Google plans to invest in Indian digital commerce company Flipkart. The move will make Google a minority investor in Flipkart’s latest funding round, which is led by Walmart, Flipkart said in a Friday (May 24) press release. The proposed investment is subject to regulatory and other customary approvals, according...
When consumers buy groceries online, they place their trust in retailers, not marketplaces. By the Numbers The PYMNTS Intelligence report “How Preferred Payment Availability Can Reduce Cart Abandonment” drew on insights from a survey of more than 3,500 U.S. consumers to better understand their behaviors...
As direct-to-consumer food providers compete to become more relevant in consumers’ day-to-day lives, ButcherBox is expanding its reach into pet food, creating more occasions for its customers. The D2C meat and seafood brand launched its ButcherBox For Pets line Feb. 27. ButcherBox founder and CEO Mike Salguero discussed in an...
Digital commerce platform Lightspeed has a new CEO: its old CEO. Dax Dasilva, who founded the company in 2005 and served as its chief executive until February 2022, will return to serve as interim CEO, Lightspeed announced Thursday (Feb. 15). The appointment is an immediate one, the company...
December 12, 2023
Consumers are using social media to buy products, and apparel, beauty, and food and beverage are the three categories they shop the most. A total of 45.5% of consumers buy apparel on social media, followed by beauty products at 32.8% and food and beverage at 32.2%, according to “Tracking the Digital Payments Takeover: Monetizing Social […]
December 11, 2023
Physical commerce, via face-to-face, card-present payments, is largely a smooth experience, Swee-May Ngeow, vice president of North America client strategy and solutions at Visa, told PYMNTS in a recent interview....
November 29, 2023
In today’s digital-first economy, online shopping has become increasingly popular across various sectors. However, when it comes to online grocery shopping, there is a gender divide. The PYMNTS Intelligence study...
September 23, 2022
Ideas around using data insights to pinpoint what value and experience really mean to consumers as huge economic trends overlap are the obsession of brands, merchants and payments firms as...
June 03, 2024
Zara is reportedly bringing its live-shopping broadcasts — already popular in China — to the U.S. The fast fashion brand is aiming for new ways to attract shoppers as sales cool following a post-pandemic boom, Reuters reported Monday (June 3). The report noted information from retail analytics company EDITED showing that five-hour live shopping broadcasts […]
May 24, 2024
Google plans to invest in Indian digital commerce company Flipkart. The move will make Google a minority investor in Flipkart’s latest funding round, which is led by Walmart, Flipkart said in a Friday (May...
February 15, 2024
Digital commerce platform Lightspeed has a new CEO: its old CEO. Dax Dasilva, who founded the company in 2005 and served as its chief executive until February 2022, will return to serve as...
November 28, 2023
The Thanksgiving holiday weekend saw a record-breaking number of consumers engaging in shopping. Over the five days from Thanksgiving Day through Cyber Monday, 200.4 million shoppers participated, surpassing last year’s...
