(source: en.wikipedia.org)
Pattern Group’s fourth quarter results, posted after the market closed on Thursday (March 5), reflect broader shifts underway in digital retail as brands expand across more marketplaces and artificial intelligence begins to influence how consumers discover products online. Pattern operates a technology platform that helps...
Financial stress is no longer just shaping what Americans buy. It is reshaping how they pay. That was the central insight of “Consumer Financial Stress Is Changing the Rules of Shopping and Payments,” a January PYMNTS Intelligence Data Book. The report found that while overall...
Mastercard and eCommerce enabler Bosta are partnering to support small- to medium-sized businesses (SMBs) in Egypt by introducing a dedicated discount program for Mastercard Business cardholders. The program will provide these SMBs with access to preferential benefits across Bosta’s logistics services, the companies said in...
Snap positioned artificial intelligence (AI) as the core lever for improving advertiser performance and driving more profitable growth during the fourth-quarter earnings call. The company said it is embedding AI end to end across its advertising platform, from creative development to campaign delivery and optimization,...
Bankrupt department store company Saks Global is ending its eCommerce partnership with Amazon. That’s according to a Friday (Jan. 30) report from Reuters, which noted that the arrangement between the two companies had already been strained when Saks filed for bankruptcy last month, even though...
Online shopping is growing 1.5 times faster in Latin America than it is in the rest of the world, Reuters reported Tuesday (Jan. 27), citing data from consulting firm Endeavor and eCommerce firm MercadoLibre. The region’s eCommerce is expected to reach $215.31 billion this year,...
Influencer marketing has become a routine part of shopping, but its real power lies less in persuasion and more in starting the process. That was the central takeaway from the PYMNTS Intelligence report “Generational Pulse: Just How Influential Are Influencers?,” based on a survey of...
Saks Global’s eCommerce unit, Saks OFF 5th Digital, gained a court’s permission to hire a liquidator and sell its inventory amid its bankruptcy, Bloomberg reported Friday (Jan. 23). The unit is being run by independent managers, and the court’s decision does not affect Saks Global’s brick-and-mortar stores, according to...
TikTok will continue to operate in the United States as a new, majority American-owned joint venture called TikTok USDS Joint Venture LLC. The joint venture has three managing investors—Silver Lake, Oracle and MGX—each of which holds 15%, it said in a Thursday (Jan. 22) press release. Its China-based former...