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Online holiday sales grow north of 45% in 2020

In a pandemic-fueled year, digital sales for November-December rose at more than triple the year-over-year rate for the 2019 season. More than $1 in $4 spent on retail purchases for the period came from online orders—an astounding jump in digital penetration.

Bed Bath & Beyond to sell Cost Plus World Market

Plus, Adidas AG has begun a review of whether to sell its Reebok brand, part of the development of the German sports company’s new five-year strategy.

Retailers shuffle executives ahead of the new year

Dick’s Sporting Goods, CVS and Victoria’s Secret name new leaders. Plus, other ecommerce news from Macy’s, Walmart and Chinese cosmetics company Yatsen Holding Ltd.

Digital natives ramp up deals for Cyber Monday

Of the 77 DNVBs in the Top 1000, 71.4% offered a discount on Cyber Monday. But, they are still less likely than top online retailers to offer holiday discounts, and the discounts offered are often not as large.
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Home Depot buys back HD Supply for about $9 billion

The Home Depot is out to compete more with online sellers including W.W. Grainger and Amazon Business by targeting the market for industrial maintenance, repair and operations products with an agreement to purchase HD Supply, a national MRO distributor it sold years ago. “The MRO customer is highly valued by The Home Depot,” Home Depot CEO Craig Menear said today.

Online holiday shopping benefits from another COVID-19 surge

For the first 10 days of the holiday shopping season, U.S. consumers spent $21.7 billion online—a 21% year-over-year jump, according to Adobe Analytics. This likely stems from the fact that 63% of consumers are avoiding stores and buying more online, with health concerns due to the pandemic driving that decision for 81%, according to a new survey.

Amazon’s share of US online retail revenue dips slightly in Q3

Despite a 39.3% increase in North American revenue in the third quarter, Amazon’s share of the dollars spent online by U.S. shoppers declined slightly in the third quarter to 23.1% from 23.6% in the second quarter, according to a Digital Commerce 360 analysis. That dip reflects the sharp ecommerce growth of other retailers.

What have the top ecommerce technology vendors been up to?

And how are those vendors helping online retailers? The 2021 Leading Vendors to the Top 1000 Report explores just that. It also ranks the Top 10 vendors based on their number of clients in the Digital Commerce 360 Top 1000 across 24 vendor categories, uncovers exclusive results from a Digital Commerce 360 technology survey of e-retailers and much more.

Makeup box startup Ipsy acquires competitor BoxyCharm

Ipsy and BoxyCharm will operate as separate brands in a merged company called BFA Industries, short for “Beauty For All.” Terms of the deal weren’t disclosed.
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