When Nike sells eCommerce rules, we won’t be buying anymore
The global e-commerce market has shrunk by $1.2 billion over the past year and a half, according to research firm iSuppli.
While it’s a huge number, it’s still a drop in the ocean compared to what it was in 2015.
In a report, iSupplo said that the decline in e-Commerce sales has had a huge impact on brands, retailers, and even retailers themselves.
The e- commerce industry, which includes online shopping, online video and video conferencing, e-retail, and online apparel, has shrunk from $12.2bn in 2015 to $8.2b in 2019, according the report.
This decline in revenue was attributed to an overall decline in the quality of e-content, iStuff noted.
It’s no secret that online retailing is suffering as the internet has democratized and become the predominant way people shop.
And while the industry has seen an overall increase in revenues, the number of customers has also shrunk.
iSupplicia noted that brands have experienced a decline in customer loyalty and sales, which is something the brand itself has struggled with.
The report also said that online shopping in the United States dropped from $1 trillion in 2015 up to $7.7 trillion in 2019.
This number was the same in Canada as well.
The rise in ecommerce sales has been particularly detrimental to brands, with more brands citing this as a primary reason for their decline.
As of today, brands can expect to lose $1,000 per month from this decrease in sales, iSTuff noted, citing data from market research firm Zillow.
Brands like Levi’s and Gap lost $500 per month as well, iSlate noted.
And there is no telling how many brands are struggling to make ends meet.
Even in the U.S., some brands have already lost millions.
According to the research firm IBISWorld, over the last two years, nearly half of all brands in the country have either seen a decline or a decrease in revenues.
The company estimates that at least $2 billion worth of sales has either been cut off due to digital trends or a change in brand management.
However, iStock reported that this was only the beginning of the decline, and brands will likely continue to struggle for years to come.
iStock also said there are a number of trends that will make it more difficult for e-Retail to recover.
For instance, the rise in online shopping has meant that brands are starting to lose customers that used to shop online.
According to the firm, online shopping is now more popular than ever, but there are also signs of brands struggling to keep their business online.
According a study conducted by Zillows, eCommerce accounts for just 12 percent of eCommerce sales and is expected to decline from 20 percent by 2025.
Despite these trends, many brands still believe in the future of ecommerce.
In fact, ZillOW’s report notes that while eCommerce may not have been the dominant market in 2020, it is expected that it will grow to 20 percent in 2025.
It also noted that the rise of digital trends, as well as the increased popularity of mobile, has given rise to a new era of online shopping.
More: This is just the beginning.
eCommerce is likely to grow and evolve in the coming years.
And that’s a good thing.
The future is here, it just needs to be handled appropriately.
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