Poshmark is shuttering some overseas operations and paying greater attention to America’s recommerce market. “In order to focus on Poshmark’s North America business and drive meaningful growth in its core markets of the United States and Canada, the company has made the difficult decision to close...
BMW Group is dipping its toe in the water with direct-to-consumer (D2C) sales, beginning with its Mini brand, as the auto industry increasingly integrates eCommerce. The luxury vehicle company announced Wednesday (Oct. 18) that, starting Jan. 1, it will sell the brand’s automobiles in Italy,...
French banking group BNP Paribas has created a FinTech aimed at European eCommerce players. Dubbed “Panto” and launching with the help of 321founded, the offering gives marketplaces “a dedicated payment management solution that guarantees smooth and secure transactions,” the companies said in a news release provided to PYMNTS...
Amazon will open its doors to sellers in South Africa beginning next year. Starting Tuesday (Oct. 17), independent merchants in the African nation can register their businesses, the retail giant said in a news release. “We look forward to launching Amazon.co.za in South Africa, providing...
Goodwill is increasing its eCommerce focus amid competition from brands like Poshmark and ThredUp. “There’s so much competition coming into the market now,” Matt Kaness, chief executive of GoodwillFinds eCommerce, told The New York Times (NYT) in an interview Sunday (Oct. 15). “So all the donations — the billions of pounds of...
Amazon has reportedly tested a “Buy Again” feature to entice shoppers into repeat purchases. The company has placed the new feature in a tab on the “most prized real estate” on its app home page, The Wall Street Journal (WSJ) reported Wednesday (Oct. 11). According to the report,...
With Amazon reportedly in discussions with Waitrose, eCommerce giant seems to be moving further into the grocery aggregator space, and if these efforts make their way to the U.S., the company could soon wage battle against Instacart. London-based publication The Telegraph reported that Waitrose, a...
As major retailers struggle to strike the balance between winning grocery delivery customers from competitors and boosting margins per order, Amazon continues to adjust its free delivery minimum for its Prime subscribers. The eCommerce giant announced Thursday (Oct. 5) that it has lowered the threshold...
Beyond just integrating alcohol purchasing into grocers and liquor stores’ digital platforms, beer wine and spirits eCommerce provider DRINKS is bringing its technology to merchants entirely outside the beverage category. This week, the company announced the sale of its direct-to-consumer (D2C) business to focus on...
