It’s 2016 and the future of commerce is here! Over the past five years at Stitch, I’ve watched the commerce space constantly evolve and grow into an interconnected, omnichannel powerhouse. Every week, I’ve been putting together a roundup of what’s happening in the world of commerce for the Stitch team, and it’s about time I start sharing it with all of you as well.
At the end of every week, you’ll be able to come here to find the top commerce stories, as well as any interesting industry trends I’m seeing. So without further ado, let’s catch up on what happened this week in commerce:
- Firstly, whether you’re an Amazon fan or not, case studies will be written for years about how they’ve put an all out assault on the retail industry. It’s fascinating to see how they operate and even though they fail from time to time, when they win, they win big. I don’t see that changing any time soon. It won’t be long before we see Amazon delivery trucks pulling up to homes for more than just grocery delivery.
- Amazon keeps their third-party seller information pretty close to the vest. These independent survey results from webretailer.com gives you a great peek under the tent about what’s important to Amazon sellers and how they operate. A few of the biggest number you can’t miss include:
- 47% of Amazon sellers use an inventory management system and 21% plan to adopt one this year. Find out why.
- 77% of Amazon sellers sell on other marketplaces. Those that use Stitch can experience a 190% bump in revenue. Learn more about multichannel selling.
- Etsy’s stock has taken it on the chin since their 2015 IPO. It will be interesting to see how the company responds. As a partner of theirs, we have a lot of respect for what they’ve done to help change the way small businesses operate and look forward to a better 2016.
- While we didn’t see the predicted growth in holiday eCommerce during 2015, it wasn’t due to a shortage in mobile. We’ll continue to see mobile growth in this and many years to come. We’ll also be releasing our own holiday season data report next Tuesday so stay tuned for even more data findings!