News

Latin America
JPMorgan Chase Says Long-Term Trends Point to Growth in LatAm 
November 23, 2022

With a growing amount of investment and commerce appearing to be headed to Latin America over the long term, JPMorgan Chase & Co. reportedly expects to continue growing its financial services offerings in the region.  Latin America is benefiting from the nearshoring trend of manufacturing...

Retail
Retailers Focus on Turning Deal Chasers into Brand Loyalists
November 23, 2022

There are different types of online shoppers, obviously, but knowing and understanding three key shopper personas identified in recent research has been shown to increase the odds of conversion, as each places a slightly different — yet significant — importance on their particularly checkout needs...

eCommerce
Mirakl Taps Cluster’s Billion-Product eCommerce Database
November 23, 2022

Cluster, a data provider for marketplaces and online retailers that has compiled a catalog of over a billion products, announced on Wednesday (Nov. 23) that it has forged a strategic partnership with the French eCommerce marketplace software provider Mirakl. Cluster’s tools and features will now...

Delivery
Uber Taps Rapid Delivery Partner Zapp to Drive Cross-Platform Spending
November 23, 2022

Ride-hailing company Uber Technologies announced Wednesday (Nov. 23) that it is partnering with the British 20-minute convenience delivery app Zapp to offer the latter’s products on the Uber Eats marketplace in Central London. “We’re excited to partner with Zapp to offer round the clock convenience as one...

B2B Payments
Photon Energy Debuts B2B eCommerce Platform for Solar Industry in CEE
November 23, 2022

Solar technology component wholesale distributor Photon Energy Technology has launched a B2B eCommerce platform for its photovoltaic installer (PV) customers in Central and Eastern Europe (CEE) markets. The new platform is designed to complement the company’s traditional sales channels, grow and diversify its customer base,...

Retail
Retail CFOs See Bigger Markdowns Ahead of Holidays
November 23, 2022

As the busiest shopping season of the year gets underway, retail CFOs are facing shrinking profit margins as their companies offer more markdowns to drive sales. Among retailers who reported third-quarter earnings through November 22, the average margin on earnings before interest and taxes fell...

Loyalty & Rewards
Rewards Drive eCommerce Engagement With Price-Sensitive Grocery Shoppers
November 23, 2022

In the face of consumers’ ongoing price concerns, grocers are leveraging rewards and other digital offers to drive sales and maintain loyalty. Take Netherlands-based multinational grocery retailer Ahold Delhaize, which is seeing its discounting efforts via its rewards programs pay off. In a presentation accompanying...

Retail
Livestreamed Commerce Hits the Streets With Debut of Digital Window Shopping
November 23, 2022

Shoppers in New York City accustomed to browsing the decorated storefronts of Manhattan’s busy shopping district are about to get a glimpse of the future as livestreamed window shopping will make its debut Wednesday evening (Nov. 23) in the nation’s largest city. In announcing the...

Retail
NYC Dethrones Hong Kong as Most Expensive Retail Center
November 23, 2022

Continued COVID-19 restrictions in China have stripped Hong Kong’s famed luxury district of its title as the world’s most expensive retail destination, a mantle that now belongs to New York’s Fifth Avenue. That’s according to a Tuesday (Nov. 22) report by the Financial Times (FT),...