How the E-Commerce Landscape Changed Due to COVID-19 According to LAV Direct – Start Online Business

Curated by WorkingFromHome

This article is an excerpt from the original article found in the Read More link – please follow for full article.

The COVID-19 pandemic that began to affect the United States in the winter of 2020 has had catastrophic effects on nearly every aspect of American life. Under statewide lockdowns, residents were not allowed to eat in restaurants, have social gatherings, or shop in “non-essential” retail stores.

This meant that the lion’s share of retail shopping moved online. As brick-and-mortar locations remained closed, online retailers found that they were doing significantly more business than ever before. Even though lockdowns have now been moderately lifted across the United States, many people are choosing to remain out of brick and mortar stores due to concerns for their health and the health of others.

As the months have gone by, many people have developed a habit of buying nearly all their essentials online and are continuing to do so. As a result, competition has increased amongst online retailers and many have modified their business model to offer even more savings to their customers.

In this article, fashion-forward e-commerce website LAV Direct explains how the COVID-19 pandemic is affecting online shopping and how conditions may change soon.

Changing Market Share

The difference in the e-commerce market share can be easily illustrated by looking at Census Bureau comparisons from the second quarter of 2019 to the second quarter of 2020. The Census Bureau found that e-commerce jumped by 44.5 percent during this time period, while overall retail sales declined by a slim 3.6 percent.

The percentage of overall retail sales, that were spent online, went up from 10.8 percent in the second quarter of 2019 to 16.1 percent in the second quarter of 2020. As a result, there are incredible opportunities for online sites to make a substantial amount of money in today’s new economy.

Buying Habits

In the early months of 2020 and continuing into the late spring and early summer, most areas in the United States were under mandatory lockdown orders. People were unable to shop, eat in restaurants, or have social gatherings. Even after brick-and-mortar stores reopened, many high-risk people were unwilling to go out and expose themselves to the virus. This change is one of the major drivers that has resulted in the shift to online retail shopping platforms, like LAV Direct.

Bargain Hunting

As people began to shop online more often, prices became more competitive and consumers recognized that online shopping often resulted in sav

For the Full Article
Please Continue Reading Here: How the E-Commerce Landscape Changed Due to COVID-19 According to LAV Direct

Commentary:
Really useful news and links can be read on the full post.

You May Also Like…

Does Your Car’s Color Affect Your Chances of Getting into an Accident? – Start Online Business

Does Your Car’s Color Affect Your Chances of Getting into an Accident? – Start Online Business

There is no information about whether your car’s color will put you at a higher risk of getting into car accidents. What we do know, however, is that some color cars get into more accidents than others. Kelley Blue Book says that silver is the most popular car color. Yet, despite their prevalence on the roadway, silver cars do not account for the majority of car accidents. In fact, black cars are more likely to get into collisions than any other color car, per Reader’s Digest. photo credit: Dominika Kwiatkowska / PexelsContinue reading to learn more about how car colors factor into collisions. What Is the Leading Cause of Traffic Accidents? Human error accounts for a majority of all auto accidents, according to the National Highway Traffic Safety Administration (NHTSA). About 94 percent of collisions are caused by things like speeding, distracted driving, and intoxication. Other leading causes include things…

How Much is Bad IT Architecture Costing You? – Start Online Business

How Much is Bad IT Architecture Costing You? – Start Online Business

For years businesses have dealt with IT architecture that’s unable to change.  This was due largely to the layer upon layer of technology that’s built up over the years.  Technology added, typically, to solve tactical problems, such as the need for an ERP system, a new database for business intelligence, or just to get the latest and greatest technology in house. However, the addition of each layer of technology caused more complexity.  More complexity drove more cost, as well as the inability to change the IT infrastructure to adapt to changing business needs.  In other words, we’ve created bad architecture that is clearly costing us a great deal of money, as well as lost business opportunities. Cloud computing  provides us with an opportunity to get some aspects of the architecture in a healthier state.  However, like other technology, care must be taken to make sure that you leverage cloud-based platforms…

Working From Home TV …

Tips to enhance your own website…

8 Best Video Chat Software for Business in 2021 (w/ Free Options) – Website Tips

8 Best Video Chat Software for Business in 2021 (w/ Free Options) – Website Tips

Are you looking for the best video chat software for your business? With remote working more common, many businesses need a way to communicate with their teams and clients over video. There are a ton of great video chat solutions in the market, but how do you pick the right software for your business? In this article, we’ll share the best video chat software for small businesses and highlight their different features, so you can choose the best video chat software to fit your needs. What Kind of Video Chat Software is Right for You? Video chat software and video calling apps are synonymous with applications like FaceTime, Google Duo, WhatsApp, Viber, and the Facebook Messenger. However, you may require more professional tools and functionality to support your business, instead of simply communicating with friends and family. The right video chat software will have a variety of features to make…

How to Add FAQ Schema in WordPress (3 Methods) – Website Tips

How to Add FAQ Schema in WordPress (3 Methods) – Website Tips

Do you want to add FAQ schema in WordPress? Adding FAQ schema can help boost your SEO ranking and organic click-through rate by making your frequently asked questions appear directly in Google’s search results. In this article, we’ll show you how to add FAQ schema in WordPress and improve your rankings, step by step. What is FAQ Schema? FAQ schema is a smart markup code also known as structured data that you can add to your website pages to help Google identify an FAQ section. If you add FAQ schema, then Google may choose to reward you with an enhanced search result listing that also shows FAQs directly below your website. This increased visibility on Google means more traffic to your website. It also makes your site appear to be an authority on the subject. Plus, FAQ schema makes your content more helpful to users who prefer the question-and-answer approach.…

How to Make a Link in Bio Page in WordPress (Linktree Alternative) – Website Tips

How to Make a Link in Bio Page in WordPress (Linktree Alternative) – Website Tips

Do you want to make a link in bio page in WordPress? A link in bio page is a popular way to send traffic from social media to multiple pages on your website. It’s commonly used by Instagram influencers and other social media celebrities. In this article, we’ll show you how to easily make a link in bio page in WordPress. Why Create a Link in Bio Page in WordPress? A link in bio page lets you send social media traffic to specific pages on your WordPress website. Social media platforms like Instagram, Twitter, and Facebook only allow a single link in your profile. But, instead of sending users to a single page, you can create a link in bio page that lets you send traffic to multiple pages. There are services like LinkTree, ContactInBio, Bio.FM, and more that help you create link in bio pages. By using a WordPress…

0 Comments

Submit a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.