(source: en.wikipedia.org)
A video appeared on Instagram a few weeks ago: a granddaughter describing how her grandfather spent decades hand-stitching leather bags in a small workshop, his life’s work now available online for a limited time. The imagery was warm, the narration emotional, the backstory complete. It...
Luxury resale used to be a secondary consideration. The numbers say it isn’t anymore. Nearly half of luxury consumers now factor resale value into primary market purchases. Almost 60% prefer the secondary market outright. The RealReal has been building the infrastructure layer for that shift...
Snap and Perplexity said Wednesday (May 6) that they amicably ended a partnership that would have integrated Perplexity’s artificial intelligence-powered answer engine into Snap’s Snapchat social media platform, The Wall Street Journal (WSJ) reported Wednesday. Perplexity told WSJ that the two companies determined that the...
As artificial intelligence-powered shopping tools and social commerce platforms redraw online retail, Pattern Group executives said they are positioning the company at the center of that shift as its partner brands look to grow sales online. “We’re beginning to convert international scale into improved efficiency...
Etsy is working to offer conversational search both in OpenAI’s ChatGPT and on its own platform. The company said in a Tuesday (May 5) blog post that the Etsy app in ChatGPT is now live in beta and that it is testing a beta conversational...
A decade of visual search data. A taste graph trained on hundreds of billions of interactions. Eighty billion monthly searches every month, half of them commercial. Pinterest has built the shortest path between inspiration and purchase of any platform online. The users are there. The...
The used car market could get a boost from the rising costs of goods and services, Carvana Founder and CEO Ernie Garcia said Wednesday (April 29). During the used car eCommerce platform’s first quarter earnings call, an analyst asked Garcia if more consumers might trade...
TikTok Shop could increase its share of overall retail sales from 1% today to 10% in 2028, The Wall Street Journal reported Wednesday (April 29), citing data from Marshal Cohen, chief retail adviser at market research firm Circana. “The consumer clearly has adopted TikTok as...
PayPal has debuted PayPal Ads ID, which it calls an “advertising identifier” rooted in verified commerce relationships. “The digital advertising industry has long struggled with a foundational identity problem,” the company said in a Monday (April 27) news release. PayPal cited data showing that only...