Each week we gather the top three eCommerce news items of the week. Here’s what stood out for us this week!
Retail sales have grown at the strongest rate in May since the Covid-19 pandemic. Total sales increased 10 per cent in May compared with the same month in 2019, according to the BRC-KPMG Retail Sales Monitor.
“Although some spend has migrated to the high street, there was still high penetration of online spending in May, reinforcing the view that the pandemic has seen a step-up in online activity as some consumers maintain their use of this channel out of habit and choice, and some remain nervous about venturing back into stores.” Read the full article here.
Ikea and Lenovo are among dozens of retailers with stock still stuck on the Ever Given cargo ship two months after it was removed from the Suez Canal.
The Ever Given, which blocked the Suez Canal for six days in March incurring billions of dollars of lost trade, is now caught up in an extended legal battle with Egyptian authorities. Egyptian authorities have impounded the Ever Given in the Suez Canal’s Great Bitter Lake after filing a $916 billion compensation claim against the ship’s Japanese owners Shoei Kisen Kaisha. Read the full article here.
Amazon’s highly anticipated Prime Day is expected to generate up $11 billion in sales over the weekend according to Adobe.
This would mean that Prime Day would rival Black Friday and Cyber Monday as the biggest ecommerce sales event in the calendar. Last year, Amazon sold $10.4 billion worth of goods, and Prime members collectively saved over $1.4 billion on Prime Day.
“Prime Day has become “this massive shopping holiday, driven by Amazon but also driven by others in the space who are taking advantage of consumers’ mindsets being shifted to shopping” Adobe Digital Insights director Taylor Schreiner told Forbes. Read the full article here.