Ecommerce has redefined the traditional bricks and mortar retail model, with online stores no longer being considered a “nice-to-have” and instead a “must-have“. With KPMG reporting that the global retail ecommerce market size was estimated to be US$5.5 trillion in 2022, a clear ecommerce model can create a lucrative alternative revenue stream. As ecommerce continues to…
All posts tagged online sales
BHG Group acquires HYMA for SEK1.1 billion
MALMÖ, SWEDEN: BHG Group AB has entered into an agreement to acquire 92.2% of the shares in HYMA Skog & Trädgård AB (HYMA) for an initial consideration of SEK1.1 billion, a news release said. HYMA holds a leading market position in a number of BHG’s core categories such as garden, tools and leisure with a…
New Wave Holdings plans to expand brand presence on Walmart.com
TORONTO: New Wave Holdings Corp. announced that it will set forth its plans to aggressively increase its brand presence on Walmart.com. Way of Will, a growing health and wellness company known for its natural, aromatherapy-based products, will be putting its plans into motion to grow the brand’s presence on Walmart.com. The goal is to leverage…
Love Hemp posts 107% increase in online sales
LONDON: London-based CBD brand, Love Hemp Limited has experienced a surge in online sales during the global COVID-19 pandemic. Love Hemp’s management team has been highly responsive to customer needs and the rapidly changing business environment due to COVID-19. The effort to build greater awareness and capacity online to drive sales has resulted in continued…
Х5 Retail Group reports 40 percent growth in May 2020 online sales
MOSCOW: X5 Retail Group, a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Karusel chains, announced continued growth in online sales in May 2020. Total revenue in May 2020 of the online supermarket Perekrestok.ru and express delivery services from Pyaterochka and Perekrestok was RUB 2.37 billion (including VAT), of which RUB 1.7 billion…