Alibaba Group’s new CEO, Eddie Wu, has reportedly elevated artificial intelligence (AI) and user experience to be the company’s top priorities moving forward. As Alibaba faces competition in the eCommerce industry, the company must adjust its approach and become AI-first, Wu said in a memo...
TikTok is rolling out its shopping platform to its U.S. audience. “TikTok Shop will now bring shoppable videos and LIVE streams directly to For You feeds across the country — and give brands, merchants and creators the tools to sell directly through shoppable content on...
ION Treasury has introduced an enterprise-level treasury management system and payment hub solution. The newly expanded Wallstreet Suite is designed for the world’s largest organizations, central banks and government agencies, the global provider of treasury and risk management solutions said in a Tuesday (Sept. 12) press release. The solution...
Instacart’s upcoming initial public offering (IPO) will arrive at a time when the grocery sector is poised for rapid growth, as today’s young consumers mature. The aggregator could go public as soon as next week. The news comes as many consumers are increasing their online...
Fashion retailer Zara is reportedly facing challenges with its new anti-shoplifting system. The system, which relies on RFID technology to replace hard security tags on apparel items, was expected to be rolled out globally in July. However, the implementation has been delayed due to issues...
The owner of the Westfield malls group is reportedly rethinking its plan to exit the U.S. Instead, The Wall Street Journal reported Tuesday (Sept. 12), Paris-based Unibail-Rodamco-Westfield will hold onto some of its best-performing malls, while still getting rid of most of its properties in the U.S. by the...
Today, consumers crave the ability to maximize their precious free moments, and convenience in shopping is the key to achieving this. Not only does convenience spare them the laborious effort associated with traditional shopping — navigating bustling stores, hunting for items, enduring lengthy checkout lines,...
Are America’s dog and cat owners beginning to switch to cheaper pet foods? The grocery trade-down wave has been underway for months as inflation continues, but pet products managed to avoid that trend. But the tide could be turning, according to a Tuesday (Sept. 12) Wall Street...
British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money in funds overseen by BlackRock, letting users invest as little as a single British pound, according to the company website....
