Ecommerce tops $1 trillion, but growth slows

Ecommerce in 2022: Trillion-dollar sales make history, growth slows

In 2022, ecommerce sales reached $1 trillion for the first time. It’s a major milestone for online shopping. At the same time, growth slowed down from 2020-2021, reaching a low point of 6.5% in the holiday quarter. Meanwhile, ecommerce’s share of overall retail was 14.6%, which was level with 2021. 

For Walmart, ecommerce all comes back to convenience

What can technology add to a business? For Walmart, expanding ecommerce allowed customers to access at-home shopping, delivery, pickup and subscriptions. These are all new reasons to shop at Walmart that are attracting more affluent customers. “We've always been known for price, but…we're also now being known for convenience,” Walmart US President John Furner said Tuesday.

Target bets on ecommerce by investing $100 million in hubs to speed up delivery

Target is zeroing in on ecommerce with a new investment that will see a total of 15 sortation centers come online by 2026. Target’s ecommerce has largely flowed through stores. But now it wants to up the number of packages flowing through fulfillment hubs. It’s a move to provide faster service. – CNBC

New funding for Lemon Perfect, Moët Hennessy acquires rosé

In this week’s funding and M&A roundup, a hydration brand raised its second $30+ million round in a year, and there’s new funding for seaweed materials and subscription tech. Plus, Gorilla Glue sells a home goods maker, and Moët Hennessy adds luxury rosé.

Grocery continues to power growth for DoorDash

DoorDash’s business isn’t only being driven by restaurant meals anymore. Convenience and grocery store delivery expanded 60% in Q4, while third-party U.S. grocery operations doubled. There are also signals emerging that customers who order from restaurants and grocery stores place higher orders. – Grocery Dive

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