Used-car giant Carvana is reportedly making a push into the new vehicle market. As The Wall Street Journal (WSJ) reported Monday (May 18), the company has acquired a network of seven Stellantis dealerships, a move that the report said is disrupting traditional sales models while...
Picture a flea market the size of a small country. Every stall is run by a different person. Every item is one of a kind. Now imagine walking in and knowing, within seconds, exactly where to go. That is what Etsy is building. And the...
Joshua Kushner’s Thrive Capital has invested about $100 million in Shopify, betting that artificial intelligence could enhance commerce, Bloomberg reported Thursday (May 14), citing unnamed sources. Neither Shopify nor Thrive Capital immediately replied to PYMNTS’ request for comment. Thrive Capital announced in February that it...
Luxury resale used to be a secondary consideration. The numbers say it isn’t anymore. Nearly half of luxury consumers now factor resale value into primary market purchases. Almost 60% prefer the secondary market outright. The RealReal has been building the infrastructure layer for that shift...
As artificial intelligence-powered shopping tools and social commerce platforms redraw online retail, Pattern Group executives said they are positioning the company at the center of that shift as its partner brands look to grow sales online. “We’re beginning to convert international scale into improved efficiency...
Etsy is working to offer conversational search both in OpenAI’s ChatGPT and on its own platform. The company said in a Tuesday (May 5) blog post that the Etsy app in ChatGPT is now live in beta and that it is testing a beta conversational...
The used car market could get a boost from the rising costs of goods and services, Carvana Founder and CEO Ernie Garcia said Wednesday (April 29). During the used car eCommerce platform’s first quarter earnings call, an analyst asked Garcia if more consumers might trade...
PayPal has debuted PayPal Ads ID, which it calls an “advertising identifier” rooted in verified commerce relationships. “The digital advertising industry has long struggled with a foundational identity problem,” the company said in a Monday (April 27) news release. PayPal cited data showing that only...
Watch more: Need to Know With Scott Saeger of David’s Bridal David’s Bridal just made it possible to find, fall in love with, and buy a wedding dress without ever opening a browser tab. Here’s why that changes everything, and not just for brides. Somewhere...