ecommerce

eCommerce (also known as electronic commerce) is a process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet). This network allows people to do business with no barrier of distance and time.
Macy’s Future Hangs in the Balance as Department Stores Face Reckoning
Macy’s Future Hangs in the Balance as Department Stores Face Reckoning
March 04, 2024  |  Retail

With the rise of eCommerce having transformed the way consumers engage with brick-and-mortar retail, traditional department store chains such as Macy’s are forced to adapt...

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Mercado Libre Appoints Andre Chaves to Head Brazilian FinTech Business
Mercado Libre Appoints Andre Chaves to Head Brazilian FinTech Business
March 01, 2024  |  Personnel

Mercado Libre, an eCommerce and payments platform in Latin America, appointed Andre Chaves as the new head of its FinTech business in Brazil. “Very humbled and excited...

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How D2C Brands Can Harness GenAI for Laser-Targeted Searches
How D2C Brands Can Harness GenAI for Laser-Targeted Searches
March 01, 2024  |  Retail

As direct-to-consumer (D2C) brands look to improve the digital experience to drive conversion, children’s sleepwear brand Bellabu Bear is seeing generative artificial intelligence (AI) open...

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Ocado CEO: ‘It’s Amazing’ How Many eGrocers Botch the Basics
Ocado CEO: ‘It’s Amazing’ How Many eGrocers Botch the Basics
March 01, 2024  |  eCommerce

As digital merchants compete for consumers’ growing online grocery spending, Ocado Group said one of the biggest challenges to driving penetration across the industry is key players’...

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Walmart and Amazon’s Retail Tug-of-War Now Focused on AI
Walmart and Amazon’s Retail Tug-of-War Now Focused on AI
March 01, 2024  |  Retail

This week, Amazon increased its investments in artificial intelligence, as the eCommerce giant and rival Walmart adopt new technologies to remain competitive. Amazon’s $1 billion Industrial Innovation Fund is ramping up investments in...

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The RealReal Taps Personalized Messaging to Drive Loyalty
The RealReal Taps Personalized Messaging to Drive Loyalty
February 29, 2024  |  eCommerce

Amid ongoing consumer belt-tightening, The RealReal is seeing personalized messaging go a long way toward incentivizing spending. John Koryl, CEO of the luxury resale marketplace, shared...

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Best Buy Rethinks Its Stores for the Click-and-Mortar™ Shopper
Best Buy Rethinks Its Stores for the Click-and-Mortar™ Shopper
February 29, 2024  |  Retail

With the emergence of omnichannel shopping reshaping consumers’ expectations of brick-and-mortar stores, Best Buy is reconceptualizing its physical spaces. On a call with analysts Thursday (Feb. 29)...

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Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
February 29, 2024  |  eCommerce

Cart abandonment, a key element of increasing online conversion, poses a significant challenge for online marketplaces, retailer and brand sites. This issue is increasingly worrisome...

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Squarespace Hits $1 Billion in Revenue as It Takes on Payments Facilitator Mantle
Squarespace Hits $1 Billion in Revenue as It Takes on Payments Facilitator Mantle
February 28, 2024  |  Earnings

Squarespace announced its financial results for the fourth quarter of 2023 on Wednesday (Feb. 28), revealing a milestone: The company that helps individuals and businesses...

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