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Same-Day Fulfillment Carries Target, Fastenal’s Rising Ecommerce Sales, and Systemax’s Online Makeover

Shirts on the Clothes Rack at Target

Same-Day Fulfillment Carries Target Over 2019 Holidays

Target survived the holiday season the way most retailers did: with a lot of help from ecommerce. The big box store reported this week that its online sales grew 19% over November and December 2019, but total comparable sales increased only 1.4% during that period. The biggest driver of this online sales growth was same-day order fulfillment, including in-store pickups, drive-up orders and same-delivery, which grew a staggering 50% compared to 2018. Other sales areas were not as strong for the retailer, with electronics and toys sales in particular spiraling down. “While we knew this season was going be challenging, it was even more challenging than we expected,” says Target CEO Brian Cornell.


What stood out to us?

The biggest driver of this online sales growth was same-day order fulfillment.


Three Fasteners fastening

Fastenal’s Rising Ecommerce Sales for Electronics

Fastenal, a distributor of fasteners and other industrial products, is seeing significant sales growth thanks to ecommerce via emerging technology. The distributor shared this week that its electronic sales, including Internet of Things vending machines, ecommerce sales from Fastenal.com, and electronic data interchange, grew 32% year over year. Ecommerce and vendor-managed inventory combined accounted for 30% of Fastenal’s revenue last year, according to CEO Daniel Florness, and is expected to grow in 2020. “The way we think about ecommerce, it’s about making our business a little bit more efficient every day because, as our supply chain partnership with our customer grows, most of our business activity is coming from vending from been stocks,” say Florness.“Where the customer really gives an order in the product and we keep stepping deeper and deeper into the business.”

What stood out to us?

Internet of Things vending machines. Cool.


Systemax man

Systemax’s Flagship Ecommerce Site Makeover

Systemax Inc., an online distributor of maintenance, repair and operations products, has made significant updates to its flagship ecommerce site GlobalIndustrial.com. This B2B site, that sells a variety of industrial, electrical, and lighting products, now has a variety of ecommerce tools and applications that speed up order selection, purchasing, and fulfillment. Specifically, these new features include instant call-back services to schedule pick-up and complete a product return, an advanced tracking tool for monitoring the return process, and faster reordering of such products as janitorial and maintenance supplies. “With the introduction of advanced features and functionalities, customers will have more control in conducting their online order and service-related tasks, which will deliver a faster, richer, and seamless online experience,” says Systemax CIO Manoj Shetty.


What stood out to us?

Applications that speed up order selection, purchasing, and fulfillment. Sign me up.


In the headlines

  • Sensible Investment: B2B Software firm 6Sense has received $40M in funding to invest in A.I. technology.
  • Best Bye: Before revealing its 2019 holiday financial results, Best Buy is investigating anonymous allegations of misconduct by CEO Corie Barry.  
  • Elon Musk-igan: Tesla has reached an accord with Michigan to finally allow selling its cars directly to consumers. 
  • Somewhere that’s Green: A new report suggests that the online fashion industry can save $123B if a more environmentally-conscious business model is utilized. 

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