Chinese eCommerce giant JD.com has launched a shopping platform in Europe. Joybuy, which debuted Monday (March 16), serves six European countries, including the U.K. and Germany, along with the Netherlands, France, Belgium and Luxembourg. “The UK and Europe have some of the savviest shoppers in the world, and we’re...
Stitch Fix used its fiscal second-quarter earnings call to highlight how artificial intelligence and data-driven personalization are reshaping the way consumers discover and purchase apparel on its platform. The company described a retail model powered by algorithms, data signals and stylist collaboration. Rather than relying...
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...
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,...
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...
When Shopify enables sales through artificial intelligence (AI) chatbots later this month, the merchants using its platform will pay OpenAI a 4% fee on sales made through the ChatGPT checkout, on top of the fees charged by Shopify, The Information reported Wednesday, citing a Shopify spokesperson. Sales made...