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.

Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
June 14, 2024  |  Retail

Luxury brands in China are reportedly resorting to “unprecedented” discounts to sell unsold inventory and entice cautious Chinese consumers. The price cuts reflect growing concerns...

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Walmart and Amazon Race to Digitize the Physical Store
Walmart and Amazon Race to Digitize the Physical Store
June 14, 2024  |  Retail

As Walmart and Amazon compete to stay at the forefront of retail’s omnichannel transformation, the two industry giants are integrating digital technologies into physical stores,...

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Walmart to Relaunch Private-Label Fashion Brand ‘No Boundaries’
Walmart to Relaunch Private-Label Fashion Brand ‘No Boundaries’
June 13, 2024  |  Walmart

Walmart will relaunch its private-label fashion brand No Boundaries in stores and online July 16. Aimed at young adults, the No Boundaries brand has been...

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EBay to Add Venmo as Payment Option in US
EBay to Add Venmo as Payment Option in US
June 13, 2024  |  Retail

Online marketplace eBay will add Venmo as a payment option in the coming week, saying it aims to expand payment method choice and cater to...

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Poshmark is Throwing a Virtual Shopping Party for Gen Z
Poshmark is Throwing a Virtual Shopping Party for Gen Z
June 13, 2024  |  eCommerce

With young shoppers increasingly seeking more social shopping experiences across digital and physical channels, Poshmark is turning to virtual, live events to generate enthusiasm and...

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Millennial Shoppers Lead Resale’s Growth
Millennial Shoppers Lead Resale’s Growth
June 12, 2024  |  Retail

As consumers turn to secondhand shopping options to manage their budgets amid inflation, millennials are leading the way. By the Numbers For the January edition...

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Consumers Embrace BNPL for Groceries Amid Rising Food Costs
Consumers Embrace BNPL for Groceries Amid Rising Food Costs
June 12, 2024  |  Buy Now Pay Later

Around the world, grocers are exploring buy now, pay later (BNPL) capabilities to offer installment options to consumers struggling with inflation. In the United Kingdom,...

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Worldwide, Large Retailers Deliver More Digital Features Than Their Smaller Rivals
Worldwide, Large Retailers Deliver More Digital Features Than Their Smaller Rivals
June 12, 2024  |  Retail

According to PYMNTS Intelligence, 70% of U.S. consumers are more satisfied when shopping with large merchants than they are when patronizing small and medium-sized businesses...

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TikTok Shop Testing Image Search Capability in US, Southeast Asia
TikTok Shop Testing Image Search Capability in US, Southeast Asia
June 11, 2024  |  eCommerce

TikTok is reportedly testing image search capability for TikTok Shop. This capability allows users to use a photo that they have taken or uploaded to find similar...

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