(source: en.wikipedia.org)
If this is TikTok’s last Christmas in America, it’s not going out quietly. The social media platform’s shopping arm, TikTok Shop, has seen heavy levels of consumer spending so far this holiday shopping season, Reuters reported Saturday (Dec. 7), citing its own analysis of spending...
After three years of ownership, secondhand clothing marketplace ThredUp has sold Remix, its European reCommerce platform. The company announced the divestiture Tuesday (Dec. 3), the results of a management buyout led by Florin Filote, general manager of Remix. The deal sees ThredUp retaining a minority...
Shopify merchants saw their sales rise 24% and hit a record $11.5 billion during this year’s Black Friday-Cyber Monday weekend. More than 76 million customers around the world bought from brands using the Shopify eCommerce platform over the weekend, the company said in a Monday...
Embedded finance is no longer optional. As competition intensifies, firms that embrace these innovations will lead the way, while those that hesitate risk falling behind. From buy now, pay later (BNPL) to business credit cards, embedded finance offerings are reshaping how payment facilitators (PayFacs), independent...
TikTok has reportedly begun courting Amazon sellers and staff despite a pending U.S. ban. The video-sharing giant’s eCommerce arm TikTok Shop is persuading Amazon sellers to sample its service, promising low fees and high discounts, CNBC reported Monday (Dec. 2). At the same time, TikTok Shop has hired talent away...
Mobile shopping is reportedly gaining ground during this year’s holiday shopping season. The growth is being driven by the convenience provided by refinements retailers have made to the mobile shopping experience, Reuters reported Friday (Nov. 29). While consumers used to browse on their mobile phones but go to...
Shopify reportedly is targeting enterprises as it works to maintain the growth of its commerce platform. Long focused on helping small businesses set up their online shops, the company has launched a dedicated effort to add bigger companies like its existing clients Reebok, Overstock and Barnes & Noble,...
Elon Musk’s social media loss has — so far — not been Mark Zuckerberg’s gain. Following the election of Donald Trump earlier this month, users began fleeing X, the social media platform owned by the Trump-supporting Musk. But as the Financial Times (FT) reported Saturday...
Global commerce platform WEX added a digital shopping solution to its Medicare Advantage supplemental benefits platform. The Medicare Advantage marketplace expands the brick-and-mortar merchant network to which Medicare Advantage members already have access, according to a Thursday (Nov. 21) press release. Now, members can buy...