IG International announces the launch of their e-Commerce platform
Online retail sales jump 20% due to impact of coronavirus
The Coronavirus is changing the way people shop, with the restrictions on movement and health fears driving an increase in spending online. Analytics platform Contentsquare published a report based on its analyses of 1.8 billion user sessions and 50 million transactions on 1,400 websites worldwide between the weeks of February 16 and 23. The study compared the conversion rate, the number of transactions, the number of visits, the length of sessions in order to analyse changes in consumer behaviour online during the two-week period.
Online grocery sales grow 15% to $48bn
The global e-commerce grocery market has grown 15% in the year to this June, reaching sales worth US $48 billion.
In comparison, the FMCG market as a whole is flat, increasing just 1.6% over the same period.
And e-commerce now accounts for 4.4% of all FMCG sales, according to the new 3rd annual Kantar Worldpanel study The Future of E-commerce in FMCG.
How to win in both online & conventional retail
Fruit and vegetable consumption may be declining in Europe but as highlighted at the ‘Tomatoes, trends towards 2020’ conference in Antwerp in April, the market value of tomatoes has nevertheless risen.
The reality is that sales can be boosted via tastier, more convenient varieties that increase consumer satisfaction.
And more sales can also be achieved through online shopping.
Insights into food retailing in Japan
About 23% of household spending in Japan is on food. It's a country where tastes and preferences are heavily influenced by cultural, societal and environmental drivers. Japanese culture, for instance, places strong emphasis on the four seasons, which is reflected in changes in purchase habits and gift-giving patterns over the year.
Trends in food retail in Russia
Grocery remains one of the sectors least affected by the macroeconomic and political situation in Russia. That’s mainly because it offers basic products of high necessity and the market’s growth is supported by the increasing sales value of large area store chains which are continuing their expansion in Russia.
But even so, a new USDA GAIN report on retail foods in the Russian Federation says over January-September 2015, Russian retail sales turnover fell 8.5% year-on-year (in comparable prices) reaching $338 billion in value terms and food sales were down 8.3% to $165 billion.
Waitrose plans to open 14 new branches in 2016
DIA expands its online business in Barcelona
DIA has expanded its online shopping business with the launch of an online platform in Barcelona,
In a press release, DIA said that having rolled out this experience in Madrid and Málaga, it is now making its online business available to reach a potential 4 million consumers in Barcelona.
CAGR of 63% in line for India’s online grocery market to 2022
India’s online grocery market is still in a nascent stage and primarily confined to Tier 1 cities, says New Delhi-based market intelligence centre 6Wresearch.
And the hyperlocal model (which usually features on-demand delivery) is growing faster than the ‘pure-play’ one (such as businesses that focus only on e-commerce) in India, it says in a recently published report summary.
The new face of grocery retail in Spain
Spain is slowly recovering, but its five years of economic recession have left a lasting impact on its retail sector and consumer behavior. Shoppers are now more price-conscious and retailers have had to adapt to the increasing importance of convenient locations and the incipient threat from low-cost retail formats.Those are among the observations in a new USDA GAIN