E-commerce revenues are forecast to shrink for the first time ever, according to the latest forecast from Statista Digital Market Outlook. Supply chain issues are the largest single weakening factor, with inflation also playing a significant part in the downward revision. The widely expected global recession and subsequent increases in unemployment leave the e-commerce sector […]

You’ve undoubtedly been researching many options before deciding that Magento is the ideal ecommerce platform for your company. Because of its versatility, scalability, and powerful capabilities, Magento has been justifiably acknowledged as the market leader. However, you should consider all of your possibilities before committing to one and ordering Magento development services. Learn about the […]

E-commerce revenues are forecast to shrink for the first time ever, according to the latest forecast from Statista Digital Market Outlook. Supply chain issues are the largest single weakening factor, with inflation also playing a significant part in the downward revision. The widely expected global recession and subsequent increases in unemployment leave the e-commerce sector […]

Wayfair reported 55% sales growth as families spent heavily to furnish living rooms and other parts of the house. Wayfair has reportedly cut about 870 employees, or 5% of its global workforce, as part of a plan previously announced by the home goods company to manage operating costs and realign its investment priorities after the […]

Representative Image E-commerce company Wayfair CEO Niraj Shah has fired 870 people, or 5 per cent of the company’s global workforce, as growth it anticipated has not materialised this year. In a memo, Shah said that the US-based company was “seeing the tailwinds of the pandemic accelerate the adoption of ecommerce shopping, and I personally […]

Amina Hammou SARASOTA, Fla. — Niche Internet retailer JMX Brands has named Amina Hammou as coordinator of Eco Friendly Digs. She will be responsible for overseeing and developing the Sarasota-based company’s most recent e-commerce store at ecofriendlydigs.com . “Amina Hammou’s impressive educational background and achievements in e-commerce and project management indicate she is the right […]

JD Duarte explains what is driving changes in the Latin American eCommerce market and what’s in store for the future. Latin America is a great revelation for local and global eCommerce that want to take advantage of a market in which eCommerce is expected to grow by 30% every year until 2025. Recent research by […]

The onboarding of major new customers is expected to show a meaningful ramp-up in the Web3.0 and 3D modeling revenue in the final two quarters of 2022, Nextech said Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF) has reported its financial and operating results for the second quarter ending June 30, 2022, showing continued record growth in […]

South Korea is a titan in the world economy, exploring the cutting edge of technology, finance, automotive and retail through household brands like Samsung, LG and Hyundai. Its eCommerce market, in particular, is a world leader, clocking in as the sixth largest in the world with an annual revenue of $92 billion. Foreign companies looking […]

Q2 delivered 30% Sequential growth in Annual Recurring Revenue to almost $1 million Q2 showed a record 40% growth in Web3.0 3D modeling revenue Record Q2 Annual Recurring Revenue And Repeat Revenue at $1,566,000 Q2 cash burn decreased to $1 million per month, the Company expects an expense reduction of $500K/month in the 2nd half […]