It rolled out the solution in the UK and in select Nordic countries, which can help boost sales volume, affiliate revenues, and brand engagement.
TikTok tests in-app ecommerce in the US: The platform hopes its shopping initiatives will offset lower-than-expected ad revenues, and help it gain ground against Meta.
Amazon is the latest Big Tech company to plan layoffs: The retailer is expected to shed about 10,000 jobs across its devices, retail, and human resources divisions as it prepares for a difficult holiday season.
The retail landscape in China looks grim: The country’s economy faces significant challenges as retail sales unexpectedly contracted in October and Alibaba’s Singles Day sales plateaued.
Third railroad union rejects Biden-brokered labor deal: The challenges involved in ratifying the agreement are just one of many factors that could derail the still-recovering supply chain.
On today's very special holiday episode, host Sara Lebow tees up a conversation between our principal analyst Andrew Lipsman and Dan Hess, global chief product officer of The NPD Group, to unearth the long-lost history of Cyber Monday. Before it became an industrywide phenomenon in 2005, Dan and his team at Comscore were among the first to "discover" the spike in online shopping that happened the Monday after Thanksgiving—as far back as 2002. Find out what caused this phenomenon to take place, why there was so much misinformation about Cyber Monday in the early days, and what the day was originally called.
YouTube dives deeper into social commerce: Amid falling ad revenues, YouTube is adding shopping features to Shorts.
Apple and Amazon deal faces a new lawsuit: The companies are headed to court to determine if their 2019 deal for Apple’s storefront on Amazon Marketplace reduced competition from independent Apple resellers.
The firm’s total processing volume increased 54% in the quarter. It plans to double down on embedded finance to sustain growth.
Holiday travel demand was already low, but it just got lower: Domestic travel looks to slow significantly this season due to higher airline ticket prices.
Physical stores remain a priority for retailers: Off-price, fast-fashion, and digitally native brands are ramping up expansion to capitalize on renewed demand for in-store shopping.
Pinterest and LinkedIn get top marks on social media trust report card: Research reveals users have low confidence overall in platforms’ ability to safeguard their information.
Next year, for the first time, more than half of US social network users will buy via social platforms.
Target rethinks its large-format stores: The retailer’s new format features backroom fulfillment space five times larger than at its previous large stores, as well as a broader selection of merchandise.
Nike and Apple eye opportunities in the metaverse: Nike is opening an online store and trading platform for digital sneakers, while Apple is reportedly working on its own virtual environment.