PayPal has announced it is to invest an additional US$300 million in new products and improvements as it seeks to capitalize on the massive growth of ecommerce The new investments, announced by PayPal CFO John Rainey after their second quarter results, follow a huge surge in new users. Following the impact of Covid-19 and the…
The Quebec based company have posted an increase of profits at 18.5% for its third quarter, with food sales expected to continue rising due to a resurgence in home cooking Online grocery sales have quadrupled for the quarter, in comparison to the same time frame last year, as Metro saw its total revenue for the…
Intuit Canada, a leading global financial platform company, has joined with Digital Main Street to help 50,000 small Canadian businesses move online and develop their ecommerce presence to help recover from the effects of Covid-19 “Now more than ever, digital transformation is key to small business success,” said David Marquis, Country Manager of Intuit Canada.…
The data, collected by Statistics Canada, shows the large growth of ecommerce over the last 5 months For May, online sales came to C$3.8 billion in total, a 112% increase on online sales in May of last year. This figure does not include sales at online-only U.S. stores such as Amazon The ecommerce boost…
It’s time to support our local business, it’s time to shop local! This year has been especially tough on local businesses in Oakville Downtown. We have faced unprecedented times, which none of us in the community could have predicted. The impact on our local businesses has been huge. Combined with the redevelopment of Lakeshore Road,…
If anyone at the start of this year could have accurately predicted how 2020 would unfold, I think it is fair to say that almost all of us would have taken the news with quite a bit of skepticism. But as the pandemic continues, this extraordinary series of events has come to play with massive…
The new side platform, named OnZoom, is being launched in beta with online, live events for fitness, art and music, among others, allowing users to charge for the “online experiences” provided Tickets can be sold to up to 1000 attendees and is being trialled at different prices ranging from a free version to $50 USD…
Loblaws has seen a massive increase in ecommerce, as it rises 280%. From the start of year to the end of July, the company had online sales of C$1.2 billion. The amount is across their grocery, pharmacy and apparel platforms. The company have said experts see a continued growth in their ecommerce and our expanding…
Latest research from Mintel has found that 4 out of 10 Candians (37%) were shopping more online by mid April as the Covid-19 pandemic accelerates ecommerce growth 22% of those asked also said that they were shopping more online because of the pandemic, in an effort to avoid physical stores Mintel’s research also shows…
Walmart Incs has recorded its biggest ever growth in online sales this week as shoppers move to ordering groceries online due to the effects of Covid-19 Ecommerce sales rose a total of 97% for the quarter with gross margins increasing 24.9%, far higher than expected Total revenue rose just over 5% to US$137.74 billion, despite…
If anyone at the start of this year could have accurately predicted how 2020 would unfold, I think it is fair to say that almost all of us would have taken the news with quite a bit of skepticism. But as the pandemic continues, this extraordinary series of events has come to play with…
Canada Post has said that through April and May the agency was struggling to deal with the massive increase in deliveries as people turned to ecommerce for products Jon Hamilton, spokesperson for Canada Post said “We saw parcel levels that we would normally only see around Christmas — we would deliver up to two-million…
Affirm allows for customers to pay for products in instalments. “Shop Pay Instalments” will be rolled out later this year and allows for payments to be broken into four equal bi-weekly segments. Affirm CEO Max Levchin, who is also one of the founders of PayPal, said that they had seen “unbelievable traction on Shopify…
In findings released by Statistics Canada, the year over year total for June was at an increase of 70.6%, whilst ecommerce sales had yet to drop to below the pre-pandemic levels However, when compared to prior months, online retail revenue has dropped 13%, when adjusted for basic seasonal effects Overall, ecommerce sales reached C$3.2 billion…
The social media giant has announced a new tool which will run for a year, which allows users to create online classes and set up paid events, as well as taking 100% of the revenue – unless on iOS, where a 30% tax is imposed by Facebook With the free-to-use tool, hosting, promotion and payment…
