Each week we gather the top three eCommerce news items of the week. Here’s what stood out for us this week!
Online grocery shopping hit an all time high of £1.2 billion throughout April and May as the lockdown forced nearly 5 million new households online.
In the four weeks to May 16th online grocery spend jumped a whopping 103 per cent year-on-year to hit record highs, accounting for 13 per cent of total grocery spending for the first time, according to new data from Neilsen.
This nearly doubled from seven per cent a year earlier and rose sharply from 10 per cent just a month before, representing online grocery’s highest share of the market to date. Read the full article here.
Instagram is set to introduce shoppable badges to Instagram Live videos amid a range of initiatives designed to further increase its ad revenue.
The Facebook-owned app will now allow video creators to offer purchasable virtual badges to their live streams in a similar format to Amazon’s Twitch platform. Read the full article here.
Alibaba has smashed expectations during its fourth-quarter seeing revenues and profits soar as lockdown forced shoppers online.
The Chinese ecommerce giant “reported better than expected March quarter results”, after predicting at the end of the previous quarter that it could take a hit from the coronavirus. Read the full article here.