It remains to be seen how the e-commerce industry will be able to balance door-buster deals with profitability, according to Portland SEO's Augusto Beato.
Americans are spending at unprecedented levels this holiday, with an overwhelming majority on online purchases. However, online stores ended spending more on already-elevated shipping costs, as many retailers now offer free or reduced rates for mailing packages during November and December.
“The cost for shipping is eating into the profit margins, and it's questionable whether the online retail industry can sustain operations with reduced profitability into the new year and beyond," quipped Beato, who is the CEO of Portland SEO.
Engage the services of Portland SEO through this link. Those interested in more information may also contact Augusto Beato by clicking here.
Americans spent $50.6 billion online this month through Sunday, a 20 percent increase from a year ago and spearheaded by a 24 percent surge to $6.2 billion on Black Friday, according to Adobe Analytics.
Cyber Monday is expected to add another $7.8 billion — an 18 percent year-over-year gain for that day.
Overall, physical stores had a disappointing four-day period with visits down 6.6 percent, according to retail analytics firm RetailNext. That is a big downside for brick-and-mortar chains, who claim their stores help boost web sales by giving shoppers a chance to see products in person.
However, physical stores selling electronics and appliances saw their sales rise 6.4 percent over the weekend, according to Customer Growth Partners. The researcher reiterated its forecast for holiday sales overall to grow 5.1 percent to $701 billion.
Here at Portland SEO we earned the reputation as the best Internet Marketing Service in all of Portland for a reason. We offer unparalleled search engine optimization marketing plans Reputation Management and Portland web design Services.
10350 SE 54TH AVE #101
Portland OR 97222
June 04, 2020 – Hybrid Truck and Drone Delivery a Game-Changer for LTL, Says Ice Break's Augusto Beato
May 19, 2020 – Crackdown on Roofing Industry Abuses Should Discourage Repeat Offenders: Portland SEO's Beato
April 30, 2020 – Pick Roofing Contractors Who Show Licenses and References, Reminds Portland SEO's Beato
March 13, 2020 – New Pattern of Ordering Goods Require Shipping Flexibility, Says Augusto Beato
March 11, 2020 – Roofing Businesses to Benefit from Lead Generation Experts
March 10, 2020 – Coronavirus Outbreak Reveals Importance of a Well-Managed Supply Chain
March 02, 2020 – Coronavirus Issue Being Used For Online Fraud, Warns Augusto Beato
February 29, 2020 – Detection of Food Ingredients That Causes Cancer in Children Should Support Ban Against Glyphosate, Says Augusto Beato
February 26, 2020 – Seattle Based Organization Expands Awareness About Naturopathic Medicine: Welcomes Dr. Joe Pizzorno To Board Of Directors
February 24, 2020 – Amid Threats of Climate Change, Children in Dire Need of Heroes, Says Augusto Beato