Retail group Costco announced a $2.2 billion, 50-year partnership with Amway that will allow it to expand its U.S. retail footprint in the states of Georgia, Georgia, South Carolina, Alabama, and Florida, and into the rest of the country.
The deal is expected to be announced Wednesday by Costco Chairman and CEO Michael S. Strain, who also serves as chairman and CEO of the retailer’s parent company, Amway.
According to a statement released by Costco, the agreement with AmWay will help Amway increase its sales in the U.
It seems like the year is finally here for retailers to start taking the leap into e-tailer mode.
As of June 2018, there were 2,064,076 e-retailers worldwide, according to the latest data from data provider eMarketer.
However, the industry is still a ways off from reaching the peak of 1.9 million retailers in 2020, according the eMarket report.
That’s still a lot of companies to manage, let alone to maintain.
There are a few ways retailers can improve their customer experience online, says Michael Nocera, founder and CEO of Nocerotica, a marketing and e-shopping firm.
He points out that the first step is to create a well-designed site and the second is to build an online presence that makes the most of social media.
“When we say ‘social,’ we mean something like liking a product or a post, following someone else, sharing an image, posting something, sharing a link, posting a comment,” Nocerca says.
“The big thing is that you need a website that’s engaging.
You need something that makes people want to come back and use your product.”
The first step: Create a well designed site