With holiday online sales increasing every year and mall traffic declining, there’s no doubt that the future of retail is in the digital. But while ecommerce numbers are still going strong, new reports are showing that consumers, particularly millennials, are no longer that interested in material products, and would rather spend their income on live experiences.
It’s been a busy holiday shopping season so far. To date, U.S. shoppers spent $29.7 billion online over the entire holiday season. Amazon once again dominated online commerce; however, eBay and several traditional retailers made significant digital sales, largely driven by improved mobile shopping experiences. Amazon also announced their foray into physical retail through their technology-powered brick-and-mortar store, Amazon Go.
QuickBooks is the standard accounting software for millions of small businesses. It’s relatively cheap and easy to learn, and is built for small companies that have very basic operational processes and reporting requirements. But as their business grows, most companies will outgrow QuickBooks and will need a more robust platform to scale operations and provide necessary reporting and month-end closing. Unfortunately, most companies stay with Quickbooks way too long, to the detriment of their business growth.
Jazva launched several important product updates this month that will increase your sales reach and boost your operational efficiency. We added two key integrations – Walmart Marketplace and Amazon Vendor Central. We also improved a few important functions including product admin, CRM, shipping and order processing.
With the holiday season fast approaching and consumers eager to find great deals, Amazon and eBay are bolstering their respective platforms for the busy shopping rush. Amazon has started filing lawsuits against counterfeiters, while eBay recently updated their app to incite and personalize holiday shopping. In 2015, Cyber Monday sales topped $3 billion; analysts predict similar or better sales this year.
There’s no question that Amazon dominates the ecommerce market in the U.S. This is largely driven by Amazon Prime, the standard for online shopping convenience. New data, however, suggests that Amazon may be reaching its limit. As a result, Amazon is focusing on expanding in other areas, such as video production, logistics, and tapping into larger ecommerce markets such as China and India.
Jazva is excited to announce our latest product updates, including major channel integrations and UX improvements to further streamline your operational processes and boost your efficiency. Based on your valuable feedback, we will be updating several important admin pages throughout the platform over the next several months. A new Jazva experience is coming soon.
With Amazon Prime setting the standard for convenience for buyers and higher sales for sellers, more and more sellers are signing up to join Amazon’s Seller Fulfilled Prime program. While there are many benefits to Prime-badging your products, maintaining a 2-day shipping order fulfillment can be costly without the right systems in place.
With the holidays fast approaching, Amazon and eBay are preparing to meet the demands of today’s shoppers. Amazon has restricted new merchants from using FBA, while eBay is attempting to woo new customers through recent applications of artificial intelligence and social commerce.