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 giving employees a nice Christmas bonus, Bigcommerce appointed a new SVP of business development and much more.
About one in twenty Christmas gifts that are bought online in Europe this year don’t come from a local retailer but are shopped abroad. In total, Christmas shoppers in Europe will spend more than 2.8 billion euros at foreign online stores.
Ikea Group, the Swedish furniture chain, is ramping up its e-commerce business and sees its website delivering 10 cents of every euro in revenue by 2020. Online sales exceeded 1 billion euros for the first time in the year ended in August, accounting for about 3 percent of total sales, Chief Executive Officer Peter Agnefjaell said in an interview Thursday. He expects that number to rise to 10 percent of sales by 2020, by which time the retailer will have expanded web sales to all its markets.
Shopify is giving away $1 million to its employees — in Shopify credits. The company sells e-commerce technology used by 200,000 merchants. Those include startups like GoldieBlox, which sells engineering toys for girls; Leesa, a mattress retailer; Tesla Motors (TSLA); and roughly 1,000 nonprofits like Charity Water. Now, each of its 1,000 employees will get $1,000 to spend wherever they choose.
Bigcommerce, the leading commerce platform for fast-growing and mid-market brands, today announced Russell Klein has joined the company as senior vice president of corporate and business development. A heavyweight in the investment banking and entrepreneurial world, Klein will oversee key corporate and business initiatives at Bigcommerce, including strategic business development, mergers and acquisitions, investments, and other revenue-generating partnerships.