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...
For eCommerce merchants, if you aren’t first, you might as well be last. While not a golden rule, in today’s fast-evolving environment, the quote rings truer than it otherwise would. The pace of digital innovation has rapidly transformed the behavioral expectations of consumers, putting the...
TikTok is reportedly in early-stage talks with Indonesian regulatory authorities to obtain a payments license. The ByteDance-owned social media platform’s application has been favorably received by Indonesia’s central bank, Reuters reported Friday (Aug. 4). A payments license would enable TikTok to benefit from transaction fees and would help local...
What happens after a breakup? One would hope that you shed the dead weight and find yourself again. After offloading its logistic arm and conducting layoffs, Shopify has successfully done so and has redirected its attention towards its primary objective: creating eCommerce platforms for a...
Bed Bath & Beyond is making a comeback in the U.S. Following its acquisition by Overstock.com in June for $21.5 million and its website launch in Canada, the company has announced the official launch of BedBathandBeyond.com in the U.S. “This is a historic day for Bed Bath...
