Continuing with our Weekly Wrap Up series, we bring you a compilation of articles and news from the world of eCommerce. Big News! Ebay’s PayPal acquired payment gateway Braintree, Warby Parker expands their eCommerce strategy to now include biricks & mortar stores. Google puts the pressure on eBay and expands its Same-day Delivery Service, Canadian retail continues to grow and is expected to generate about $33.8 billion by 2018, its no wonder why Lands’ End has created an eCommerce site for Canadian shoppers. Christmas in October? Find out why retailers are setting their sites on holiday shopping so early in the season. Check out the post below to read more!
PayPal Acquires Braintree
Article: Ebay’s PayPal Acquire Payments Gateway Braintree for $800M in Cash
Source: Tech Crunch
Ebay’s PayPal has acquired Chicago-based payments gateway company Braintree. Braintree powers and automates online payments for merchants and companies online. This acquisition will allow Braintree to expand its prospects. “The alignment with PayPal means Braintree can continue to push the boundaries of innovation and expand into new markets with more speed and confidence.” Braintree has become a one-stop-shop for all the services a business needs to receive payments from anywhere in the world.
The Convergence of Brick & Mortar and eCommerce
Article: Warby Parker: The Future of Retail Is Bricks and Clicks Convergence
Source: Advertising Age
Eyewear maker Warby Parker stopped by Advertising Week and shared some insight into the future of retailing. Co-CEO Neil Blumenthal says, “The future of retail is the convergence of brick & mortar and eCommerce”. Warby Parker started out as an eCommerce retailer with the vision of solely connecting with consumers online. However, in the last four months Warby Parker has modified its business model to include brick and mortar stores in order to enhance its retail presence. As a result of the company’s converging new retail strategy, Warby Parker is able to give consumers a holistic shopping experience.
Google Expands Same-Day Delivery Service
Article: Google Puts Pressure on eBay, Expands Same-day Delivery Mercury News
Source: Mercury News
Five months after Google unveiled an experimental same-day delivery service for parts of the San Francisco, Bay Area, the Internet giant is preparing to expand its same-day delivery service more shoppers across the region. Google will offer same-day delivery to San Francisco, Peninsula & San Jose. This strategy has allowed eBay and now Google, to corner a portion of the retail market that Amazon has not done so already. “Amazon can get you almost anything under the sun in one or two days,” said Matt Nemer, a retail analyst with Wells Fargo. “But Amazon doesn’t have one- or two-hour delivery. This is an attempt to beat them to the punch.”
Lands’ End Launches Canadian eCommerce
Article: Lands’ End Opens a New Online Store for Canada
Source: Internet Retailer
Canadian eCommerce sales are expected to grow 10% annually over the next five years generating about $33.8 billion by 2018. With Canadian eCommerce on the rise, it’s no wonder why companies are launching Canadian eCommerce sites. Lands’ End a unit of Sears Holding Corp. has launched a new eCommerce site for Canadians. Online shoppers visiting LandsEnd.com will now see pricing in Canadian dollars along with full cost of shipping. Canadian shoppers get free shipping on orders of $50 or more.
Christmas in October
Article: Christmas in October
Source: Internet Retailer
The leaves have just started to show the first signs confirming the end of summer and the start of fall. But retailers are already fast forwarding through the season and getting ready for Christmas! This year, there are 25 days between the day after Thanksgiving (Black Friday Nov 29) and Christmas. So what’s the significance? Customers have only four, not five full weekends to shop for gifts. Although market researchers predict double-digit growth in the U.S for online retail sales, retailers have a reduced window of time to capture peak holiday spending.