With an average growth rate of 19% in 2012, the e-commerce market in Central Europe is showing a promising development in line with the European average of 19.9%. It reached a volume of €75.9bn. For 2013, the region’s e-commerce market is projected to increase with 23% and reach €93.3bn. This is revealed by the latest report on B2C e-commerce in Central Europe released by Ecommerce Europe
In the past financial year the Otto Group generated online turnover of over 6 billion euros worldwide according to initial forecasts, some 400 million more than in the previous year. Through its ‘Mobil First’ initiative the retail and services group intends to benefit from the growing trend towards smartphones and tablets and to generate half of its online traffic via these mobile terminals by 2016.
Amazon is once again taking steps to broaden its presence on the European food market. The British subsidiary Amazon.co.uk has concluded a contract with Mexican food producer mexgrocer.co.uk in order to sell its products through its website.
Overstock started accepting Bitcoin payments in January, and has since then seen transactions with the virtual currency leap. According to Techcrunch, 4,300 customers paid for over $1mn worth of purchases with Bitcoin. Techcrunch cites estimates that almost 60% of those are new customers to Overstock.com.
Consumers don’t trust and don’t use social networking sites when it comes to e-commerce, new research for YouGov shows. The “E-commerce: Trust in Online Transactions” report shows that over half (55%) of online shoppers say a store having a presence on a social networking site makes them trust the retailer less, while just over a quarter (27%) say it makes them trust it more.
The study shows a wide gap in success among organizations that have implemented comprehensive mobility strategies and those that have not. "Mobile enterprises" defined as trendsetters with a mobility strategy and technology roadmap, clear success metrics, and an overall governance plan that integrates mobility achieve demonstrably better results than organizations that have limited or piecemeal strategies.
Australia’s e-commerce spending increased to $14.9 billion for the year to January 2014, or by 11.3%, now representing around 6.5% of traditional retail spending. This is revealed by the recent edition of National Australia Bank’s (NAB) Online Retail Sales Index: Indepth & Special report – January 2014.
India's e-commerce potential is growing rapidly, and, according to Techcrunch, Walmart wants to get even more out of the market now, building a new marketplace. The Indian e-commerce market is speculated to increase its volume to $ 22 billion within the next seven years.