eCommerce Stats & Trends

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Here at GroupBy, we couldn’t be more thrilled for the New Year and all it’s sure to bring. 2017 has taught us so much, and we’re already brainstorming strategies to continue evolving our suite of microservices. Much like people strive to eat healthier, go to the gym more, or stress less, our resolutions are the key to making GroupBy the best it can possibly be. 1)    Ensure retailers offer their shoppers a cutting edge, personalized experience Personalization is a cornerstone of the...

Here at GroupBy, we’ve learned that the holidays are a wealth of information when it comes to making sense of the tide of constantly shifting eCommerce trends. Every year, an unprecedented influx of customers turn to online shopping to find the perfect items, and never more than during the holidays. This means that it’s more important than ever to understand how it is changing and what this means for retailers everywhere. And there’s no better time to track these changes...

Every year holiday shopping kicks off with the Black Friday bang and winds down into a Cyber Monday finale, not to mention countless sales in the following days and weeks. It’s a weekend of unprecedented online shopping activity when customers depend on finding the perfect (heavily discounted) gifts for friends and family. Maybe a few unexpected splurges sneak into the cart. Who knows. Either way, it is THE time to finds the deals of the year. Deals that feel like...

Retailers that still don’t believe they have anything to learn from Singles Day may have a long road ahead if they want to stay competitive.  The 24-hour shopping extravaganza, held on Nov. 11, brought in $25.3 billion in sales (or gross merchandise value), up 39% compared to 2016. In addition to more than 140,000 Chinese brands and 60,000 international brands participating in this year’s Singles Day event, 225 countries and regions completed transactions throughout the day. In one day, this event eclipsed...

B2B eCommerce is fundamentally different than B2C in many ways. To date, the industry has been forced to adapt B2C search and navigation services to try to meet their needs. These solutions are lacking in many ways, and have not been designed from the ground up to accommodate the size, complexity and speed needed to create the next generation B2B Experience. GroupBy is revolutionizing B2B eCommerce Search. We are pleased to announce the launch of GroupBy B2B, the patent pending...

Thanksgiving is still two weeks away, but Black Friday has already begun — at least for some retailers. Best Buy on Wednesday began offering “Black Friday” discounts on hundreds of items, including big-screen TVs, Apple Watches and tablets. Walmart followed a day later, with $6 pajamas and $998 Samsung TVs. Amazon.com, meanwhile, started its “Countdown to Black Friday” on Nov. 1, offering dozens of new deals each day. (Jeffrey P. Bezos, the founder and chief executive of Amazon, owns The Washington Post.) In an ever-frenzied race...

The approaching Holiday season is always stressful for retailers. Not only is it a time that can make or break a retailer financially, but it is also a time in which online traffic spikes, pushing infrastructure to the max.  Nothing is more gut wrenching than your website going down on Black Friday or Cyber Monday, whether it is because of your infrastructure or a partner’s infrastructure, it doesn’t really matter, you are down and that means lost sales and lost...

In 2014, the words “data breach” held a very heavy weight.  Often referred to as the year of the Mega Breaches, a staggering 1 billion records were compromised by cyberattacks across a myriad of industries. JPMorgan Chase unintentionally exposed the names, addresses, social security numbers and other personal data from 83 million account holders – and that from a company that spends over $250 million annually on cybersecurity; Sony Pictures saw attackers destroy data and leak information regarding employee payroll,...

In case you missed it, the 2016 holiday shopping season was unprecedented.  In addition to over $7B in sales during Cyber Weekend, we saw a surge in mobile shoppers, a deeper investment in shopper experience, and creative new merchandising strategies to engage shoppers in holiday promotions.  Yet despite such strong results, there has been criticism around retailers who rely on deep discounting to move inventory during the holiday season.  Sacrificing gross margin and profitability is never a priority, so why...

Here at GroupBy we are technology geeks. The team is made up of both enthusiasts and experts, and we love learning what futurists predict about what comes next. Technology is constantly changing and evolving, finding its way into our lives in new and innovative ways.  Whether we are reconnecting with friends from our childhood through social media, or asking Google how to fix a faucet, humans and machines are learning how to work together harmoniously.   The intersection of man and...