In this edition, McFadyen Digital announces the appointment of Jon Reily as the new President of the company. ECommerce Fastlane digs into how ecommerce brands can capitalize on the booming home improvement market. Today quick commerce is fast becoming ubiquitous for many millennial and #GenZ households according to Retail.com. Read these plus more notable articles from NY Times, The Wallstreet Journal, Digital Commerce 360, and Retailwire. #ecommerce #commerce #digitalcommerce #onlinemarketplace #digitalmarket #retail #shoppable #marketplace #newsletter
McFadyen Digital Appoints New President Jon Reily
McFadyen Digital, a global leader in digital commerce and online marketplace solutions, is excited to announce the appointment of Jon Reily as the new President of the company. Before joining McFadyen Digital, Reily held senior executive roles at global digital marketing powerhouses Bounteous, Dentsu International, and Publicis Groupe where he worked with world-wide retailers and brands to advise and counsel how best to transform themselves digitally. In the role, Mr. Reily will help lead McFadyen Digital’s expanded business offerings as they help B2B and Retail clients orchestrate and monetize an increasingly diverse commerce channel mix.
Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024
Amazon reported its highest first-quarter profit on Tuesday as it continued to wring efficiencies out of its retail business and recharge growth in its cloud computing operations. The company was also for the first time on track to have $100 billion in annual cloud computing sales. The company had $143.3 billion in revenue in the first three months of the year, up 13 percent from a year earlier. Profit more than tripled, to $10.4 billion. The results beat analysts’ expectations.
Millennial, Gen Z homes spur Q-commerce growth
Two years ago, people laughed off the concept of quick commerce or instant deliveries. Some even asserted that consumers do not need products in 10-15 minutes. Today, however, quick commerce is fast becoming ubiquitous for many millennial and Gen Z households. Companies have moved beyond groceries to deliver items ranging from fans and T-shirts to jewelry and iPhones.
How Online Shopping Is Saving the Bricks-and-Mortar Store
Store owners once viewed e-commerce as a mounting threat to their survival. Now, more bricks-and-mortar stores are thriving after integrating their properties with the online shopping experience. Shoppers browse in person to see, touch or try on items before ordering them online. They are picking up or returning purchases in stores. And retailers are increasingly relying on their shops as fulfillment hubs, shipping items ordered online from store stockrooms in addition to warehouses.
B2B ecommerce to help grow manufacturing, distribution sales in 2024
After only what can be called a lousy 2023 sales year for U.S. manufacturing and distribution, things are slowly looking up in 2024. And the comeback will be driven mostly by B2B ecommerce and transformation. In 2024, B2B ecommerce sales will increase by 16% and total $2.641 trillion, up from $2.276 trillion in 2023, based on a projection from Digital Commerce 360.
Is E-Grocery Entering a New Phase of Growth?
U.S. online grocery growth is expected to significantly slow but still outpace in-store growth by three times over the next five years, according to Brick Meet Click’s new U.S. eGrocery Sales Forecast. The report, sponsored by Mercatus, predicts that overall grocery sales in the U.S. will expand at a compound annual growth rate (CAGR) of 1.6% from 2023 through 2028. Growth averaged 5.6% over the five years ending in 2023, elevated by the pandemic and inflation.
How Ecommerce Brands Can Capitalize On The Booming Home Improvement Market
The home improvement industry is experiencing a significant shift towards ecommerce, presenting a wealth of opportunities for direct-to-consumer (DTC) brands. As consumers increasingly turn to online channels for their home improvement needs, entrepreneurs and marketers must adapt their strategies to stay competitive. By leveraging the latest trends and insights, ecommerce businesses can tap into this thriving market and drive sustainable growth.
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