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Tag: Sales

  • Smartphones were used for Thanksgiving Day sales smashing all records

    Smartphones were used for Thanksgiving Day sales smashing all records

    During the coronavirus pandemic, some shoppers may have opted to avoid shops, but they still put several products into the virtual shopping cart.

    According to Adobe Analytics numbers, Thanksgiving Day spending increased by 21.5 percent year over year to $5.1 billion, setting a new high. Internet transactions on Thanksgiving Day 2019 were $4.2 billion. The firm evaluates traffic from 80 of the top 100 U.S. online stores on retail websites and purchases.

    According to Adobe, nearly all of all sales were done on a smartphone.

    There was a 31 percent higher transfer rate of traffic to their pages for merchants providing curbside collection, a sign of how common it is for individuals to shop online and receive orders without visiting shops.

    The strong online shopping data represents a pattern predicted by many retailers and market watchers: after the pandemic, more shoppers skip malls and purchase presents from their couch.

    The public health issue, like just about any part of 2020, has shaken up holiday shopping. In mid-October, stores including Walmart and Target kicked off deals to coincide with Amazon Prime Day. They’ve spread out one-day sales activities, giving shoppers less incentive this Black Friday to hurry to the supermarket.

    The global health crisis would not lessen excitement for shopping, one of the country’s largest retail trade organisations said. Holiday revenues are expected to grow between 3.6 percent and 5.2 percent year over year, according to the estimate of the National Retail Federation, amounting to between $755.3 billion and $766.7 billion. They rose 4 percent last year to $729.1 billion, NRF said. On average, for the last five years, holiday revenues have risen 3.5 percent.

    However the trade organisation said it believes that more of those dollars will be invested online instead of in supermarkets. Compared to last year, it predicted a 20 percent to 30 percent jump in online and other non-store revenue.

    Adobe said it expects the two biggest online shopping days in history to be Black Friday and Cyber Monday. It expects revenues on Black Friday to average between $8.9 billion and $10.6 billion and online sales to total up to $189 billion for the entire holiday season.

  • Is Boxlight Corporation (NASDAQ: BOXL) A Good Stock To Buy?

    Is Boxlight Corporation (NASDAQ: BOXL) A Good Stock To Buy?

    Boxlight Corporation (NASDAQ: BOXL) shares went up 21.28% after it announced that it has received a $22,000,000 investment from The Lind Partners. The company revealed the proceeds from investment and the $34.5 million gross profit from the July offering will be used in future acquisition opportunities. The company is searching for those partners who help the company in establishing its footprint in the global market or enhance the solutions portfolio of the company.

    The investment from The Lind Partners is in the form of a $22,000,000 convertible note and has a 24-month maturity, a 4% APR, and a fixed conversion price of $3.50 per share of Boxlight’s Class A voting common stock.

    As per the agreement Boxlight has the right to make the principal and interest payments in the form of cash or Class A common stock.  Principal payments are due in 20 monthly installments starting from November 2020. The company also has the right to repay the convertible note at any time without any penalty.

    Boxlight Corporation (NASDAQ: BOXL) shares were trading up 21.28% as it gained +0.30 at the time of writing on Tuesday. Boxlight Corporation’s share price went from a low point around $0.33 to briefly over $4.65 in the past 52 weeks, though shares have since pulled back to $1.72. It has moved up 418.18% from its 52-weeks low and moved down -63.23% from its 52-weeks high.  BOXL market cap has remained high, hitting $86.32 million at the time of writing.

    The company has also revealed earlier that it has added three seasoned sales leaders in North America. Scott Willet will be named as the Vice President of sales, North America. His duty is to expand the sales of the company in the largest marketplace. He has a successful background and a well-respected sales leader and has a history of high performance at Dell and most recently, Promethean.

    Michele Gill Conte will be appointed as the Vice President, Strategic Accounts. Michele is an experienced sales professional and a passionate advocate for teachers and students. She has work experience in Sussman Education, Promethean, and Follett Learning. Michele will help Boxlight partners, Schools, and districts in New Jersey, New York, and New England.

    Dan Deem will be appointed as the Vice President Sales, Platforms & Services. Dan will help the company in the sales of the MySTEMKits lesson platform, Boxlight-EOS training services, and MimioConnect blended learning platform. Dan Deen has deep experience in this field and Dan has earlier worked in many executive positions in Panasonic, SAM Labs, Apple, and Promethean.