Top 10 Online Retailers of 2018, Ecommerce Saves On Prescription Drug Costs and Walmart and Target Surpass Amazon
Top Ten 2018 Online Retailers
The numbers are in. Shoppers worldwide spent $2.86 trillion on retail goods in 2018, which is an 18% increase from the previous year’s $2.43 trillion. The top 10 online retailers accounted for 15.1% of ecommerce globally. The same 10 retailers in 2017 accounted for 14.5% of worldwide online sales. These online retail leaders have a major impact on the overall ecommerce landscape. The top five online retailers include Amazon, JD.com, Suning Commerce Group, Apple and Walmart.
What stood out to us? Any countries considering ecommerce outside of the U.S. and China?
*Photo from DigitalCommerce360.com
Ecommerce Helps Save On Prescription Drug Costs
Louisiana-based Blue Cross and Blue Shield has added a new digital tool called RX Savings Solutions with the potential to help over 637,000 health plan members price drugs and manage their prescriptions in an effort to save money. The company has been in business since 1934 and has over 1.5 million members. This new digital tool connects with a member’s drug claim records and prepares a personalized savings plan. When there is an opportunity for a member to save money, the tool notifies the member via email or text. It also offers potential alternatives with a lower out-of-pocket price for members. “By providing a solution directly integrated into claims records and benefits, our members now have detailed information at their fingertips to help them make prescription drug choices,” says Chief Medical Officer Vindell Washington.
What stood out to us? Ecommerce saves lives.
Walmart and Target Surpass Amazon
Amazon bites the dust. Not really, but the company is in the shadow of Walmart and Target. Over the last twelve months, Walmart stock is up 14.16%, Target is up 12.73% and Amazon stock is only up 6.03%, a major change from last year. This shift in stocks may indicate big changes in the retail industry. Shoppers are ordering online, picking up items in stores and avoiding shipping costs, especially when it comes to groceries. “It’s no longer a secret that you need a strong brick-and-mortar operation to accompany your online strength,” says Haris Anwar, Senior Analyst at the global financial platform Investing.com. “The 40% growth rate in Walmart and Target online sales over the past several quarters are a good indication that these old retail companies have found a way to achieve that winning mix.”
What stood out to us? Walmart and Target have a built-in distribution footprint. Time for Amazon to acquire some more traditional retailers.
In the headlines
- Stitching a path to success: Stitch Fix grows 25% in second quarter revenue thanks to repeat customers.
- $58.8 billion: That’s how much 2019 German ecommerce is worth.
- Green and clean: Target will launch clean labels for personal care products starting in April.
- #FacebookDown: Facebook’s outage this week had a major effect on brand marketers… but the hilarious #FacebookDown hashtags almost made the outage worth it.
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