(source: en.wikipedia.org)
Carvana shares climbed as much as 9.3% Wednesday (Aug. 19), after dropping 14% over the previous two days, when a report said billionaire Mark Walter wouldn’t be able to immediately sell his stake in the online car retailer, Bloomberg reported Wednesday. Walter, the CEO of...
For every $100 Americans spent at retailers in the second quarter, $17.10 went through eCommerce, extending a gradual but persistent redirection of retail spending toward digital channels. The 17.1% share reported for the second quarter of 2026 by the U.S. Census Bureau in its “Quarterly...
Moneris Solutions Corp., a Canadian provider of payments and commerce solutions that is jointly owned by BMO and Royal Bank of Canada (RBC), is set to be acquired by global investment firm Francisco Partners, Moneris said in a Monday (Aug. 10) press release. Francisco Partners...
Brunello Cucinelli replaced its traditional eCommerce site on Jan. 21 with a platform that builds a different shopping experience for each visitor rather than routing everyone through the same fixed pages and menus. The system, called Callimacus, was developed by Solomei AI, the Italian luxury...
The RealReal has spent the past year rebuilding its core operations around artificial intelligence, and growth has been accelerating alongside it. The company’s intake system, Athena, now automates authentication and cataloging steps that once required manual attribution, and a new pricing algorithm evaluates more than...
A year after lowering the threshold for free shipping in Brazil, Mercado Libre has seen the offering drive “a structural change in behavior,” the eCommerce and FinTech company said in a Wednesday (Aug. 5) press release reporting its second-quarter earnings results. Since Mercado Libre made...
eCommerce accelerator Pattern is seeing a “virtuous cycle” in which the company uses its data to deliver results to brands, other brands see that success, and those brands provide the company with more data, Pattern Co-Founder and CEO Dave Wright said during a Wednesday (Aug....
Issuer processing is moving closer to the moment when payment data becomes a decision, giving financial institutions a clearer path to approve more legitimate purchases and manage risk more precisely. That shift anchors “Where Payment Decisions Happen: How Issuer Data Is Powering the Next Era of...
TikTok is reportedly testing a membership program for U.S. shoppers, similar to Amazon Prime. That’s according to a report Friday (July 24) from Business Insider, citing screenshots of the offering seen by its journalists. According to the report, the program is called TikTok Shop Plus,...