Back-to-School Season Spurs Increase in Global eCommerce Transactions, According to Latest ACI Worldwide Data
September 14, 2020 at 02:00 AM EDT
New data from ACI Worldwide (NASDAQ: ACIW) shows global eCommerce transactions increased by 24 percent in August 2020 compared to August 2019. The analysis of hundreds of millions of eCommerce transactions from global merchants showed that sales of back-to-school items, which increased 56 percent from January through August 2020 compared to the same period in 2019, were among the main drivers, along with sporting, outdoor, pet supplies and DIY goods.
“The increase in eCommerce transactions in August compared to the previous month can be attributed primarily to back-to-school purchases as students and families face the new normal this fall,” said Debbie Guerra, executive vice president, ACI Worldwide. “With countless students experiencing various curriculum scenarios—from exclusively online to a hybrid approach—there is an increased need for in-home educational items such as online course material, digital content, computers and desks. Moreover, clothing merchants have seen an increase in school and college wear purchases for those planning to attend school in-person.”
The gaming sector continued to see significant growth in August (109%) compared to July (52%), driven by new game releases as well as stay-at-home restrictions that are forcing consumers to find indoor entertainment. Pet supplies also saw increased demand (94%) from January through August 2020 compared to the same period in 2019. “Recreational activities from gaming indoors to spending more time with pets—due to a surge in pet adoption—has driven much of the increase in purchases within those sectors,” Guerra continued.
eCommerce purchasing trends:
*As chargebacks take approximately 45 days to process, the most current complete data is from July 2020.
About ACI Worldwide
ACI Worldwide powers digital payments for more than 6,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers’ premises, through the public cloud or through ACI’s private cloud, we provide real-time payment capabilities and enable the industry’s most complete omni-channel payments experience.
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