PYMNTS-MonitorEdge-May-2024

ecommerce

eCommerce (also known as electronic commerce) is a process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet). This network allows people to do business with no barrier of distance and time.

Retailers Rethink Policies as Returns Fraud Spikes Everywhere
Retailers Rethink Policies as Returns Fraud Spikes Everywhere
October 17, 2024  |  Retail

Returns fraud is a growing global issue, costing retailers billions annually. Recent estimates suggest that fraudulent returns account for up to 13% of total returns...

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Back-to-School Shopping Drives Consumer Spending Surge in September
Back-to-School Shopping Drives Consumer Spending Surge in September
October 17, 2024  |  Economy

September’s retail sales data showed a (slight) acceleration of spending from August, though we’re well off past peaks. And speaking of past peaks — looking...

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Data-Driven and Customer-Centric: Inside Lands’ End’s Digital Transformation
Data-Driven and Customer-Centric: Inside Lands’ End’s Digital Transformation
October 17, 2024  |  Retail

It was Walt Disney who once said, “We keep moving forward, opening new doors, and doing new things, because we’re curious, and curiosity keeps leading...

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Google Amps Up Gemini’s AI Model for New Shopping Platform
Google Amps Up Gemini’s AI Model for New Shopping Platform
October 15, 2024  |  artificial intelligence

Google has revamped its shopping platform, introducing an experience powered by artificial intelligence (AI) that will roll out across the U.S. in the coming weeks....

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Albertsons Sees 24% Growth in Digital Sales Amid Expanded Offerings
Albertsons Sees 24% Growth in Digital Sales Amid Expanded Offerings
October 15, 2024  |  Retail

Albertsons Companies saw its digital sales increase 24% during a quarter in which its identical store sales increased 2.5%. During the quarter ended Sept. 7,...

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AI Collaboration Marks ‘Next Phase’ of eCommerce Development
AI Collaboration Marks ‘Next Phase’ of eCommerce Development
October 15, 2024  |  artificial intelligence

Recent advancements in AI-assisted editing platforms could boost productivity for eCommerce teams, enabling faster creation of everything from multilingual product descriptions to marketing copy. OpenAI...

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Amazon Debuts AI-Powered Tools for Creating Advertisements
Amazon Debuts AI-Powered Tools for Creating Advertisements
October 15, 2024  |  Amazon

Amazon Ads has debuted two artificial intelligence (AI) tools designed to help advertisers expand their reach. The company’s AI creative studio and Audio generator were...

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How to Navigate Cross-Border Payments With CFOs and Treasurers in Mind
How to Navigate Cross-Border Payments With CFOs and Treasurers in Mind
October 15, 2024  |  Cross-border Payments

Cross-border payments are the lifeblood of international business — but for finance teams, they often come with a side of risk and complexity. As the...

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Saudi Arabia Takes Global Leadership Role in Click-and-Mortar™ Shopping
Saudi Arabia Takes Global Leadership Role in Click-and-Mortar™ Shopping
October 15, 2024  |  Retail

  In Saudi Arabia, consumers love Click-and-Mortar™ shopping, which mixes the best of online and in-store experiences. More than half of the country’s shoppers prefer...

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