouts, alliances, and enhanced shipping and delivery and payment methods.

Walmart has been innovating in the offer chain and including ability as very well as building firms this kind of as Walmart GoLocal, Walmart Link, Walmart Luminate, Walmart+ and Walmart Achievement Expert services. In its fourth-quarter earnings release, the firm introduced its deal to acquire VIZIO Holding to reinforce Walmart Hook up in the United States. Other notable strides in the e-commerce realm incorporate the buyout of a main stake in Flipkart, which has been bolstering its Global section. Walmart’s the greater part stake in India’s digital transaction system, PhonePe, is also really worth mentioning.

Walmart Inc. Price tag, Consensus and EPS Shock

Walmart Inc. price tag-consensus-eps-shock-chart | Walmart Inc.

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Tanking Profit Overshadowed Alibaba’s AI Growth And Reignited Domestic E-Commerce

Greta
Tanking Profit Overshadowed Alibaba’s AI Growth And Reignited Domestic E-Commerce
Tanking Profit Overshadowed Alibaba's AI Growth And Reignited Domestic E-Commerce

Tanking Financial gain Overshadowed Alibaba’s AI Expansion And Reignited Domestic E-Commerce

On Tuesday, Alibaba Team Holding Limited (NYSE: BABA) described its web earnings took very a dive during the fiscal fourth quarter, right after presently possessing a hard time during 2023 as it underwent its most significant-at any time corporate restructuring.

Fourth Fiscal Quarter Highlights

For the quarter ended on March 31st, Alibaba posted revenue grew 7% YoY to 221.9 billion yuan, which amounts $30.7 billion, as it boosted domestic e-commerce gross sales. But, Alibaba described its net revenue attributable to everyday shareholders tanked as substantially as 86% YoY to 3.27 billion yuan, which is about $452 million, attributing the lousy result to a web decline from investments in publicly-traded firms, in contrast to past year’s quarter when it designed a internet acquire.

Early signals of reignited e-commerce advancement.

While Alibaba is still grappling with cautious shoppers in China amid the economic slowdown, its main e-commerce enterprise has improved thanks to its aim on reduced-price items. Taobao and Tmall division that symbolize its e-commerce segment reported 4% YoY progress to 93.2 billion yuan, accelerating from former quarter’s 2% progress.

Buyer administration revenue which is composed of sales gained from expert services this kind of as marketing that retailers get from Alibaba, reported 5% YoY growth, also strengthening from currently being flat in the past quarter. Worldwide commerce business grew 45% YoY 27.4 billion yuan.

Cloud advancement fails to impress, but AI rose to the task.

The cloud computing division is having a hard time to shine. Very last year, Alibaba decided not carry on with the spinoff of the division that competes with Microsoft Corporation (NASDAQ: MSFT) Azure, Amazon.com Inc (NASDAQ: AMZN) AWS and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL)-owned Google Cloud. For the described quarter, Cloud computing introduced in 25.6 billion

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The 30 Under 30 Entrepreneurs Carving Their Own Niche In Asia’s Retail And Ecommerce Space

Greta
The 30 Under 30 Entrepreneurs Carving Their Own Niche In Asia’s Retail And Ecommerce Space

This year’s 30 Under 30 Asia: Retail & Ecommerce category features entrepreneurs who have identified gaps even in the most crowded markets.

Starting with a study abroad trip to the Philippines at age 11, Yoomee Hwang has traveled the world, visiting 37 countries across six continents. Over the years, family and friends back home would ask her to pick up favorite items from local shops—eventually Hwang saw a business opportunity, one that helped land her a spot on this year’s Forbes 30 Under 30 Asia list: Retail & Ecommerce category.

In her junior year at Yonsei University in Seoul, she sold suitcase-friendly (and customs-compliant) goods online, says Hwang. “I called it ‘hand-carry cross-border e-commerce,’” she recalls with a laugh. After finishing her degree in business and cultural studies in 2017, Hwang took the idea more seriously and with Junho Choi, 31, launched YOLO, a website to broker sales of goods brought back to South Korea by travelers.

When the pandemic grounded flights, Hwang was forced to pivot and in 2020 she launched online marketplace Croket. Within the first year, it listed 147,000 local products from 8,000 sellers (most migrated from the earlier website). Today Croket users in South Korea can choose among some 700,000 different items, from mango jelly sweets from Thailand to French handbags, from 25,000 sellers across 89 countries. Over 3 million people have downloaded the app and its cumulative gross merchandise value exceeds 155 billion won ($115 million), with YOLO taking a cut of sales. The Seoul-based company has raised about 6.3 billion won in funding so far from investors, including South Korea-focused Strong Ventures, to grow outside of South Korea and undertake new projects like a secondhand goods platform, says Hwang.

“Yoomee is young, and she looks

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As Rest of Retail Stagnates, Ecommerce is Hot. And what Walmart Said about this Phenomenon

Greta
As Rest of Retail Stagnates, Ecommerce is Hot. And what Walmart Said about this Phenomenon

Walmart US online sales +22%. It credits “convenience” of ecommerce for its success in attracting higher income customers.

By Wolf Richter for WOLF STREET.

Ecommerce sales in Q1 jumped by 8.6% year-over-year, to a record $289 billion seasonally adjusted. The rest of retail trade sales, not including ecommerce, ticked up only 0.3% to $1.53 trillion, according to data from the Census Bureau today. For the four-quarter period, ecommerce sales rose to $1.12 trillion.

Over the four years since the start of the pandemic, ecommerce sales have exploded by 90%, while the rest of retail trade sales (not including ecommerce) have increased by only 26%.

Quarter to quarter, ecommerce sales rose by 2.1% from Q4, seasonally adjusted, while the rest of retail trade sales, without ecommerce, fell 0.5%.

As Rest of Retail Stagnates, Ecommerce is Hot. And what Walmart Said about this Phenomenon

The share of ecommerce sales rose to 15.9%, the highest since the lockdown miracle of Q2 2020, as ecommerce continues to eat an ever-bigger slice of the retail pie:

The rest of retail trade sales without ecommerce has close-to-stagnated for nearly two years, after the pandemic spike, despite inflation and population growth. In Q1, sales rose only 0.3% year-over-year to $1.53 trillion, seasonally adjusted.

In a moment, we’re going to get to Walmart – the second largest ecommerce retailer in the US, but far behind Amazon – which reported earnings yesterday. Ecommerce sales at Walmart US soared by 22%, and without ecommerce sales, comp sales would have inched up only 1%, reflecting reality on the ground:

And here are sales at brick-and-mortar department stores. They do not include the ecommerce sales by those chains. There are only a handful of department store chains left, such as Macy’s. Over the past eight years, scores have been liquidated in bankruptcy court. J.C. Penney got bought out of bankruptcy by the biggest mall landlords so that

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