LONDON: Saudi spending habits have been revealed in research showing half of the Kingdom’s consumers shop online at least every week.
Some 24 percent of those surveyed shop online two to three times a week while 11 percent shop daily, according to research from Podean.
Online shopping has boomed this year as pandemic-related lockdowns have closed shops. Now some online retailers fear delays in the run up to the busy year-end festive period as delivery companies become overloaded.
“The pandemic rapidly accelerated the already fast growing adoption of online shopping in Saudi Arabia, with consumers who were slow to adopt…
This season, holiday sales are expected to hit at least $942 billion dollars, which is a 6% increase from last year, according to the National Retail Federation. But with online shopping and earlier sales, does Black Friday still hold the same power in holiday shopping as it has in the past?
Kristen Gall, the president of the cash-back app Rakuten Rewards, says Black Friday “is not dead” but instead that “it’s just changing a lot.”
“A lot fewer of us are willing to go to the stores on Black Friday and fight people and use our elbows,” Gall said.
The…
The Steinhoff-owned value retailer will wind down its ecommerce site over the next few months, but still retain an online presence.
“The amount of customers wasn’t that great that were using it [the website] as a proposition and the amount of returning customers wasn’t as high as we would have liked to have seen”
Barry Williams, Poundland trading director
Poundland’s ecommerce service was launched in September 2015, offering around 2,000 items. Delivery cost £4 on orders under £50.
Speaking exclusively to Retail Week today, Poundland trading director Barry Williams said the decision was part of a “tidying…
Shop Circle’s suite of e-commerce solutions delivers a one-stop-shop of cutting-edge technologies to online brands.
LONDON, Sept. 6, 2023 /PRNewswire/ – Shop Circlethe one-stop-shop software provider for e-commerce brands, announced the successful completion of its Series A funding round, raising $120 million. The round was led by 645 Ventures and 3VCwith notable participation from previous backers QED Investors and NfXwith the credit facility provided by i80 Group. The funding was raised through a strategic combination of equity and debt.
Shop Circle Raises $120 Million in Series A to Build the Leading Software Suite for E-commerce Brands – Snapshot People LTD…