Pan-African eCommerce giant Jumia is aggressively pursuing profitability by narrowing losses and growing monetization. In a report detailing its fourth quarter and full year 2022 results released Thursday (Feb. 16), the firm said its strategy to reduce losses and accelerate progress towards profitability is paying...
PYMNTS research shows that many shoppers just don’t know how good they have it. This, as findings in “The 2023 Global Digital Shopping Index,” PYMNTS’ leading annual study of consumers and merchants across six countries that examines the frictions consumers experience when shopping and paying...
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...
