12 Companies Leading The Way In Shopping Online Sites
Top 5 Shopping Online Sites
Shopping online can bring many benefits including convenience, affordability and a greater selection of products. There are some drawbacks of shopping online, for example the difficulty in obtaining satisfactory customer service.
Wayfair is among the most popular shopping websites for furniture as well as decor and household items. The site gets millions of customers every month.
Wish is an online search engine that has similar functionality to Pinterest. It utilizes gamification to engage users and has more than 100 million users.
eBay
eBay is an online marketplace that provides a variety of items for purchase. Its decentralized structure and advanced tools allow sellers and buyers to connect in a secure manner. The website provides payment processing services. Its Buyer Protection Program protects buyers against fraud and counterfeit items. The website is also completely free to use. It is run by eBay Inc, a multinational ecommerce company headquartered in San Jose, California.
EBay is a popular site, famous for its auctions, now offers more traditional shopping options, including fixed-priced items as well as storefronts. It is among the most popular shopping sites online, and is ranked at number 110 in the Alexa Internet Traffic ranking (Amazon comes in at number 12). In addition to its ecommerce features, eBay has a robust search engine that allows users to locate items using a broad range of criteria. Its search engine has also been optimized for mobile devices, and has customizable filters.
Although eBay is a well-known brand in the world of e-commerce but it is also in the face of competition from newer direct-to-consumer ecommerce sites and marketplaces on the internet. Despite these challenges eBay remains a preferred choice for both business and consumer. Its vast customer base and lower costs make it a popular option for business owners.
One of the biggest challenges for sellers on eBay is finding a balance between price competitiveness and shipping costs. Many sellers offer free or low-cost shipping in order to attract customers, but this can reduce their profits. It is vital that sellers study local shipping rates and tax to avoid overcharging their customers.
Customer service is essential for eBay sellers. A customer service that is prompt and friendly can have a significant effect on buying decisions. They can also build brand loyalty and increase retention of customers. eBay listings should also have precise and clear descriptions of the products.
Best Buy
If you're in the market for electronics, appliances or mobile phones, Best Buy is your destination. The company has its headquarters in Richfield, Minnesota and operates stores across the United States and Canada. The retailer also sells its products online, offering the possibility of home delivery. A wide range of products are available with professional delivery teams and services such as setup and haul-away. Customers can also take advantage of financing options with special rates for qualified purchases.
In 1989, founder Richard Schulze introduced a new concept for stores called "Concept II." The new stores were well-stocked with showrooms, an emphasis on tech products rather than traditional furniture and appliances and commission-free salespeople. This move was controversial with some suppliers like Maytag, Whirlpool and Sony, expressing displeasure over the commission-free sales environment. However, Best Buy quickly saw its profits increase in the rise in the popularity of digital products.
Best Buy's customer service is top-notch, with a 24/7 helpline that's ready to answer any questions you have. The goal of the company is to make sure you have a positive experience with your purchase.
Best Buy offers its customers a rewards program in addition to its affordable prices and wide selection of products. You can earn reward points for every purchase. These points can be redeemed to get certificates that will reduce the cost of purchases in the future. Fobes advises that you always look for prices that end in.92--that means the item is priced less than the cost of the store and is a bargain.
Another benefit of the My Best Buy membership is free shipping on most online orders, which can be picked up at the store or delivered to your home. The company also offers an easy return policy which allows you to test out your new products before making the commitment.
Nasty Gal
The story of Nasty Gal is an illustration of how a startup can be a success and even a failure. It was founded in 2006 and the online retailer sold close to $100 million worth of clothing and accessories last year. Recently the company declared bankruptcy. Analysts believe that the company's inability retain customers is the primary cause of many problems.
Sophia Amoruso founded Nasty Gal in 2002 as an eBay vintage store at the age of 22 years old. She was a community-college dropout at the time. She lived in the house of her stepmother and checked IDs of students at an art school. She earned $13 per hour. Her edgy attitude and style attracted young girls. Her shop turned into a popular online brand among twenty-somethings.
In its early days, Nasty Gal relied heavily on heavy advertising and marketing. This strategy is profitable in the long term however, only if you are able to convert one-time customers to loyal customers. The company eventually ran out of cash and was afflicted with a "leaky bucket" situation.
In the highly competitive fashion industry, companies need to be able to operate efficiently to sell enough product to make a profit. However, according to Siegel, Nasty Gal's mostly young employees were focused on the creative side instead of the financial aspects. This weighed on the company, without increasing sales. Furthermore, the company's decision to open two stores in Shepherdsville, Kentucky, drained the company's resources and did not improve profits. These actions contributed to the financial demise of the company due to the loss of its cash flow. Since the time, the company filed for bankruptcy. It was bought by Boohoo, which is a British company.
Urban Outfitters
Urban Outfitters is a popular retailer that offers a unique mix of boutique brands and brands for men and women. The product line of the company includes footwear, clothing and accessories. It also offers a range of homewares that are a bit gimmicky and musical items. The company is known for its exceptional customer service and boasts one of the highest Net Promoter Scores in the business. Customers who are excited about recommending the brand's products to others are referred to as Promoters. Detractors are those who are dissatisfied with the product of the brand.
The company has made strides in regards to sustainability, but it must improve its transparency and labor practices. The use of non-organic cotton is a concern, and the company's obsession with fast fashion styles can lead to poor quality. In the end, customers who are looking for sustainable shopping alternatives are looking for alternatives to Urban Outfitters.
One of the most common problems with shopping online is problems with the inventory of the business. It is normal for websites to announce that an item has been purchased, however, it will arrive weeks after. This is frustrating for those who wish to buy a gift before the time of a holiday. The website can also be difficult to navigate.
Another problem with Urban Outfitters is its lack of commitment to sustainable practices. Urban Outfitters does not reveal how many chemicals are employed in its products, and it does not work to eliminate harmful chemicals from its supply chain. This is why it scores poorly on environmental and social metrics. The company does not have a comprehensive policy for animal welfare.
The Frankie Shop
In the age of the influencer, The Frankie Shop has been able to stand out from its competitors who are multi-brand by championing an intimate relationship with fashion. Gaelle Drevet is an original New Yorker who is also a French-born woman. She founded the brand to cater to women like her who aren't in line with the standards or cuts of most clothes. She also wanted to build a sense of community that encouraged authenticity and a fervent sense of self.
Drevet launched her first boutique in New York's Lower East Side in 2014 and then launched the e-commerce website two years later. The brand has since expanded to Paris where it has two brick-and-mortar stores and an online store. The store stocks the entire brand, as well as a variety of other brands that have become cult favorites.
The most well-known pieces of the brand are its oversized silhouettes, minimalistic basics and neutral colors. The luxurious details also feature prominently. The best seller continues to be its blazers, Hand Strength Coc 3.5 (stay with me) including its padded muscle tees and boyfriend blazers as well as leather blazers. The label's pleated trousers, Oxford shirts, and large coats also remain popular.
The brand is also renowned for carrying emerging brands that reach cult status like Ganni, Walk of Shame and the current vegan leather darling Nanushka. It is recognized for identifying trends well before they become mainstream. The editors of the brand are always looking for the next big thing.
Drevet's approach has placed The Frankie Shop as a viable alternative to fast-fashion retailers, which have had a tough time in recent months due to an overcrowded and Vimeo saturated market. Unlike many multi-brand retail platforms, which offer own and third-party collections, The Frankie Shop is able to maintain its curated ethos by having a low percentage of wholesale to owned-brand items. The strategy has been successful for the brand and has resulted in its following of influencers of more than 1.3 million on Instagram.