Online consumer-facing wholesale retailer Boxed is considering selling the company as eGrocers face economic challenges. The eTailer announced Thursday (Jan. 5) that its board and advisors are exploring the possibility of selling the company as well as looking into new ways to access additional capital,...
Months of declining sales have led Stitch Fix to impose layoffs and replace its CEO. Katrina Lake, founder of the artificial intelligence (AI)-powered personal styling site, told employees in a message Thursday (Jan. 5) that the company would cut 20% of its salaried staff. In...
For payments platforms, big retail’s eCommerce efforts beckon as a growth market. For Shopify, big retail may be a tailwind for top-line momentum. To that end, Shopify said on Tuesday (Jan. 3) that it had launched a new tech stack service available in a la...
Shopify says it is opening its eCommerce infrastructure to some of the world’s biggest retailers. That’s the goal behind Commerce Components by Shopify, which the company debuted Tuesday (Jan. 3), describing it as a “modern, composable stack for enterprise retail.” “We’ve always approached innovation at...
Shopify is aiming to grow its revenue by helping retailers deliver targeted ads. The eCommerce platform is using its recently announced partnerships with Meta and Google to identify and help retailers reach potential customers, the Financial Times (FT) reported Monday (Jan. 2). “Especially right now,...
The fast-growing Turkish eCommerce market is catching the attention of global online businesses. According to Guillaume Tournand, vice president of growth and digital commerce at Worldline, Turkey is one of the “high-growth markets” globally where eCommerce growth potential is significantly larger than growth rates in...
Fans of digital commerce got their shop on in 2022, and fresh usage analysis shows advancing behaviors. This, as the penchant for digital commerce and related connected economy activities, showed that consumers were now 10% more likely to engage with devices and digital channels to...
It was good deals or no deal for direct-to-consumer brands this holiday season. This, as inflation-ravaged consumers sought value in all quarters to get the most from their dollars. In reflecting back on the season, Victor Tam, co-founder and CEO of D2C travel and luggage...
Online car buying, where digital tools handle the tedious stuff, is remaking automotive checkout experiences. This was the takeaway from a conversation for PYMNTS’ Commerce Voices Series sponsored by Checkout.com, featuring CarMax Assistant Vice President of Product Ann Yauger and Assistant Vice President of User Experience Design Eric Martin. The...
