Shopify sees slowing growth ahead after logging double-digit gains in gross merchandise value (GMV) and revenues. Inflation is a headwind, management said, even as consumers continue to move back to brick-and-mortar commerce. Details in the earnings supplementals show that the company has seen 40% growth...
PYMNTS research reveals that, compared to retail, online grocery has a long way to go. The Context Grocers are doing everything in their power to drive digital adoption, but progress is slow, with consumers continuing to primarily turn to brick-and-mortar for fresh foods rather than...
The slowing of eCommerce in 2022 is a fact, but the scope of that drop in online sales as reported by government sources just doesn’t add up. According to the new report “Digital Economy Payments: The Ascent of Digital Wallets,” the latest in PYMNTS’ long-running...
As grocers look to drive eCommerce sales, curbside is key. With consumers increasingly opting for the convenience of the channel, curbside-only grocers with no public-facing stores have been emerging in an effort to meet this demand without the cost and inefficiencies of running a typical...
Shopify is offering merchants a one-page checkout offering as part of a broader upgrade of its services. “Shopify is innovating the most important surface in commerce: checkout,” the eCommerce platform said in a news release Thursday (Feb. 9). “We’re launching a new one-page design and...
As eGrocers seek to expand accessibility, PYMNTS research reveals that their efforts appear to be working. The Context Grocers have been working hard to drive digital adoption not only with high-earning consumers who have a financial safety net and can pay the premium for convenience...
Saudi Arabia’s eCommerce sector is set to benefit from major investments in new smart warehouses. In the city of Jeddah, the Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed a deal to build 14 new high-tech warehouses that will be operated based...
Product returns as we’ve known it is getting an overhaul as retailers and payment partners find new ways of offering good experiences without losing their shirts. PYMNTS’ Karen Webster was joined by David Sobie, vice president of PayPal’s Happy Returns service, and Drew Cook, chief...
ProducePay has added a virtual storefront feature to its marketplace for the global produce industry. With the new Storefront, growers can create a personalized online destination through which they can market directly to global buyers, ProducePay said in a Tuesday (Jan. 31) press release. “The...
