Yoox Net-A-Porter (YNAP) is reportedly exiting China amid weak consumer spending in that country. The Richemont-owned luxury eCommerce platform is moving to focus on its core and more profitable markets, Bloomberg reported Friday (June 14), citing an emailed statement from a Richemont spokesperson. The Net-A-Porter platform was launched in...
With young shoppers increasingly seeking more social shopping experiences across digital and physical channels, Poshmark is turning to virtual, live events to generate enthusiasm and engagement. The resale marketplace announced Thursday (June 13) the launch of Posh Party LIVE, a real-time virtual event centered on...
TikTok is reportedly testing image search capability for TikTok Shop. This capability allows users to use a photo that they have taken or uploaded to find similar items in TikTok Shop, TechCrunch reported Tuesday (June 11). The image search feature is now available to all users in the United...
Embedded payments company NMI enhanced its integration with Shopify. The updated offering ensures NMI’s independent sales organization (ISO) partners, software providers and payment professionals can offer their merchants an integrated payment experience that aligns with Shopify’s latest requirements, according to a Tuesday (June 11) press...
Temu may be the new kid on the eCommerce block, but it’s becoming one of the biggest. That’s according to a new survey by U.K. marketing firm Omnisend, which found that 34% of shoppers purchase something from the Chinese retailer — which debuted in the...
China unveiled rules designed to fuel international warehouse construction and expand cross-border eCommerce. The draft rules from China’s commerce ministry cover both incoming and outgoing cross-border eCommerce in an attempt to bolster cross-border data management and the supervision of exports, Reuters reported Tuesday (June 11)....
As beauty brands look for ways to gain digital shoppers without being able to offer in-store product trials, eCosmetics is seeing sampling prove vital to winning over new customers. Alex Irvin, co-founder at the online retailer, which sells beauty and personal care products, explained in...
Alibaba.com has launched a new service in which it does more of the legwork involved in cross-border trade. For products sourced through Alibaba Guaranteed, which was officially launched Thursday (June 6), the global B2B eCommerce platform fulfills the orders itself and handles finance, the company...
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. As we detailed...
