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.

Fleek Raises $20 Million to Expand Secondhand Apparel Platform
Fleek Raises $20 Million to Expand Secondhand Apparel Platform
November 12, 2024  |  Investments

London-based startup Fleek reportedly raised $20.4 million to expand its secondhand clothing platform. Fleek works with roughly 10,000 resellers and retailers in 70 countries, moving...

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Ahold Delhaize Reports Breach at Pharmacy and eCommerce
Ahold Delhaize Reports Breach at Pharmacy and eCommerce
November 11, 2024  |  Cybersecurity

Grocery giant Ahold Delhaize said Friday (Nov. 8) that it detected a cybersecurity issue within its U.S. network and that some Ahold Delhaize USA brands and...

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Singles’ Day Sales Growth Slows Amid China’s Economic Challenges
Singles’ Day Sales Growth Slows Amid China’s Economic Challenges
November 11, 2024  |  Retail

Retail sales made during China’s annual Singles’ Day shopping event reportedly slowed again this year amid the country’s economic challenges and consumer skepticism about retailers’...

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Amazon Combines Fulfillment Networks to Better Compete in Grocery Business
Amazon Combines Fulfillment Networks to Better Compete in Grocery Business
November 08, 2024  |  Amazon

Amazon is reportedly combining the fulfillment networks of its Whole Foods Market and Amazon Fresh stores to better compete in the grocery business. By doing...

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Shopify, Amazon and Google Heat Up AI Retail Race
Shopify, Amazon and Google Heat Up AI Retail Race
November 08, 2024  |  Artificial Intelligence

Tech players are positioning themselves in artificial intelligence-powered retail, with Coveo adding personalization tools to Shopify Plus stores and Amazon founder Jeff Bezos investing $400...

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CarGurus: Shifting Car-Buying Process Online Boosts Customer Satisfaction
CarGurus: Shifting Car-Buying Process Online Boosts Customer Satisfaction
November 08, 2024  |  Earnings

Offering car dealers and shoppers value beyond the leads it has traditionally delivered is paying off for digital auto platform CarGurus. The company’s fastest-growing product...

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New Data: Amazon Expands Grocery Reach, but Walmart Maintains Delivery Edge
New Data: Amazon Expands Grocery Reach, but Walmart Maintains Delivery Edge
November 08, 2024  |  Retail

Amazon’s latest move into the grocery sector, through a new partnership with Mexican grocery delivery startup Jüsto, signals its push to expand its food and...

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Small Businesses That Sell Online Outpace Brick-and-Mortar Store Sales
Small Businesses That Sell Online Outpace Brick-and-Mortar Store Sales
November 08, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) that focus on online sales outperform those that rely on physical stores, according to the PYMNTS Intelligence report “SMB Growth...

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Amazon Unveils Immersive Virtual Holiday Shopping Platform
Amazon Unveils Immersive Virtual Holiday Shopping Platform
November 07, 2024  |  Amazon

Amazon is rolling out the Virtual Holiday Shop, a new digital space for consumers looking to spend for the upcoming holiday season. Powered by Amazon...

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