(source: en.wikipedia.org)
Retail sales posted a stronger-than-expected gain in August, helped in part by back-to-school shopping, and especially by online purchases. However, data released Tuesday (Sept. 16) by the Census Bureau also contained mixed signals. A few categories notched declines, and data released in a separate report...
Etsy has added artificial intelligence (AI)-powered title suggestions and writing assistance to its tools for sellers. These tools are among several new offerings the company has added to its eCommerce platform ahead of the holiday shopping season, according to a Monday (Sept. 15) blog post. The...
Rent the Runway is continuing to roll out new personalized recommendations and artificial intelligence (AI)-powered enhancements as part of a wide-ranging transformation of its fashion subscription, rental and resale platform. The company’s changes also include improvements to inventory strategy, product innovation and connection with core...
Consumers may be spending more of their retail dollars online, but the single biggest draw to brick-and-mortar stores isn’t groceries, clothes or electronics. It’s lipstick and lotion. That’s one of the unexpected findings in PYMNTS Intelligence’s “How People Pay Report: Health and Beauty Products Draw...
Walmart is offering support at an event and a dedicated office to encourage U.K. and European businesses to use its online marketplaces to sell to customers in the Americas. The company is promoting to these businesses its marketplaces in the U.S., Canada, Mexico and Chile,...
Instacart has launched a partnership with wholesale grocery distributor group Merchants Distributors (MDI). This collaboration, announced Thursday (Aug. 28), is designed to offer Instacart’s eCommerce solutions to MDI’s network of independent grocers. Those grocers, the companies said in a news release, will be able to join the Instacart App to...
Watch more: Agentic AI Needs Strong Verification to Unlock Safe, Scalable Commerce For merchants, the coming wave of agentic artificial intelligence (AI) represents both a revenue opportunity and a rising fraud risk. Artificial intelligence (AI)-powered shopping assistants—algorithms executing purchases on behalf of consumers—are already starting...
ByteDance is reportedly launching a share sale that will value it at $330 billion. The Chinese tech giant plans to offer employees $200.41 per share in the repurchase program, Reuters reported Wednesday (Aug. 27), citing sources familiar with the matter. That figure is up from the $189.90...
Wix says its merchants can now promote and sell products directly on Pinterest. “This integration opens new social commerce opportunities and enhances monetization potential for online stores built on Wix,” the Software-as-a-Service (SaaS) company said in a Tuesday (Aug. 26) email to PYMNTS announcing the...