Robust Latin American E Commerce Growth in 2007: related news

Robust Latin American E-Commerce Growth in 2007

Jun 26 2008 : In 2007, consumer-to-business e-commerce transactions in Latin America and the Caribbean (LAC) rose by 40 percent to US$10.9 billion, according to a Visa Latin America and Caribbean study. The increase was largely driven by sustained economic prosperity, advances in technology, and changes in consumer behavior, Visa says.

E-commerce in Latin America to surpass $16 billion this year, Visa says

Retail e-commerce in Latin America, including travel and tourism, rose to nearly $11 billion in 2007, up from about $5 billion in 2005 and $7.78 billion in 2006, and is expected to surpass $16 billion this year and reach nearly $30 billion by 2010, Visa Inc. says in a new study, “B2C Electronic Commerce in Latin America and the Caribbean: Beating All Odds.”

Report: E-Commerce Is Recession-Resistant

A report put out today by Sanford Bernstein analyst Jeffrey Lindsey claims the same disparity in growth between the U.S. and the rest of the world exists in e-commerce as exists in economic growth overall. Online retail commerce will rise only 14.3% in the U.S. in 2008 (still not a bad showing, I would imagine), but 26.5% overseas, writes Lindsey. That adds up to 21.5% combined, and even if economic growth slows globally, Lindsey expects e-commerce numbers to prove relatively resilient.

More on e-commerce

This is the chart I was doing when I found the mistake in the previous post. It shows the share of retail sales growth coming from e-commerce (leaving out gasoline station and fuel oil dealers). Until recently, e-commerce accounted for a relatively small share of retail sales growth. In the first quarter, however, e-commerce was 36% of growth

Gap between domestic and cross-border e-commerce grows wider, says EU report

EU Consumer Commissioner Meglena Kuneva today announced the results of a new EU wide survey on e-commerce and cross border trade. The figures show that even though e-commerce is taking off at national level, cross-border e-commerce is failing to keep pace. From 2006 to 2008, the share of all EU consumers that have bought at least one item over the internet has increased significantly (from 27% to 33%) whilst cross border e-commerce is stable (6% to 7%). The pattern is similar for those with internet access at home - 56% of consumers with internet at home have made a purchase (in any country including their own) by e-commerce compared to 50% in 2006, while only 13% (of those with internet access at home) made a cross-border e-commerce purchase compared to 12% in 2006.

Economy stunts e-commerce growth

AUG. 7 | Growth in consumers’ online spending has slowed dramatically in 2008 as a result of price increases and the soft economy, according to ComScore. E-commerce growth rates remain significantly stronger, however, than bricks-and-mortar retail, where growth has been negative throughout 2008 when adjusted for inflation.

E-commerce sales up 7% at wedding products retailer The Knot

Wedding products retailer The Knot Inc. has reported e-commerce revenue of $13.4 million for the second quarter ended June 30, a 7% increase over $12.5 million for the same period in 2007. Online sales growth, however, beat overall sales growth: The retailer reported revenue of $28.7 million for the second quarter of 2008, a negligible rise over net revenue of $28.5 million for the second quarter of 2007. The merchant blames the stagnation in part on the economy.

Clear strategy key for SaaS e-commerce success

Companies seeking hosted e-commerce services will find many different providers and products. So, to make good purchasing decisions, business and IT managers must first establish clear goals for their online stores, Gartner said Wednesday. Once companies have identified the requirements for carrying out their e-commerce strategies, they can then properly evaluate the different SaaS (software-as-a-service) vendors and offerings on the market. Gartner is issuing this advice in the recently published study "SaaS Impact on E-Commerce" after finding that, by 2013, 90 percent of e-commerce sites will subscribe to at least one such service. At a very basic level, a company must make sure that the SaaS provider it selects offers the e-commerce capabilities the business needs, at the proper scale and level of sophistication.

Selling Online with Drupal e-Commerce

Michael J. Ross writes "Many Web developers wish to create e-commerce sites that also support collaborative editing of content, community forums, and other features that can increase traffic to the sites. But most shopping cart products do not include those capabilities, or, if such third-party add-ons exist, they may be quite limited in functionality. Similarly, most if not all content management systems (CMSs) lack native e-commerce capabilities. Yet that barrier is being overcome, because a handful of e-commerce modules have been created for the most popular CMSs. Perhaps the most promising pairing, at this time, is Drupal and the e-Commerce module — a combination covered in the book Selling Online with Drupal e-Commerce by Michael Peacock.

Amazon Taps into Latin America Web Growth

Mail.jpgSEATTLE: The world's biggest online retailer, Amazon.com, is setting-up a new Latin American customer contact site to capitalise on the "explosive growth" in ecommerce across the region.

Cineplex chooses ATG's Commerce suite to power e-commerce website

ATG, a provider of e-commerce software, has announced that Cineplex Entertainment, Canada's largest motion picture exhibitor, has selected ATG's Commerce Suite to power its e-commerce website. The new site will showcase an improved and more personalized online experience for Cineplex Entertainment customers.

U.S. Retail E-Commerce Growth Rates Soften in May and June

RESTON, Va., July 31 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released its Q2 2008 retail e-commerce data, which showed that while year-over-year growth rates rebounded slightly in April (up 15 percent) after a soft March, they slowed again in May (up 12 percent) and June (up 11 percent). Nonetheless, total U.S. online retail sales (excluding travel) reached approximately $31 billion in Q2 2008. comScore CEO Magid Abraham and comScore Chairman Gian Fulgoni will discuss these data and other relevant e-commerce insights during the second installment of their quarterly webinar series, State of the U.S. Online Retail Economy, on Wednesday, August 6 at 3 p.m. ET (webinar details below).

U.S. Retail E-Commerce Growth Rates Soften in May and June

RESTON, Va., July 31 /PRNewswire-FirstCall/ -- comScore, Inc. (Nasdaq: SCOR - News), a leader in measuring the digital world, today released its Q2 2008 retail e-commerce data, which showed that while year-over-year growth rates rebounded slightly in April (up 15 percent) after a soft March, they slowed again in May (up 12 percent) and June (up 11 percent). Nonetheless, total U.S. online retail sales (excluding travel) reached approximately $31 billion in Q2 2008. comScore CEO Magid Abraham and comScore Chairman Gian Fulgoni will discuss these data and other relevant e-commerce insights during the second installment of their quarterly webinar series, State of the U.S. Online Retail Economy, on Wednesday, August 6 at 3 p.m. ET (webinar details below).

Flat Panel TVs & Digital Cameras to Grow in Canada in 2008

Sales of digital cameras and televisions in Canada were strong in 2007, with growth predicted in 2008, according to the report, 2008 Consumer Electronics Market Trends and Forecast, by the Consumer Electronics Marketers of Canada (CEMC), an Electro-Federation Canada (EFC) council, and the Canadian Imaging Trade Association (CITA). The report reveals the rise in sales of digital cameras was up almost 25% in 2007 over the previous year, with manufacturers shipping almost 3.8 million digital cameras to Canadian retailers. The sale of digital cameras in 2008 is projected to increase to 3,952 units. In the Canadian television market, CEMC reported 2007 as a solid year of growth for television shipments in Canada. Sales surpassed the 3 million mark in 2007, an increase of 2% from 2006 levels.

American Ballet Theater Visits Korea in 12 Years

Some 120 dancers and staffs of the American Ballet Theater came to Korea via Incheon International Airport for their performance at Sejong Center for the Performing Arts from July 31 to August 3. The American Ballet Theater, which is called one of the world’s three most renowned ballet companies along with the United Kingdom’s Royal Ballet and Paris Opera Ballet of France, is visiting Korea in 12 years since 1996. Kevin McKenzie, the artistic director of the American Ballet Theater said, “Koreans will have a chance to enjoy outstanding performance of the world’s best dancers.” The American Ballet Theater will perform an opening gala on July 31 and perform “Don Quixote” for three days from August 1. For more information, call 02-399-1114.

Future robotics growth encouraging says report

North American robotics companies reported that new orders sold to North American manufacturers fell 17 per cent in the first quarter of 2008 from the same quarter in 2007, but revenue rose five per cent. However, orders to non-automotive companies surged, an encouraging sign for future robotics growth, according to the Robotic Industries Association (RIA).

Gartner Says 90 Percent of E-Commerce Sites Will Use At Least One SaaS-Based Service by 2013

Although uptake of software-as-a-service (SaaS) e-commerce solutions is slow, more organizations will begin to utilize these services during the next few years, according to Gartner, Inc. By 2013, 40 percent of e-commerce deployments will use a complete SaaS e-commerce solution and 90 percent of e-commerce sites will subscribe to at least one SaaS-based service, such as product reviews, product recommendations or social sales capabilities.

Digital River Launches E-Commerce Operations for Absolute Software Corporation

Supports online marketing and subscription sales of Absolute's Computrace LoJack for Laptops software MINNEAPOLIS--(Business Wire)-- Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced that it signed a new e-commerce agreement with Absolute(R) Software Corporation (TSX: ABT), the maker of Computrace(R) LoJack(R) for Laptops software. Absolute Software is using Digital River's comprehensive e-commerce platform and services to expand its direct-to-consumer business in the United States. Recently Digital River designed and launched an online store, located at www.lojackforlaptops.com, which features subscriptions to Absolute's consumer theft recovery and identity protection software and services. "The online market remains a primary growth channel for software providers worldwide," said Don Peters

Amazon creates new Latin American customer contact site

Internet retailer Amazon is developing a new Latin American customer contact site, reported the Financial Times.

TRANSactions: Contemporary Latin American and Latino Art

The Weatherspoon Art Museum will serve next summer as the only North Carolina/mid-Atlantic venue for the nationally traveling exhibition, TRANSactions: Contemporary Latin American and Latino Art. The exhibition was originated by the Museum of Contemporary Art San Diego (MCASD), where it premiered, and was drawn from their renowned permanent collection. Interim venues have been the Memorial Art Gallery, University of Rochester and the High Museum of Art, Atlanta. TRANSactions will be on view at the Weatherspoon Art Museum in Greensboro, NC from June 20 - September 28, 2008.

Nintendo Plans to Corner Latin American Market

Nintendo is planning to boost its focus on the Latin American market with an aggressive Spanish marketing campaign that will likely launch this side of the Christmas season and focus on sports and fitness games.

As In Regular Commerce, E-Commerce Outlook Iffy

The slow financial and real estate markets, coupled with high gas prices, has some analysts rethinking the e-commerce market, which has enjoyed unabated growth.

U.S. Retail E-Commerce Growth Rates Soften in May and June

PRNewswire-FirstCall/ -- comScore, Inc. SCOR, a leader in measuring the digital world, today released its Q2 2008 retail e-commerce data, which showed that while year-over-year growth rates rebounded slightly in April (up 15 percent) after a soft March, they slowed again in May (up 12 percent) and June (up 11 percent). Nonetheless, total U.S. online retail sales (excluding travel) reached approximately

iPhone coming to 10 more Latin American countries on Aug 22

America Movil said this week it will launch the iPhone in 10 additional Latin American countries later this month, bringing the roster of nations known to be participating in Apple's second phase iPhone 3G launch to 17.

China's biggest e-commerce firm fears slow foreign trade growth

HANGZHOU: Alibaba.com Ltd, China’s biggest e-commerce firm, will focus more on domestic business in the next few years because of a weak global economy and slowing growth in Chinese exports, Chairman Jack Ma said.

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