Ecommerce sales in a range of sectors, including retail, furnishing, food, sporting goods and health and personal care have all risen as physical sale counterparts still struggle The findings, researched and collected by Statistics Canada, show that the average Canadian consumer is being cautious of returning to physical stores As many elect to stay away…
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…
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…
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…