So what do you think was the one category of goods that saw the biggest increase in sales in the past year? Books, clothing or maybe electronics…all are wrong, consumer packaged goods (CPG) saw the biggest increase in sales with an increase of 42%, this according to estimates from 1010data.
If you run a Shopify store in Europe, then this might be of interest to you. There is a petition going on to let Shopify support VAT exemption, which it still doesn’t do. According to the petition which was started by Jeroen Krielaars, many Shopify users are frustrated by the fact that “If a EU based customer with a valid VAT number places an order in a different EU country, no VAT should be added to the sales price. Shopify does not support a way to automatically validate VAT numbers during the checkout process. This makes it impossible to exclude business-to-business costumers from VAT.”
This week, Amazon announced that it will acquire Emvantage for an undisclosed sum. Emvantage was founded in 2012 and is a payment platform for online payments. The company did this because they are trying to gain a presence on the Indian market.
Last fall, the comments section of my BigCommerce review started to be flooded with angry comments from BigCommerce customers. Here's one example from Jack: “BigCommerce just contacted us and said they are changing our pricing from $25/month to $900+/month. Yes you read that correctly! I can’t believe it. Watch out for them.”
Market was the home of Evernote's store selling all sorts of office products, according to TechCrunch the company originally started Market as a “supplemental income stream for the firm and built to cater to its more dedicated users”. However it never really gained traction.
Evernote reported that throughout the lifetime of Market they sold more than 800,000 Evernote Moleskine notebooks, 300,000 Jot Script styluses, and nearly 20,000 ScanSnap scanners. Customers will still be able to purchase a handful of products made by partner companies that are closely working together with Evernote's service. However these purchases will be completed on the producers websites, these companies will also be responsible for shipping and handling.
This is just another string of events in many changes that Evernote have made, recently they hired a new CEO and in September, Evernote laid off 13 percent of its work force, in the second of two rounds of layoffs last year.
John Hoye, Evernote's senior director of partnerships and accessory products, writes in a blog post “Ultimately though, Evernote is a software company. Building and perfecting the Evernote experience is where we’ll be focusing our future efforts.”
If you are using Magento to power your online store, then it might be a very good idea to make sure you are up to date with your patches, because hundreds of thousands of websites are at risk of hijacking attacks. made possible by a just-patched vulnerability in the Magento ecommerce platform. If this seems like a déjà vu, then it is because just last year Magento was attacked by another exploit.
The week is coming to an end, and what a week it has been in the ecommerce industry, a lot has happened for the most popular ecommerce platforms. This week saw Shopify add a new COO, ecommerce in the Czech Republic soars in 2015 and much more.
The holiday season has just ended, and in the U.S. retail sales grew 7.9 percent, between Black Friday and Christmas Eve, even better news, ecommerce was among the biggest winners this holiday season, growing about 20 percent from a year ago, this according to MasterCard Advisors.