E-commerce Shopping Cart Software Developers in the US Industry Market Research Report Now Available from IBISWorld - YAHOO!
Revenue for shopping cart software developers has been on the rise, even during the recession. Consumers' increasing comfort with online shopping has boosted revenue for e-tailers, the key downstream market for the industry. As a result, demand from e-tailers for shopping cart software has been rising. However, price competition among operators is constraining profit growth. Over the next five years, revenue will continue rising, and consolidation will help stabilize profit and increase major players' market share. For these reasons, industry research firm IBISWorld has added a report on the E-commerce Shopping Cart Software Developers industry to its growing industry report collection.
Los Angeles, CA (PRWEB) July 19, 2012
IBISWorld estimates that revenue for the E-commerce Shopping Cart Software Developers industry will increase at an annualized rate of 2.8% to $345.4 million in the five years to 2012. Industry growth slowed during the recession; however, the industry has continued to grow thanks to the proliferation of e-commerce. Small and medium-size businesses have increasingly opened e-commerce websites that require shopping cart software. Furthermore, a greater proportion of services are conducted online now more than ever. These two factors, coupled with an expanding number of broadband connections, have made this industry's products necessary for many aspects of an increasingly digital world, says IBISWorld industry analyst Kevin Culbert.Industry revenue is expected to grow 4.5% in 2012, boosted by continued improvement in the economy and growth in downstream markets. In spite of this growth, the number of firms operating in the industry is expected to decline during the year. While a large number of enterprises entered the industry during the early to mid-2000s, industry operators have started to consolidate, evidenced by Web.com Group Inc.'s acquisition of Network Solutions in October 2011, continues Culbert. As a result of such acquisitions, the number of firms operating in the industry has increased just 0.7% annually on average to 119 in the five years to 2012. The E-commerce Shopping Cart Software Developers industry has a low level of concentration and no major players. The industry is expected to continue consolidating over the next five years.
Many of the industry's products have little product differentiation, which has led to price competition over the past five years. Although price competition softened profit margins, industry consolidation is expected to bring profit to a normalized level. In the next five years, the industry will continue to benefit from factors that have driven growth during the past decade. An increasing percentage of services conducted online and growth in the E-Commerce and Online Auctions industry – the primary sources of downstream demand – will contribute to strong industry growth over the five years to 2017. During that time, IBISWorld estimates that industry revenue will increase 5.6% annually on average to $453.5 million. For more information, visit IBISWorld’s E-commerce Shopping Cart Software Developers in the US industry report page.
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IBISWorld industry Report Key Topics
This industry comprises establishments that primarily develop software for e-commerce shopping carts. Shopping cart software is designed to perform various functions, including easing the buying process; storing confidential credit card, address and shopping history information; up- and cross-selling; allowing feedback and reviews; and monitoring customer behavior in the cart.
Industry Performance
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Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
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Major Companies
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About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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Hotel Near Bloomingdale's in NYC Announces New Summer Shopping Package - NBCNews.com
NEW YORK, NY — A summer break that includes a grand shopping excursion to Bloomingdale's is easily created with the help of shopping packages from one of the most sophisticated and hip hotels New York City has to offer.
Starting with a $500 Bloomingdale's gift card and a two-night stay in one of the plush Carriage House Suites of the Renaissance New York Hotel 57, the Bloomingdale's Shopping Experience at this 4-star hotel in New York is ideal for dedicated shoppers looking to combine fine shopping with a grand NYC stay.
Two levels of shopping packages at this sophisticated choice among hotels near Bloomingdale's in New York are available based on accommodations, value of the gift card and added amenities. Rates start as low as $339* and both packages include daily breakfast for two in this NYC shopping hotel's famed Opia Restaurant; champagne upon arrival; a Bloomingdale's VIP Passport to Savings including a 15% off savings card and additional discounts; free personal shopping services, and complimentary package delivery to the Renaissance 57 Hotel so shoppers can enjoy the city without worrying about their purchases. Complimentary valet parking is also included.
Valid through December 31, 2012 these Bloomingdales Shopping Experience packages are great whether shopping for a special occasion, the holidays or looking to create an event all your own.
'Dapper Details' - An ideal choice for netting outstanding savings from Bloomingdale's iconic flagship store and receiving a VIP beauty experience. Guests will be dapper as they set out on their shopping adventure with a hefty $500 Bloomingdale's gift card in hand as this package also includes an all-day VIP beauty experience at Bloomingdale's with a private facial, make-up application and hairstyling or a hot shave while enjoying champagne; special goodies and samples from preferred fragrance and beauty retailers; an exclusive back-of-house Louis Vuitton Heritage tour; a king-size Louis Vuitton Toiletry Bag for toting home the samples, and lunch at David Burke's Burke Bar Café or Le Train Blue.
'Serious Shopping' - This package is perfect for those serious about shopping while also enjoying the sights and sounds of the city as it includes a $50 Bloomingdale's gift card per room and choice of complimentary make-up application, facial, hairstyling or hot shave at Bloomingdale's preferred partner counters per guest.
A standout among 4 star hotels in New York, this trendy Manhattan lodging combines modern couture and classic elegance to provide guests with a stylish New York City stay. Showcasing a completed couture masterpiece by award-winning Jordan Mozer, this boutique hotel features a contemporary European design with warm colors and upscale furnishings. Pampering guests with marble bathrooms, artistic décor and attentive service, guests enjoy accommodations that feature luxury linens, Plug-In technology, international cable/satellite service with premium movie channels over a flat screen TV, an iPod dock and high speed Internet access.
Accommodations for the Bloomingdale's Shopping Experience package can easily be booked online by clicking "Check Availability" and using promotional code SHO at http://www.marriott.com/hotels/travel/nycbr-renaissance-new-york-hotel-57/ or by calling 1-800-228-9290.
*Rates are per room per night and valid seven days a week through 12/31/12 based on availability at the time of reservation. A seven day-advance purchase is required. Please visit hotel website for additional terms and conditions. http://www.marriott.com/specials/mesOffer.mi?marrOfferId=764026&displayLink=true
About the Renaissance New York Hotel 57
The Renaissance New York Hotel 57 is conveniently located in the midst of popular Manhattan destinations and welcomes guests with luxury accommodations and warm service for a remarkable New York City hotel experience. Starting with world-class Fifth Avenue shopping or grand Carnegie Hall performances and including nearby Central Park, fine dining, exciting galleries and exquisite museums, guests don't have far to go to enjoy the flavorful cultures and vibrant energy of this hotel's prominent 57th Street address.
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Beyonce and Blue Ivy's New York shopping spree! - Marie Claire
Beyonce and Blue Ivy caused quite a stir in New York yesterday, as they hit the city's swanky Bergdorf Goodman store for an afternoon shopping spree.
And don't they look gorgeous?
ADORABLE PICS! THE KNOWLES-CARTER FAMILY ALBUM
Every inch the proud mum, Beyoncesmiled from ear to ear as she stepped out onto the New York street with tiny Blue Ivy in her arms.
Dressed in a colourful printed playsuit and gold flats, the starlet showed off a siren red lip - and new blonde braids piled on top of her head.
But it was little Blue Ivy who really stole the show.
The first time we've set eyes on the tot this month, the adorable youngster snuggled into her mum's arms, sporting tiny cropped trousers, a colourful blouse and a shock of dark hair.
Could Harper Beckham have a fashion rival?
What do you think of Beyonce's new blonde braids? Isn't little Blue Ivy adorable? Leave your thoughts in the comments box below…
ADORABLE PICS! THE KNOWLES-CARTER FAMILY ALBUM
IS BEYONCE HOLLYWOOD'S MOST STYLISH CELEBRITY MUM?
Canada May Wholesale Trade Report (Text) - Bloomberg
The following is the text of Canada’s wholesale trade report for May from Statistics Canada.
Wholesale sales rose 0.9% in May to $49.8 billion. The increase was largely the result of higher sales in the computer and communications equipment and supplies industry, the motor vehicle industry and the food industry.
In volume terms, wholesale sales were up 0.4% in May.
Computer and communications equipment and supplies sales post the largest gain
In May, four of the seven subsectors, accounting for about 70% of wholesale sales, reported increases.
The largest advance in dollar terms was in the machinery, equipment and supplies subsector, which grew 2.6%. This result was primarily attributable to higher sales in the computer and communications equipment and supplies industry (+7.3%), which had the largest increase since April 2008.
The second-largest gain was in the food, beverage and tobacco subsector (+1.4%) as a result of higher sales in the food industry (+1.5%), which makes up nearly 90% of the subsector.
Wholesale sales in the motor vehicle and parts subsector grew 1.6% in May. The entire increase was attributable to higher sales in the motor vehicle industry (+2.9%).
Since the beginning of 2012, motor vehicle wholesalers have seen a return to growth following a year of relatively flat sales in 2011.
The largest decline in dollar terms was in the miscellaneous subsector. Sales fell 0.9%, following a 9.4% increase in April.
Sales up in most provinces
In May, eight provinces posted higher wholesale sales.
Wholesalers in Quebec contributed the most to the national increase, followed by wholesalers in Alberta.
In Quebec, sales were up 2.3% in May, a fourth straight increase.
Sales rose 1.5% in Alberta, mainly as a result of growth in the machinery, equipment and supplies subsector, which accounts for almost a third of the province’s wholesale sales.
Ontario posted a 0.2% increase in wholesale sales in May.
Inventories up slightly
Inventories edged up 0.1% to $59.7 billion in May. Inventories rose in 15 of the 25 industries.
Wholesalers in the lumber, millwork, hardware and other building supplies industry (+3.4%) and in the motor vehicle industry (+3.6%) had the largest inventory increases in dollar terms.
The inventory-to-sales ratio declined from 1.21 in April to 1.20 in May.
The inventory-to-sales ratio is a measure of the time in months required to exhaust inventories if sales were to remain at their current level.
Note to readers
All the data in this release are seasonally adjusted and in current dollars, unless otherwise noted.
Wholesale sales expressed in volume are calculated by deflating current dollar values using import and industry product price indexes. Since many of the goods sold by wholesalers are imported, fluctuations in the value of the Canadian dollar can have an important influence on the prices of goods bought and sold by wholesalers.
The wholesale sales series in chained (2002) dollars is a chained Fisher volume index with 2002 as the reference year.
To contact the reporter on this story: Ilan Kolet in Ottawa at ikolet@bloomberg.net
To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net
REFILE-UPDATE 1-Canada May wholesale sales jump on computers, autos - Reuters
* May leap is second consecutive unexpected advance
* Computers, autos, food sales fuel increase
OTTAWA, July 19 (Reuters) - Canadian wholesale sales posted their second consecutive unexpected jump in May, rising 0.9 percent from April to C$49.77 billion ($49.28 billion) on higher sales of computers, autos and food, Statistics Canada data indicated on Thursday.
Analysts had predicted a 0.3 percent increase. Statscan revised April's month-on-month advance down to 1.2 percent from an initial 1.5 percent, still far more than the 0.2 percent rise market operators had been expecting that month.
Sales of computer and communications equipment leaped by 7.3 percent from April, the largest month-on-month growth since April 2008. Food sales were up by 1.5 percent while auto sales increased by 2.9 percent.
Four of the seven subsectors, accounting for about 70 percent of wholesale sales, reported increases in May. In volume terms, sales were up by 0.4 percent.
Inventories edged up by 0.1 percent while the ratio of inventory to sales dropped to 1.20 from 1.21. Wholesale sales in May were 6.2 percent higher than in May 2011.
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