The battle continues between the nation’s two largest retailers with Amazon holding — and growing — nearly 10-times the market share over rival Walmart in the key eCommerce category. As inflation descended, the battle moved to nonessentials, at which Amazon has proved unbeatable. We examine...
Apparel resale marketplace thredUP reported a difficult third quarter as apparel overstocks and endless discounting chipped away its value-priced advantage. The confluence of record industrywide apparel overstocks and a hyper-promotional environment strained the resale marketplace, as did high returns and a slowing in its core...
Cross-border payment service provider LianLian Global is teaming up with three European FinTechs to boost financing options for eCommerce merchants. The company said named the three firms in a Monday (Nov. 14) press release: Spanish eCommerce technology company RITMO, as well as the embedded finance...
American Express has teamed with TikTok for the “#ShopSmall Accelerator,” a program designed to help small businesses reach Gen Z shoppers. According to a Monday (Nov. 14) news release, the partnership coincides with “Small Business Saturday,” the AmEx-sponsored holiday that follows Black Friday. Beginning Monday,...
TikTok has reportedly entered the U.S. eCommerce market, competing with the likes of Amazon as well as other social media brands looking to become shopping destinations. As Semafor reported Friday (Nov. 11), TikTok users can now purchase items via the app with a feature known...
With the launch of Amazon.com.be last month, Amazon’s European business now covers a bloc of Northern European countries consisting of France, Belgium, Germany and the Netherlands. Yet the popularity of the U.S. eCommerce giant is not evenly distributed across the bloc, and in Belgium and...
Half of all grocers are looking to step up their digital presence, their customer experience (CX) or both. By the Numbers Research from PYMNTS’ study “Big Retail’s Innovation Mandate: Convenience and Personalization,” created in collaboration with ACI Worldwide, which drew from a survey of 300...
Mobile commerce looks to be sailing against the wind, so to speak, as new research finds the drop-offs in other digital shopping methods have not been seen in the mobile commerce niche, which continues to grow and add digital share. The PYMNTS study, “Digital Economy...
Used vehicle eCommerce platform Vroom is making progress on its goal of achieving profitability and liquidity ahead of growth, company executives said Tuesday (Nov. 8) during the company’s quarterly earnings call. The company had announced this goal during an investors day event in May and...
