As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend. The company has introduced Gucci’s newly opened flagship store, now accessible on China’s JD.com. This...
Consumers in China have started trading down, and the country’s eCommerce giants are acting accordingly. Companies like Alibaba and JD.com have launched campaigns to promote lower-priced items, The Wall Street Journal (WSJ) reported Monday (Aug. 21). “We try to give users an experience that good merchandise doesn’t have to be...
Big tech companies like Google and Apple will soon face sweeping new regulations in Europe. As The Wall Street Journal noted in a report Sunday (Aug. 20), the new laws mark the largest expansion of regulations ever seen in the west, similar to the restrictions...
A data breach at Tesla in May was apparently the work of insiders. That’s according to a notice from the Maine attorney general issued Friday (Aug. 18), which said the breach impacted 75,735 people, nine of them from Maine, who are apparently current or former...
Sneaker rental platform Kyx World learned a hard lesson in January. Demand for its shoes dropped, and it had to abruptly cease operations just a month after securing a round of seed funding, Sole Retriever reported at the time. Maybe sneaker rentals weren’t the way to go. The company...
Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand. In the “Disbursements Satisfaction Report 2023: Instant Payouts Reach an Inflection Point” report, PYMNTS provides...
Where Instacart goes, the question follows: will other eCommerce platforms follow? At this writing, the online grocer is mulling a traditional initial public offering, and the details are slated to become more concrete as soon as next week. If the plans do come to fruition, it...
X owner Elon Musk said Friday (Aug. 18) that users of the social media platform formerly known as Twitter will no longer be able to block content posted by unwanted followers. “Block is going to be eliminated as a ‘feature’, except for DMs [direct messages],”...
The Honest Company, a digital startup founded by actress Jessica Alba, is reportedly looking to boost its physical presence by expanding its partnership with Walmart. The company, which has primarily relied on eCommerce for its sales, is hoping that a store-within-a-store concept at the retail...
