The jousting between Amazon and Walmart for eyeballs browsing market places, and share of digital wallet for consumer spending, is finding an evolving battleground in India. Recent comments on earnings calls and announcements from the two commerce behemoths point directly towards the appeal of this...
Payments innovation and digital-first shopping in India is a success story 15 years in the making. Its success can serve as a global playbook for creating an inclusive payments, commerce and financial services culture using mobile technology. The demonetization of cash began in 2016 and...
Over the past few years, the beauty category has witnessed unprecedented growth, leading to a surge in new brands, innovative products, and cutting-edge marketing strategies. However, while the beauty category has thrived and evolved, it doesn’t necessarily mean that retailers not associated with beauty will...
There’s been so much talk about the state of returns, but maybe not nearly enough around shipping. But both services are becoming equally important. The concept of shipping and returns has evolved into an immersive experience. Shipping has influenced the decisions of many shoppers considering...
Groupon is demonstrating progress with its transformation plan, interim CEO Dusan Senkypl said Wednesday (Aug. 9) during the company’s quarterly earnings call. The marketplace for local experiences and services saw positive adjusted EBITDA generation of $15 million in the second quarter of 2023 and is...
Is resale profitable for brands? While that question has yet to be answered, deploying the technology and functionality to create the resale-as-a-service (RaaS) apparently is. At least that’s what it’s looking like for thredUP. “That we are on track to break even in Q4, which...
Do you click on third-party ads? Whatever your answer may be, it’s a part of The RealReal’s 2023 reconfiguration strategy. The resale platform is planning to intensify its third-party advertising. During the company’s second quarter earnings call on Tuesday (Aug. 8), John Koryl, The RealReal’s CEO,...
Online ticket marketplace Vivid Seats has extended its reach into Japan with its acquisition of Wavedash. Wavedash, also known as WD Holdings, is an online ticket marketplace headquartered in Tokyo, according to the press release. Vivid Seats has entered into a definitive agreement to acquire the firm for...
Phillips, an auction house known for handling the work of up-and-coming artists, is reportedly entering the world of eCommerce. The house will begin selling fine art directly to collectors through its new online platform, Dropshop, on Aug. 20, Bloomberg reported Monday (Aug. 7). The launch is part of...
