Report: E-Commerce Prices Have Skyrocketed Because of Inflation

Online shopping prices have rapidly increased since the start of the pandemic as consumers rely more on e-commerce, according to an industry report.

While e-commerce prices trended downward between 2015-2019 as online shopping grew in popularity, the sector has seen unprecedented increases over the last year, the report published by Adobe Digital Insights on Wednesday found. At the same time, consumers are spending more purchasing goods and food online than ever before.

Read More

Amazon Plans to Open Department Stores

Amazon is planning to open department stores where consumers can purchase a variety of goods like clothing and electronics, The Wall Street Journal reported.

The planned expansion of Amazon brick-and-mortar stores is the online retail giant’s latest attempt to disrupt the industry, according to a WSJ report Thursday. The Seattle-based company has recently expanded its brick-and-mortar grocery store footprint, opening 17 Amazon Fresh stores nationwide, and is developing at least 20 more, Bloomberg reported.

Read More

New E-Commerce Facility to Bring over a Thousand Jobs to Tennessee

A golden lab and black lab in front of a Chewy box

Chewy Inc. plans to build a new e-commerce fulfillment center in Wilson County that will lead to 1,200 new jobs, Tennessee officials and the company announced Tuesday.

Details on the size, cost or economic incentives related to the project, projected to open in fall 2022, were not immediately released. Once finalized, those details will be included in the state’s economic development database in the next 15-30 days, according to the Tennessee Department of Economic and Community Development.

“At 1,200 jobs, Chewy will become one of the top three largest employers in Wilson County,” TDECD Commissioner Bob Rolfe said in a statement.

Read More