Comments on Target’s e-Commerce Surge
Target Corporation Reports Surge in 2015 Q4 Sales Growth and Establishes Itself as Major Player in the e-Commerce Industry
SANTA BARBARA, CA–(Marketwired – March 01, 2016) – CloudCommerce, Inc. (OTCQB: CLWD), a provider of advanced e-commerce services to leading brands, today commented on reports that Target Corporation, the second largest retailer in the US, increased online sales by a remarkable 34 percent in Q4 2015.
Target’s online holiday gains, which includes their aggressive free shipping and buy online / pick up in store offerings, outpaced recent e-commerce sales gains for Target’s chief rival, Walmart, and other major retailers. Walmart’s online gains for the fourth quarter were reported as 8 percent, closer to the National Retail Federation reports of 9 percent increases for the US retail industry overall.
With 34 percent growth in its digital sales during the 2015 fourth-quarter holiday season, Target shows that it is gaining momentum in its attempt to establish itself as a more serious player in the e-commerce category. The big-box retailer is likely to respond by establishing a stronger foothold in e-commerce sales as a way to stay competitive and responsive to customer demand. As reported in the Washington Post, the growth accounted for just 5 percent of Target’s total sales for the fourth quarter, but nearly doubled the 2.7 percent share of their online sales for the spring 2015 quarter.
“Consumers in the US and worldwide are increasingly seeking more efficient ways to get products and services from the retailers they trust, “said CloudCommerce CEO Andrew Van Noy. “This new report from Target demonstrates that the e-commerce industry is gaining momentum, and further validates our company’s growth strategy and plans to help our customers successfully compete in the rapidly growing e-commerce arena.”
CloudCommerce, Inc. (CLWD) provides advanced e-commerce services to leading brands. Our customers depend on us to help them compete effectively in the $1.6 trillion worldwide e-commerce market. Our comprehensive services include: (1) development of highly customized and sophisticated online stores, (2) real-time integration to other business systems, (3) digital marketing and data analytics, (4) complete and secure site management, and (5) integration to physical stores. Our goal is to become the industry leader by rapidly increasing the number of customers who regularly depend on us and by acquiring other rapidly growing e-commerce service providers. To learn more about CloudCommerce, please visit www.cloudcommerce.com.
Matters discussed in this shareholder letter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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