Irish consumers’ spending on non-Irish websites averaged 329€, with more than three quarters (79%) of Irish respondents shopping online internationally in 2021. The study, which surveyed 1,001 Irish consumers in November 2021, found that the average annual spend by Irish shoppers on websites within the Republic of Ireland rose from 357€ in 2020 to 503€ in 2021, an increase of 41%.
Recent research carried out by PayPal, the Retail Trends and Spends Study, has revealed a significant rise in spending by Irish consumers on local websites in 2021. Irish spending on local websites rose by 41% in 2021: PayPal
Its operating income also increased to $24.9 billion, up from 2020’s $22.9 billion, while net income increased to $33.4 billion, up from $21.3 billion in 2020.
#AMAZON PAST ORDERS 2020 FULL#
Overall, Amazon’s net sales for the full year 2021 increased by 22% to $469.8 billion, up from $386.1 billion in 2020. While not as huge as the jump from 2019 to 2020, in which UK sales for Amazon surged 51% during a year dominated by lockdowns, isolation and brick and mortar store closures, the increase is still significant and points to the continued importance of ecommerce in a world transformed by the pandemic, as well as the continued dominance of Amazon in the online shopping arena. Amazon’s UK sales are also up 82% on the £13 billion the company made in 2019, before the Covid-19 pandemic took hold. Retail Gazette reports that Amazon’s sales figures for its UK business show that the ecommerce and tech giant brought in £23.6 billion in 2021, up from £19.6 billion in 2020 – a jump of 20%. Amazon’s UK sales jumped 20% in 2021, up 82% on pre-pandemic levels They also encourage payment providers to support Buy Now, Pay Later (BNPL), in order to capitalise on the continued appetite for ecommerce amid the ongoing Covid-19 pandemic. China is predicted to account for more than 37% of global ecommerce payments by transaction value by 2026, which Juniper Research attributes to the country’s “established and extensive eCommerce and payments landscape that provides greater convenience for users via easily accessible alternative payment methods.”Īccordingly, researchers recommend that retailers ensure that their payment options match evolving consumer preferences to avoid being left behind, prioritising Open Banking-facilitated payments, digital wallets and cryptocurrencies. It also found an “increasing appetite” among consumers for alternative payment options at ecommerce checkouts, such as Open Banking-facilitated payments and one-click digital wallet payment. Juniper Research predicts that this growth will be driven by “retailers offering compelling omnichannel retail experiences that increase user ecommerce spend”, and that online, mobile and physical retail locations will all be instrumental to retailers’ future success. Latest Ecommerce payment transactions to exceed $7.5 trillion globally by 2026Ī new study from Juniper Research has forecast that the value of global ecommerce payment transactions will exceed $7.5 trillion globally by 2026, up from $4.9 trillion in 2021 – a growth rate of 55%. Fast Track Ecommerce and Online Merchandising trainingġ.
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