Saturday, April 27, 2013

eBay India e-Commerce

On an average day on eBay India: 
  • A mobile accessory sells every 1 minutes
  • A health or beauty product sells every 1 minute
  • A piece of home or kitchen product sells every 1 minute
  • A mobile handset sells every 2 minutes
  • A portable storage device sells every 2 minutes
  • A coin or a note sells every 2 minutes
  • A piece of apparel sells every 2 minutes
  • A car or bike accessory sells every 3 minutes
  • A piece of jewellery sells every 3 minutes
  • A watch sells every 5 minutes
  • A book or magazine sells every 5 minutes
  • A stamp sells every 5 minutes
  • A fitness & sports item sells every 7 minutes
  • A toy sells every 9 minutes
  • A home appliance sells every 9 minutes
  • A tablet sells every 12 minutes
  • A digital camera sells every 13 minutes
  • A pair of footwear sells every 14 minutes
  • A laptop sells every 17 minutes
  • A handbag sells every 22 minutes
  • A pair of sunglasses sells every 23 minutes
  • A TV sells every 26 minutes
  • A MP3 player sells every 29 minutes
With more than 100 million active users globally (as of Q4 2011), eBay is the world's largest online marketplace, where practically anyone can buy and sell practically anything. Founded in 1995, eBay connects a diverse and passionate community of individual buyers and sellers, as well as small businesses. Their collective impact on ecommerce is staggering: In 2011, the total value of goods sold on eBay was $68.6 billion -- more than $2,100 every second. 

Swedish e-Commerce scenarios

E-commerce growth in Sweden will be evident to trade, contractors, building owners and consumers according to a new study of the HUI Research Institute commissioned by GS1 Sweden. Calculating three different scenarios for e-commerce growth HUI researchers expects e-commerce's share to increase significantly from 5 to 13 percent in five years.
Food, furniture and building materials is expected to increase the most.

Consumers are the biggest winners when e-commerce is growing, as they get more choice and more deals to choose from. Physical commerce will continue to be the primary way to shop, but we will see a structural change, says Lena Larsson, CEO of HUI Research.
The acceptance rate of the consumers to get the wrong item or not being able to track the delivery will be low. Being able to scan bar codes in stores and order the item in the online store is quite possible today but the supply is limited.

GS1 is an international not-for-profit association with Member Organisations in over 100 countries.
GS1 is dedicated to the design and implementation of global standards and solutions to improve the efficiency and visibility of supply and demand chains globally and across sectors. The GS1 system of standards is the most widely used supply chain standards system in the world.

Wednesday, April 17, 2013

German multi-channel study

According to a new multi-channel study of the German ECC Cologne Institute in cooperation with Hybris the influence of online stores on retail outlets is increasing.
Credit: ECC/Hybris
German consumers rely increasingly on search engines and online stores before purchasing at retail outlets. Almost 58 percent of German consumers search directly in the online shop of the selected supplier. Austrian consumers use online stores for the selected supplier (74.4%) while in Switzerland in addition to these online shops (60.2%) also use search engines (51.1%)  before consulting a retail outlet.
The graph shows the impact of different channels on purchase behavior. 32,1 percent of purchase in physical shops are prepared by search in online shops and account for 50,2 percent of physical store revenue.

Thursday, April 11, 2013

Impact of E-Commerce’s on shopping malls

Torp Shopping Mall, Uddevalla
In his paper "Electronic Commerce’s Impact on Malls" Tobias Rönnberg Halvorsen, department of Real Estate and Construction Management at the Centre for Banking and Finance, Royal Institute of Technology, KTH, in Stockholm investigates the impact of e-commerce on shopping malls and how shopping malls should adapt to e-commerce in the future.
The author describes the the expansion of malls in Sweden where the number of malls has doubled in the last 15 years. In 2011 Swedish malls had revenues of over 622 billion SEK which approximately corresponds to 30 per cent of the entire retail market. Parallel to this development, Swedish e-commerce established itself on the market in the mid 90’s and started growing at the beginning of the new millennium. In 2003, e-commerce constituted about 1 per cent of the Swedish retail market. In 2011 the figure was 5 per cent. Even during the latest financial crisis e-commerce has continued to grow. According to the author e-commerce does not affect malls to any greater extent so far, because e-commerce is still a relatively small part of the retail market. But this might change over time if e-commerce will continue to grow. Malls should therefore start planning for a response and identify Internet and e-commerce as a complement and business opportunity.