The additional tariffs imposed by President Donald Trump on China, Canada and Mexico reportedly include a provision that will eliminate a longstanding rule that allows small packages to enter the U.S. without a paying a tariff. This rule — the “de minimis” exemption that applies...
Auction house Sotheby’s reportedly shut down its Buy Now eCommerce business in mainland China, though it will continue that business in Hong Kong. The Buy Now program was shut down in China in recent months amid a slowdown in demand in that market, the Financial...
The soon-to-be-released recurring payments feature of Brazil’s payment system, Pix, is reportedly expected to draw $30 billion in eCommerce payments alone to Pix in two years. The recurring payments feature, Pix Automático, is expected to launch in June and will allow users to automate the...
Turns out, we can learn a lot of things about people by studying rats. When the scientific world wants to better understand human behavioral psychology, they often run extensive experiments using them. I’m reading an interesting book about urban development and population density called Rat...
When consumers are selecting an online store at which to make a purchase, free shipping is the offering that is most commonly on their checklist. Free shipping is an online shopping feature that 66% of consumers take into account when selecting an online store, according...
Best Buy is preparing to launch a digital marketplace platform that will allow third-party sellers to integrate their products into the retailer’s website and app. The new Best Buy Marketplace will launch this summer, the company said in a Thursday (Jan. 16) announcement. “We’re incredibly...
The rules of retail are changing fast, and data is the ultimate playmaker. From anticipating customer preferences to optimizing supply chains, the ability to harness and act on data has become nonnegotiable. Yet for many retailers and grocery merchants, data readiness remains an elusive goal....
Online fashion resale market Poshmark launched a partnership with returns-focused commerce platform Loop. According to a Wednesday (Jan. 8) press release, the collaboration is designed to offer an alternative to what the companies said is a common customer pain point: missing a return window or...
Digital marketplaces are becoming an important growth channel in retail, as global sales were projected to reach $3.8 trillion last year. To succeed in this environment, brands must adopt the right strategies to leverage these platforms’ unique advantages. One trend is the rise of hybrid...
