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)

Social Commerce
X Growth Reportedly Slows Since Musk Takeover
July 09, 2024

User growth at X has reportedly slowed since Elon Musk’s takeover in 2022. As the Financial Times (FT) reported Tuesday (July 9), the social media platform once known as Twitter is dealing with new competition from Meta-owned Threads, while Musk’s presence continues to be divisive....

eCommerce
High-Income Consumers Shop Online 40% More Than Low-Income
July 08, 2024

When it comes to retail’s digital transformation, consumers with cash to burn are leading the charge. By the Numbers The 2024 edition of PYMNTS Intelligence’s “How the World Does Digital” report drew from a survey of 67,000 consumers across 11 countries that make up approximately...

eCommerce
Shoprite Launches eCommerce Service for Wholesale Buyers
July 03, 2024

Shoprite is launching an eCommerce service for its Cash and Carry stores to streamline wholesale purchases. The South African wholesale brand is making its venture into eCommerce through the service, which allows customers who buy in bulk to “browse and purchase a wide range of...

eCommerce
Nexi Enables Bancomat Pay Transactions on Amazon’s Italian eCommerce Site
July 02, 2024

Customers of Amazon’s Italian eCommerce site will be able to make purchases with Bancomat Pay, following the retailer’s new partnership with Nexi. In the collaboration between the two companies, Amazon.it will use Nexi’s platform to enable customers to make purchases with this additional payment option,...

Social Commerce
TikTok Joins Merchants’ Summer Discounting Dash for Paycheck-to-Paycheck Shoppers
July 01, 2024

As retailers and marketplaces look to summer sales to win the spending of budget-strapped consumers, TikTok Shop is joining the mix with its own discounting event. TikTok announced Thursday (June 27) its “Deals For You Days,” with discounts on “thousands of products” from brands ranging...

Social Commerce
Beyond B2B: How Merchants Use LinkedIn to Reach High-Value Consumers
June 28, 2024

As businesses look beyond traditional marketing channels to reach and influence consumers, one surprising player that has emerged is LinkedIn, with merchants extending the platform beyond B2B into B2C. Amazon, for instance, has garnered a following of 31 million on the platform. The company posts...

eCommerce
Retailers Crack Down on ‘Serial Returners’
June 26, 2024

As retailers grapple with the trillion-dollar returns problem, more merchants are beginning to penalize consumers for sending back items. Take Boozt, a Nordic digital department store operating across Europe. The company shared in a press release Tuesday (June 25) that it has banned 60,000 customers...

Social Commerce
Pinterest Courts Gen Z With Video Sharing Feature
June 26, 2024

Pinterest has begun letting users share videos of their favorite boards to other social platforms. That’s due to a new feature called board sharing, designed to court the world’s youngest and most-digitally engaged generation. “Gen Z makes up over 40% of our global monthly users on Pinterest...

eCommerce
Shopify Pilots AI Assistant for Merchants
June 24, 2024

Shopify is offering merchants early access to a commerce-focused artificial intelligence assistant. The AI assistant, dubbed Sidekick, is one of more than 150 updates Shopify has added to its integrated platform for merchants, the company said in a Monday (June 24) press release. “Sidekick offers...