E-commerce Sales are Projected to Grow as Retails Shift Focus
NEW YORK, September 11, 2017 /PRNewswire/ --
According to a report by Statista, e-commerce sales are projected to grow at a strong pace as many retailers are shifting focus on online sales and marketing. The report indicates that in 2015, online sales of physical goods amounted to 294.45 billion US dollars and are projected to surpass 485 billion US dollars in 2021. The Apparel and accessories segment is projected to generate a close in on 100 billion U.S. dollars in revenue by 2021. The United States however, ranks behind several other countries in terms of e-commerce sales as percentage of total retail sales. In 2016, almost a fifth of China's retail sales occurred via the internet, compared to only 8.1 percent in the United States. Chineseinvestors.com, Inc. (OTC: CIIX), Amazon.com, Inc. (NASDAQ: AMZN), Overstock.com, Inc. (NASDAQ: OSTK), eBay Inc. (NASDAQ: EBAY), Alphabet Inc. (NASDAQ: GOOG).
The National Retail Federation chief economist Jack Kleinhenz explained, "It is clear that online sales will continue to expand in 2017 and provide growth for the retail industry... But it is important to realize that virtually every major retailer sells online and many of those sales will be made by discount stores, department stores and other traditional retailers. Retailers sell to consumers however they want to buy, whether it's in-store, online or mobile."
Chineseinvestors.com, Inc. (OTCQB: CIIX) earlier today announced that, "has retained Biopsy, LLC managed by Chris J Snook effective September 1, 2017 to provide leadership in growth and E-commerce. Biopsy, LLC will be the architect of the digital infrastructure and go-to-market strategy for ChineseInvestors.com, Inc., its wholly owned subsidiary ChineseHempOil.com and its wholly owned foreign enterprise CBD Biotechnology Co., Ltd. reporting directly Warren Wang, CEO of ChineseInvestors.com, Inc., to Keevin Gillespie, President of ChineseHempOil.com, Inc. and to Summer Yun, CEO of CBD Biotechnology Co., Ltd.
Snook will work closely with the entire ChineseInvestors.com, Inc. team developing the strategy for and managing the execution of all internal and external communications related to IT, digital marketing, agency vendors, and the E-commerce, network marketing and retail divisions. Biopsy, LLC's role will include informing and exciting consumers throughout Canada and the United States and Mainland China about ChineseInvestors.com, Inc.'s brands. Biopsy, LLC will oversee commerce initiatives, underlying data governance and digital architecture, go-to-market strategy, product and brand creation, and business development initiatives. As the managing member of Biopsy, LLC, Snook will also be directly involved with the Company's media relations and executive and financial communications.
ChineseInvestors.com, Inc.'s decision to retain Biopsy, LLC comes at an important time as the Company has established several new relationships that will be managed by Biopsy, LLC including its selection of Elevated.com as its new digital agency of record in August and its recent agreement with Quiverr.com to drive sales of its hemp health products on the Amazon Channel. ChineseInvestors.com, Inc. plans to hire additional marketing talent that will assist to develop and manage its Chinese-American digital marketing strategy in the coming months. The Company's objective is to add $1m in new net revenues from these efforts in the coming 12 months.
"ChineseInvestors.com, Inc. is fortunate to be able to contract with Biopsy, LLC as Chris' unique skill and experience will enhance the Company's ability to effectively emerge as a leader in the CBD Biotechnology Industry, while also strengthening and expanding the market reach and value of the Company's core financial media business," said Warren Wang, CEO and Founder of ChineseInvestors.com. Inc. "Moreover, I'd like congratulate Chris on the success of his bestseller Digital Sense and his emergence as a leading voice on consumer experience, E-commerce operations, blockchain technology and the internet 3.0. Online purchases by Chinese consumers now exceed that of US consumers and global online sales are expected to grow 20% annually. ChineseInvestors.com, Inc. is committed to building the necessary platforms to capitalize on this growth trend and to emerge as a market leader."
"I am honored to work with ChineseInvestors.com, Inc. at such an exciting time for both the Company and the E-commerce and Direct-to-Consumer Personal Care Products Industries at large," said Snook. "I look forward to contributing to the Company's future successes. I thank Mr. Wang for giving me the opportunity to work with such a talented and innovative team." Snook is an award winning entrepreneur, an international bestselling author and thought leader ...
Amazon.com, Inc. (NASDAQ: AMZN) recently announced plans to open Amazon HQ2, a second company headquarters in North America. Amazon expects to invest over $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs. In addition to Amazon's direct hiring and investment, construction and ongoing operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community. Amazon estimates its investments in Seattle from 2010 through 2016 resulted in an additional $38 billion to the city's economy - every dollar invested by Amazon in Seattle generated an additional 1.4 dollars for the city's economy overall.
Overstock.com, Inc. (NASDAQ: OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. On July 28, 2017, the company announced that the launch of the beta version of a new online car-buying platform, Cars by Overstock. The full-service platform helps customers navigate every aspect of the car buying process, starting with the ability to research their purchase using up-to-date vehicle data, popular articles, and in-depth video reviews.
eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. On July 31, 2017, the company has agreed to jointly pursue eCommerce opportunities in the Indian market. In exchange for an equity stake in Flipkart, eBay will make a $500 million cash investment in and sell its eBay.in business to Flipkart. Flipkart will own and operate the eBay.in business upon the close of the transaction. eBay and Flipkart have also entered into an exclusive agreement in which they will jointly pursue cross-border trade opportunities to make eBay's global inventory accessible to more India consumers, while eBay's millions of active buyers globally will have access to more unique Indian inventory provided by Flipkart.
Alphabet Inc. (NASDAQ: GOOG) on July 24 announced financial results for the quarter ended June 30, 2017. Ruth Porat, CFO of Alphabet, said: "With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis, we're delivering strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams."
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