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.

Stripe Lays Off Some TaxJar Employees
Stripe Lays Off Some TaxJar Employees
August 21, 2022  |  Personnel

Digital payments platform Stripe has reportedly laid off some employees who worked at tax compliance startup TaxJar, which it acquired in 2021. Get the Full...

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Nigerian B2B eCommerce Firm Omnibiz Raises $15M, Plans to Expand
Nigerian B2B eCommerce Firm Omnibiz Raises $15M, Plans to Expand
August 19, 2022  |  B2B Payments

Nigerian B2B eCommerce company Omnibiz has raised $15 million in a pre-Series A funding round and said it plans to expand further in the region....

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Wayfair Clips 5% of Global Workforce After Growth Sputters
Wayfair Clips 5% of Global Workforce After Growth Sputters
August 19, 2022  |  eCommerce

A pandemic surge in growth that unexpectedly sputtered post-COVID prompted online home goods retailer Wayfair to lay off 5% of its global staff, affecting 870...

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Footlocker’s CEO Pick Reflects Retail’s Shift to D2C
Footlocker’s CEO Pick Reflects Retail’s Shift to D2C
August 19, 2022  |  Retail

When your consumers skew digital and your major vendors go direct to consumer (D2C), the store and mall formats that have worked in the past...

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Amazon vs Walmart Weekly: Bring on the Season of Deals
Amazon vs Walmart Weekly: Bring on the Season of Deals
August 19, 2022  |  Retail

When Walmart CEO Doug McMillon told investors “we’re building a different business” this week, the part he left off was that the business is going...

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Can Big Tech and Big Box Make Social Commerce Seamless?
Can Big Tech and Big Box Make Social Commerce Seamless?
August 19, 2022  |  Retail

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Foot Locker Eyes D2C Gains With Ulta Beauty CEO Pick
Foot Locker Eyes D2C Gains With Ulta Beauty CEO Pick
August 19, 2022  |  Retail

In a bid to raise it omnichannel retailing game, Foot Locker has named former Ulta Beauty CEO Mary N. Dillon as its new chief executive....

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An Insider’s View of S. Korea’s $92B eCommerce Market
An Insider’s View of S. Korea’s $92B eCommerce Market
August 19, 2022  |  Cross Border Commerce

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Precision Parts Procurement Platform CNC24 Raises $8.33M
Precision Parts Procurement Platform CNC24 Raises $8.33M
August 18, 2022  |  Investments

Berlin-based startup CNC24 has raised €8.25 million ($8.33 million) in a Series A financing round to further develop its B2B precision parts procurement platform.  Get...

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