Ikea, the furniture retailer, is reportedly looking at launching an online site that sells its own products as well as furniture from competitors. According to a report in The Financial Times citing Torbjörn Lööf, chief executive of Inter Ikea, the retailer is finishing up the details...
U.K.-based FinTech SumUp, which helps small to medium-size businesses (SMBs) take card payments, has acquired Shoplo, a multichannel eCommerce platform. The move was a bid to expand its reach and to provide its merchants entry into different online marketplaces like eBay, Etsy and Facebook, according...
A former Snap executive is planning to take on Amazon with the launch of a new eCommerce platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Among the hottest battles for eCommerce market share involves private label products, with a recent move from Walmart among the latest developments in that particular arena. But the growing use of those brands to attract sales is also leading to more focus on potential challenges...
Zoovu, a company that provides artificial intelligence (AI)-powered digital assistants in a software-as-a-service suite for brands, has raised $14 million in a series B financing round, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Amazon sold its stake in Cloudtail, an Indian online retailer, to comply with new eCommerce rules in the country. According to a report in Bloomberg, Amazon put together a quick deal to sell the stake so that Cloudtail could resume selling products on its platform....
Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Amazon wants to get more exclusive — and it wants other companies to help with that effort by developing product lines meant to be sold only via the eCommerce operator. That move comes as Amazon has had trouble wooing some direct-to-consumer brands. Get the Full...
There’s an old saying in battle that the enemy of your enemy is your friend. In eCommerce, all sorts of alliances emerge, with Amazon squarely in sight. And according to recent news on the eCommerce front, Google has lost a friend, seemingly, in at least part...
