Commerce

Commerce relates to "the exchange of goods and services, especially on a large scale". It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade.

(source: en.wikipedia.org)

eCommerce
Only 22% of US Consumers Prefer Payment Options on Brand Websites
June 04, 2024

Cart abandonment — when online shoppers select items with the apparent intention to buy, only to leave those items sitting in digital limbo — happens on every eCommerce website, but PYMNTS Intelligence data reveals that it is especially common on brands’ sites. Get the Full...

Social Commerce
Will Gen Z Put a New Face on Social Commerce?
June 04, 2024

Meta’s recent news that it is seeing a surge in younger users may help set the stage for a rising tide in social commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

eCommerce
Shopify Acquires Checkout Blocks to Help Merchants Customize Checkout
June 03, 2024

Shopify has acquired Checkout Blocks, a company offering a no-code solution that lets Shopify merchants customize their checkout. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

eCommerce
Shein Begins Extending Resale Platform to Europe, Starting With France
June 03, 2024

Shein has begun extending its resale platform to France, the United Kingdom and Germany. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Social Commerce
TikTok Shop Puts European Plans on Hold, Concentrates on US
May 31, 2024

TikTok has reportedly decided to put its plans for expanding its eCommerce business in major European markets on hold. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Social Commerce
TikTok Denies Report That It’s Developing US-Only Algorithm
May 30, 2024

TikTok has denied a Reuters report that it is developing a clone of its recommendation algorithm specifically for its 170 million U.S. users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

eCommerce
High-Income Shoppers Likeliest to Abandon Carts Online
May 30, 2024

As shoppers engage with eCommerce channels, high-income consumers prove, perhaps counterintuitively, to be the most likely to ditch their would-be purchases without completing the transaction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

eCommerce
Amazon Sellers Turning to Google Ads to Reach Shoppers
May 30, 2024

Amazon sellers are reportedly increasingly turning to Google Ads to boost their business and stand out in the crowded marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

eCommerce
Volatility and Uncertain Access to Capital Roil Direct to Consumer Brands
May 28, 2024

For direct to consumer companies, volatility may be the key certainty in an uncertain environment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...