The impact of COVID-19 on businesses around the world is profound. Many have gone into bankruptcy and others are struggling to survive and respond in ways that will help in the short term and the long. But responding well now is key to future survival. What’s more, the unique opportunities for change that the situation presents can competitively empower businesses….
Mainland China becomes the focus, e-commerce increases in importance and sticking to seasonality seems like a weakness. Brands are pointing to mainland China, where they hope shoppers that would otherwise be travelling might be convinced to spend more on luxury at home. Given concerns about visiting stores are likely to linger, e-commerce and digital platforms are more key than ever to…
Reports have begun to surface that Amazon plans to move forward with Prime Day in September, a two-month delay from the typical mid-July timing. While challenges from the surge in online shopping attributed to Coronavirus called into question whether or not Amazon would still have its sales event at all this year, the news that it’s likely to take place…
It comes as no surprise that retailers are struggling as COVID-19 continues to take its toll across the globe. With social distancing and lockdowns still in effect in many key cities, storefronts and shopping malls remain empty and closed as restless shoppers sit at home. Although the future of retail has always been uncertain, the industry has been heavily hit…
The company unveiled a business account and debit card called Shopify Balance, a “Buy Now, Pay Later” option called Shop Pay Installments, and a new Local Delivery product. Shopify also announced its AI-powered fulfillment network is now actively accepting merchant applications.
The announcements were made at Shopify Reunite, the company’s first virtual event. The Canadian company was supposed to host the fifth…
Marketers are watching — often without much influence — as commerce changes before their eyes. Beyond the obvious supply chain challenges, consumers are forcing brands and retailers to rethink the way their customers are enabled to shop, whether that be through contactless solutions like pickup and delivery, or via a hygienically modified version of the legacy in-store experience. In response,…
In the next era of ecommerce, you have two options: lose your hard-earned customers to the competition, or invest in building a brand that customers truly love. We all know how the story goes: the retail world is changing, and Amazon is the new sheriff in town. Big box retailers are shutting down stores, while digitally native brands are opening pop-up…