Shopify has resolved a two-hour outage that started Wednesday morning (June 3). The company announced the problem at 9:27 a.m. EDT, saying on its Status page that some merchants and customers were encountering issues with one or more functions, including admins, checkouts, storefronts, Retail POS...
The “Global Digital Shopping Index: The AI-Powered Shopper Has Arrived” shows that retail is moving into a new phase. Consumers are no longer just shopping online or using their phones to check prices. They are using mobile devices across the full shopping journey, from product...
eCommerce acceleration firm Pattern Group announced Tuesday (May 19) the launch of Pattern Intelligence, or “Pi,” an artificial intelligence (AI) engine designed to automate marketplace management for global brands. The announcement was made during the company’s annual Accelerate conference. Pi functions as an autonomous execution...
The most revealing number in the latest spate of retail data may not be how much consumers in the United States spent. It may be that 16.9% of all retail sales now happen online. The read-across is that price comparisons and payments choice across digital...
Used-car giant Carvana is reportedly making a push into the new vehicle market. As The Wall Street Journal (WSJ) reported Monday (May 18), the company has acquired a network of seven Stellantis dealerships, a move that the report said is disrupting traditional sales models while...
Picture a flea market the size of a small country. Every stall is run by a different person. Every item is one of a kind. Now imagine walking in and knowing, within seconds, exactly where to go. That is what Etsy is building. And the...
Joshua Kushner’s Thrive Capital has invested about $100 million in Shopify, betting that artificial intelligence could enhance commerce, Bloomberg reported Thursday (May 14), citing unnamed sources. Neither Shopify nor Thrive Capital immediately replied to PYMNTS’ request for comment. Thrive Capital announced in February that it...
Luxury resale used to be a secondary consideration. The numbers say it isn’t anymore. Nearly half of luxury consumers now factor resale value into primary market purchases. Almost 60% prefer the secondary market outright. The RealReal has been building the infrastructure layer for that shift...
As artificial intelligence-powered shopping tools and social commerce platforms redraw online retail, Pattern Group executives said they are positioning the company at the center of that shift as its partner brands look to grow sales online. “We’re beginning to convert international scale into improved efficiency...