E-Retail is where many businesses are turning to for growth. Many customers are seeking to save as many cents as they can, including when it comes to making their purchases. Retail companies are doing the same and e-retail is how to get it done. It is a great combination between retailer and consumer, in which every one is winning.
As a result, it is reported by Internet Retailer that e-retail sales increased 16% in the second quarter of this year. These figures were gathered from web measurement firm comScore Inc. The figures for US online spending rose to $49.84 billion for the quarter, versus $43.15 billion in the same quarter in 2012. This increase follows a great start during the first quarter of the year with a 13% growth as well. This also marks the 15th consecutive positive quarter for e-commerce growth and the 11th consecutive quarter with double-digit growth.
Interestingly enough, the report showed that consumer spending via smartphones and tablet increased 24% this quarter, versus last year. This equates to $4.7 billion for the quarter. Coined as mobile commerce, or m-commerce, was measured and provided by comScore only for the second time. The company only started reporting the figures in the first quarter this year.
This growth set the pace for the entire year and the remainder of it will more than likely be no different, especially with the holiday season approaching. In the report, comScore chairman Gian Fulgoni stated, "increased spending growth for the quarter not only reflects the long term share shift towards digital commerce, but also the near-term signals of sustained improvement in consumer sentiment. This strength is particularly significant since the second quarter tends to be seasonally lighter for e-commerce, and, as such, represents a positive indicator for the back half of the year.”
As the year moves on, there may be new strategies e-retailers put in place to grab as many shoppers as they can. One online retail strategy retailers are implementing is same-day delivery, making it hard for consumers to resist their online deals. Large companies, such as Wal-Mart, Target, Macy’s, eBay, and others are all testing same-day delivery on various levels throughout the US. Many experts agree that even Amazon is building distribution centers closer and closer to its’ shoppers, enabling the retail giant to support some type of same-day delivery solution.
There is no doubt a developed order fulfillment strategy is going to be key in the months ahead. Same-day couriers such as A-1 Express are superior as they come regarding getting your online products into your customers’ hands fast. A-1 Express has a national footprint as well, positioning the Los Angeles Courier to meet any retailer same-day delivery needs. A-1 Express can develop a complete nationwide courier logistics solution that fit your e-commerce goals. The expectations are high in e-retail and there would be nothing better than to partner with A-1 Express to compete in the months to come.
Reference: Internet Retailer, Thad Reuter, E-retail rises 16% in the second quarter