Amazon says customers saved more than $1 billion during its October shopping event. The eCommerce giant touted this statistic in a Thursday (Oct. 10) press release in the wake of its latest Prime Big Deal Days event, which it dubbed its “biggest ever.” While not providing specific figures,...
Mercado Libre is witnessing a consumption recovery in Argentina amid a period of “profound economic transition.” The Latin American eCommerce/FinTech platform announced Tuesday (Oct. 8) that it had sold a record 20 million products on its platform in August. “While in the first months of...
Instacart says it is expanding its advertising partnership with streaming TV platform Roku. As the food delivery company noted in a news release Wednesday (Oct. 9), Roku and Instacart have been collaborating since last year to offer advertisers insights to gauge the impact of TV...
Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a monthslong search by Richemont for a new owner for Yoox Net-a-Porter (YNAP). “Mytheresa and YNAP have each earned a strong...
TikTok Shop has teamed with Storfund to offer sellers an embedded cash flow solution. The new offering, dubbed Daily Advance, is the first of its kind in a major U.S. marketplace, according to a Monday (Oct. 7) press release. It will see Storfund — a London-based FinTech providing...
Temu’s attempt to attract Amazon’s merchants has transformed the way both companies do business. That’s according to a report Sunday (Oct. 6) by The Wall Street Journal (WSJ), which said Amazon has developed a new storefront that showcases the sort of lower-priced products found on...
Amazon and Walmart are improving their search capabilities with next-gen technologies such as generative artificial intelligence (AI) in an effort to increase consumers’ spending and loyalty. Amazon shared Wednesday (Oct. 2) how new features are improving the visual search experience. These include showing images to...
Indian eCommerce giant Flipkart is getting into the reCommerce business. The company on Wednesday (Sept. 25) introduced “Flipkart Reset for Business,” a mobile app designed to help small and big sellers of refurbished products across the country to connect with last-mile customers. “The demand for refurbished products is surging,...
When GlassCraft Door Company set out to transition its product line of doors to an online platform, the challenge was immense. Traditional eCommerce solutions simply couldn’t accommodate the vast array of options available. In an interview with PYMNTS, Donald Polansky, senior manager of corporate systems...
