ecommerce

eCommerce (also known as electronic commerce) is a process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet). This network allows people to do business with no barrier of distance and time.

Amazon Market Valuation Tops $2 Trillion for First Time
Amazon Market Valuation Tops $2 Trillion for First Time
June 26, 2024  |  Amazon

Amazon’s market valuation topped $2 trillion for the first time Wednesday (June 26), driven in part by investor interest in artificial intelligence (AI). The company...

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Consumers Engage Digitally With Restaurants 34% More Than Grocers
Consumers Engage Digitally With Restaurants 34% More Than Grocers
June 26, 2024  |  Consumer Insights

As consumers turn to digital platforms to meet their food needs, their eCommerce adoption of restaurants is greater than for grocery. By the Numbers The...

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Retailers Crack Down on ‘Serial Returners’
Retailers Crack Down on ‘Serial Returners’
June 26, 2024  |  eCommerce

As retailers grapple with the trillion-dollar returns problem, more merchants are beginning to penalize consumers for sending back items. Take Boozt, a Nordic digital department...

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Trending: How Energy Efficient LLMs Could Boost GenAI Use in eCommerce
Trending: How Energy Efficient LLMs Could Boost GenAI Use in eCommerce
June 26, 2024  |  artificial intelligence

UC Santa Cruz researchers have devised a method to significantly reduce the energy costs of running large language models. It’s a development that could significantly...

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Record Labels Take AI Music Generators to Court, Raising Questions for eCommerce
Record Labels Take AI Music Generators to Court, Raising Questions for eCommerce
June 26, 2024  |  artificial intelligence

As the world’s largest record labels take aim at AI-generated music, the targeted companies are pushing back, setting the stage for a legal battle that...

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CEO Interview: Monos Brick-and-Mortar Stores Drive 40% eCommerce Boost
CEO Interview: Monos Brick-and-Mortar Stores Drive 40% eCommerce Boost
June 25, 2024  |  Retail

Monos is growing its brick-and-mortar presence, a move that is not only opening a new sales channel, but also boosting its eCommerce business. In an...

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More Retailers Imitate Prime Day as Consumers Demand Discounts
More Retailers Imitate Prime Day as Consumers Demand Discounts
June 25, 2024  |  Retail

As retailers look to hold their own among bargain-seeking shoppers this summer in the face of competition Amazon’s ever-more-popular Prime Day, Target is the latest...

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ParcelLab Launches AI-Powered Tool for Forecasting, Analyzing Returns
ParcelLab Launches AI-Powered Tool for Forecasting, Analyzing Returns
June 25, 2024  |  Retail

ParcelLab has launched an artificial intelligence (AI)-powered tool that helps retailers anticipate and mitigate the financial impact of returns. By estimating inbound parcels for retailer...

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Target Gets a Marketplace and Shopify Merchants Get Distribution
Target Gets a Marketplace and Shopify Merchants Get Distribution
June 25, 2024  |  Retail

For Target, the most immediate impact adding Shopify sellers to its third-party marketplace may be a lift in its online fortunes. To that end, and...

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