News & Insights

Sales Boost for eShopWorld during 1-15 June2020

Published: June 26, 2020
Author: munimji

The announcement made by the leading cross-frontier company eShopWorld that the apparel and footwear e-commerce sales have risen 121 % and 122 % respectively from the first two weeks of June 2020. US partners of the company also found the new revenue growth during the coronavirus pandemic.

“Our data shows that brands that have been able to pivot away from physical stores and double down on digital channels to find significant growth amid the Covid-19 outbreak,” Tommy Kelly, CEO of eShopWorld, said in a press release.

 

In June so far, cross-border apparel and footwear sales have seen significant growth, and our May overall sales volumes were above those seen during the peak pre-holiday Black Friday period. We expect this strong growth to continue as consumers around the world keep shopping from home due to concerns about the ongoing pandemic.”

 

Year over year in May, US brands using eShopWorld’s platform to sell cross-border saw the highest volume growth in Malaysia (up 359%), Singapore (up 284 %), and Chile (up 237 %). For the June 1-15 period, the top three markets were Chile (up 379 %), Mexico (up 204 %) and the Russian Federation (up 159 %).

The company has seen its strong volume growth in early 2020 accelerate due to the Covid-19 outbreak.

US brands rely on eShopWorld for its local market expertise and stable platform as well as its ability to keep trade lanes open and support diverse inventory pools. The company can help US brands achieve speed to market in other geographies in as little as 12 weeks.

 

Related Posts

Lightstorm Announces Strategic Partnership with Global GTS Tech, Expanding Market Reach for Polarin, their Cutting Edge NaaS Platform

JAGSoM Delays Placements Calendar to Focus on Student-Learning; Achieves 50% PPOs for 2023 Batch, Highest Package up at USD 103,000