Saying it needs to offset rising labor and logistics costs, Amazon is for the first time imposing an added fee on some sellers during this year’s holiday season. The retail giant will charge an average fee of 35 cents per item on goods sold through...
Egyptian consumer electronics retailer B.TECH has launched “deel,” an omnichannel platform for local merchants. “The deel app offers merchants the full spectrum of services to ensure efficiency and transparency while helping merchants start and further grow their businesses,” the company said in a Monday (Aug....
As some restaurant delivery aggregators struggle to maintain sales growth in the face of global macroeconomic headwinds, multinational food delivery service Delivery Hero is seeing success improving the economics of the model with targeted incentives to boost average order value (AOV). On call with analysts...
Payment solutions provider for developers Cardknox is integrating with end-to-end payment solution firm Verifone to enable merchants to keep up with the latest consumer payment preferences for card-present transactions. Cardknox strives to offer support for the broadest range of terminal options, and its integration with...
The Neat Company has eliminated the standard 1% fee for ACH transactions, a move the company said makes it unique among small business financial platforms. According to a Tuesday (Aug. 16) news release, this means the company’s platform “essentially becomes free” to small businesses that...
Home Depot Pro’s investments to digitize its business customer relationships are paying off. “For the Pro customer, we continue to invest in the ecosystem of capabilities, including enhanced fulfillment, more personalized online experience, as well as other business management tools to drive deeper engagement with...
Today in Europe, the Middle East and Africa (EMEA) news, Ted Baker is to be bought by Authentic Brands Group for $253 million, while Remitly has agreed to acquire Israeli remittance solution Rewire for $80 million. Authentic Brands Set to Acquire UK’s Ted Baker at...
Amid ongoing inflation, many consumers are growing more conservative in their spending, cutting back on luxuries and sticking more to the basics. Walmart, the world’s largest grocery retailer, is seeing the effects of the shift from restaurants to supermarkets as well as from more premium-priced...
In what will likely be a never-ending duel between Amazon and Walmart, as their online platforms expand, it is the seller-focused marketplaces — integrating everything from catalogs to fulfillment — that will help craft a competitive advantage. Platforms, of course, are ever-extensible, and operators are...
