Media Coverage

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Consumers shopping online more but buying less

Consumer Affairs | July 1, 2015 | Online shopping was supposed to be the death of brick-and-mortar retail. When consumers could find what they want online, comparing prices from dozens of different retailers, why would they make the effort to go to the mall? Read more… 


technicallyphilly

5 months after acquisition, eMoney Advisor hits 300-employee mark

Technical.ly Philly | July 1, 2015 | The fintech company was acquired by Fidelity in February for over $250 million, reportedly. It’s not finished hiring for the year, either: spokeswoman Kelly Waltrich said the company aims to hire 60 more software developers in the Philly area by the end of the year. Read more… 


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When it comes to online shopping, we’re browsing more and buying less

Albuquerque Journal | July 1, 2015 | It’s only getting harder for retailers to close the deal with online shoppers. A new report has found that customers are leaving retailers’ websites more frequently without buying anything and, when they do open their wallets, they are spending less on average per order. Read more… 


ForbesFeatured

Wednesday’s Must-Reads For Entrepreneurs: Uber’s Leaked Financials

Forbes | July 1, 2015 | Why shoppers are browsing more and buying less: “The online conversion rate, a measure of the share of shoppers who actually make a purchase, declined from 2.54 percent in the first quarter of 2014 to 2.32 percent in the same quarter this year, according to an analysis by Monetate.” Read more… 


Print

Mac shoppers spend $148.08 per online purchase

Apple Daily Report | June 30, 2015 | As people have grown accustomed to completing tasks on mobile devices such as iPhones and iPads and smartphone screens have become large enough to allow comfortable browsing, more and more online shopping is done on the go. However, according to data published in Monetate’s E-commerce Quarterly report, people still tend to fire up their laptops or desktop computers when shopping for big-ticket items. Read more… 


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When it comes to online shopping, we’re browsing more and buying less

The Washington Post | June 30, 2015 |It’s only getting harder for retailers to close the deal with online shoppers. A new report has found that customers are leaving retailers’ Web sites more frequently without buying anything and, when they do open their wallets, they are spending less on average per order. Read more… 


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Three Hot Tips to Drive Sales with Recommendations

eCommerce Bites | June 30, 2015 |The latest Monetate Ecommerce Quarterly brought disquieting news to the ecommerce industry. Save for the booming 2014 holiday quarter, rates for conversions and adding items to carts have been in decline since the first quarter of 2014, barring Q4. Read more… 


Entrepreneur

The 2 Fundamental Things Ecommerce CEOs Should Know About Retaining Customers

Entrepreneur | June 25, 2015 | Today, building an ecommerce site from scratch is easier than pie. A free and versatile platform such as Spaces or a complete out-of-box solution like LemonStand can turn your entrepreneurial dreams into digital reality in minutes. However, simply setting up an ecommerce site is not enough. Read more… 


TechCrunch

UK’s Yieldify Raises $11.5M From SoftBank And Google Ventures To Fix E-Commerce Conversions

TechCrunch | June 25, 2015 |London has emerged as a major hub for digital advertising and marketing, and today one of its faster growing startups is getting some funding to go to the next level. Yieldify, a marketing tech business that has built software to improve and track on-site and email conversions — that is, for e-commerce businesses to keep people shopping, buying and generally interested instead of going somewhere else on the web — has raised $11.5 million. Read more… 


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digibyte: Mobile spend per user lagging desktop

diginomica | June 24, 2015 | We are bombarded with media telling us that mobile is the de facto platform for today’s user. While that may be true for many purposes, Q1 2015 data from Montage e-commerce survey (subscription required) shows a different picture when it comes to order methods.  Read more…