Rebooted as a direct-to-consumer (D2C) brand, Jenny Craig will now benefit from the widespread expansion of its audience beyond just the locations it can service within reach of brick-and-mortar locations. Following the weight loss brand’s acquisition and relaunch by Wellful, an omnichannel health and diet...
The continued buildout of Nike’s digital channels and direct-to-consumer (D2C) sales, as well as the brand’s inextricable ties to an ecosystem, are helping buck pressures on discretionary spending. The company reported fiscal first-quarter earnings results last week that showed Nike Direct revenues reached $5.4 billion,...
Dan Chandre, Squarespace vice president, head of Acuity and payments, told Karen Webster that a key to connecting merchants with his firm’s platform lies with payments. And to that end, Squarespace’s taking on the mantle of payments facilitator. “It’s the beginning of an evolution,” he...
The pandemic era ushered in many favorable trends for global eCommerce businesses, but times have changed, says Pranav Sood, EMEA executive GM at payments firm Airwallex, as international merchants grapple with outdated payments infrastructure and solutions that no longer meets their needs. This situation has...
Much like their American counterparts, consumers in Poland are trading down. However, that apparently hasn’t stunted the growth of Allegro, that country’s largest eCommerce platform, as Reuters reported Thursday (Sept. 28). The company said it expects core earnings growth to speed up at home as wages in Poland...
Thrasio, a prominent eCommerce startup specializing in acquiring consumer brands sold on Amazon, is reportedly grappling with financial difficulties following a decline in online spending in the wake of the COVID-19 pandemic. To tackle this issue, the company is actively exploring restructuring options and has...
The United States Justice Department has filed a complaint against eBay, accusing the online marketplace of unlawfully selling and distributing products that violate environmental regulations. The complaint, filed on behalf of the U.S. Environmental Protection Agency (EPA), alleges that eBay violated the Clean Air Act (CAA), the Federal Insecticide, Fungicide,...
Worldline has launched a consultancy service to help its eCommerce clients gain revenue and improve payment operations. The service, announced Tuesday (Sept. 26), is designed to help businesses optimize existing operations and identify new markets where cross-border transactions and revenues “are rising rapidly,” the payments company said. “In...
LTK has added an in-app cart and checkout experience that offers brands the opportunity to expand their distribution through its creator-guided shopping experience. The new “Buy Now with LTK Cart” feature is now available both on the company’s Creator Commerce platform and for integration on Shopify, LTK said in...
