Alibaba’s quarterly earnings: The ecommerce giant posted strong growth in its retail and global businesses, even though we expect its share of China’s total ecommerce sales to dip slightly this year.

Alibaba’s quarterly earnings: The ecommerce giant posted strong growth in its retail and global businesses, even though we expect its share of China’s total ecommerce sales to dip slightly this year.

Following a major shift to online retail in 2020, retail ecommerce sales will continue to grow by double digits through 2023 and make up an increasing share of total retail sales worldwide.

Retail Ecommerce. Maturity, Iteration, and Market Sizing. Amazon’s online retail sales are growing faster than total ecommerce sales in the US. By our estimates, Amazon’s US retail ecommerce sales—including both first-party and third-party sales—will total $386.40 billion in 2021, accounting for more than 40% of the nearly $1 trillion in online retail sales this year.

HDE has estimated that 50,000 of Germany’s physical retail businesses will close by the end of 2021, and many of those could serve as pickup points or delivery microhubs, for example. “Areas of [retail] properties could be repurposed,” Rachel Gilbey, managing director for general merchandise at logistics company Wincanton, told the UK’s Interactive Media in Retail Group (IMRG).

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Then, in 2015, Amazon created its own shopping holiday, Prime Day, now a multiday event that generated $11.19 billion in sales worldwide for the company in 2021, according to Digital Commerce 360. We forecast that the number of US Amazon Prime households will reach 81.4 million in 2021, up 4.8% year over year (YoY).

Social commerce is rising rapidly worldwide. But to what extent can the US market mirror that of China, the world leader in social commerce?

Although BNPL is flourishing, intensifying competition might push providers into new global markets and sectors outside of traditional retail to sustain their growth.

In terms of the brand's perspective, we definitely tested retail. We did a pop-up shop or two and worked with [Gwyneth Paltrow's wellness brand] Goop on some holiday stores. Additionally, we worked with [corporate gifting company] New Stand in New York. We tested quite a few small retail outlets and saw that we were really high-producing in those environments.

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India’s painful and ongoing struggle with the coronavirus pandemic will lead to a second consecutive difficult year for brick-and-mortar retail sales. At the same time, the public health anxieties constraining overall retail will continue pushing consumers toward digital solutions. We anticipate an extended boom for ecommerce in India, including 27.0% growth this year, for $66.76 billion in sales.

Canada and Singapore both saw growth of over 70%, skyrocketing past the global average of 25.7%. More like this:. Audio: The next major challenge for grocery, marketers' social strategies, and Reels gets ads. Article: US sales on Prime Day break $11 billion, Adobe Analytics data shows. Article: India proposes tighter ecommerce rules targeting Amazon and Flipkart.

Even as total worldwide retail sales declined by 3.0% in 2020, retail ecommerce growth boomed to 27.6%. Ecommerce growth will decelerate substantially in 2021 to 14.3% as brick-and-mortar sales recover.

Sweden-based Klarna is finding success in the US while quickly expanding its global footprint. Klarna reported having 11 million US consumers in November 2020, up 106% YoY, as well as 2 million monthly active app users. Its US merchant base also counted 5,500 US retail partners as of November.

Even as the U.S. starts to open up again, consumers are still shopping online, and Shopify, a leading commerce platform that lets merchants manage their online retail operations in-house, is well positioned to capture the growing online market as it continues to strike new partnerships.

The retail industry is transforming at both physical stores and in digital. This report examines 10 trends that will most shape retail in the year ahead.