TikTok reportedly hopes to expand its U.S. eCommerce business to $17.5 billion this year. That ten-fold increase, the subject of a Wednesday (Jan. 3) Bloomberg News report, sets the stage for the company to become a larger threat to rivals such as Amazon, Shein and Temu....
Global merchants in eCommerce are grappling with countless challenges and opportunities in today’s digital era. Against this backdrop, building a thriving cross-border business demands a comprehensive strategy that navigates complexities while capitalizing on avenues for growth. The concept of “good authorization hygiene” emerges as a...
Increasingly throughout this past year, meal kits have begun to be not so much their own discrete category as an integrated piece of a larger food eCommerce system. Take, for instance, Blue Apron. In late September, omnichannel food hall company Wonder, founded and led by...
Online retailer Zulily is calling it quits. In the latest update from PYMNTS regarding Zulily, once navigating the choppy waters of a fiercely competitive sea, has disclosed its intentions of undergoing a liquidation process. In fact, just seven months into its tenure under new ownership,...
Social platforms such as TikTok, Facebook and Instagram have made it quicker and easier for consumers worldwide to share their shopping stories and start retail trends. It is little wonder, then, that retailers and influencers are eager to harness this power for themselves. The development...
Matchesfashion has officially changed hands. Frasers Group, the British retail conglomerate, has acquired the luxury multibrand retailer for £52 million ($65 million) from private equity firm Apax Partners. Apax had purchased Matches in 2017 from its founders, Tom and Ruth Chapman, in a deal valued at...
ReCommerce platform Soum has raised $18 million to expand through the Middle East. The company, founded in Saudi Arabia in 2021, now hopes to extend its business into other parts of the Middle East and North Africa (MENA), beginning with the United Arab Emirates (UAE), the firm’s leaders...
As grocers look to close the digital adoption tab between higher- and lower-income consumers, leading players in the space are increasingly adding new options for Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) recipients. Amazon, for its part, has been expanding its acceptance of SNAP...
Tokens.com has launched a proprietary eCommerce platform that allows product placement and advertising within virtual gaming worlds like Roblox and Fortnite. The new Valor platform within Metaverse Group enables players within these environments to scan branded items, claim offers and earn points that can be redeemed for rewards, the company said in a...
