Facebook has announced the launch of a new product, Facebook Shops, which gives small businesses tools to create online stores on Facebook and Instagram.
The service will also benefit Facebook by moving more online shopping inside the company's family of apps, translating to users spending more time with Facebook and sharing more data about their consumption habits.
Facebook's announcement comes as consumers have flocked to online shopping during the pandemic. Amazon and Walmart have each reported dramatic increases in their e-commerce businesses.
Not to change the topic here:
How the coronavirus pandemic is changing US grocery shopping habits | SmartBrief
Consumer grocery shopping habits in the US have changed as the coronavirus pandemic has progressed, and keeping a finger on the pulse of shoppers can help retailers and manufacturers meet consumers' evolving needs and prepare for what's next.
Shopper concern about the pandemic has escalated over the past several months, causing consumers to reduce their trips to the store and adjust the items on their grocery lists, according to an ongoing consumer survey conducted by Acosta.
Facebook's new shopping AI knows what exactly you're looking for | Engadget
Finding fashion that suits your style can be a challenge even when done in person at a brick-and-mortar store. Add to that the vagaries of online commerce, where you can only see a stock representation of what you want, can make for a frustrating, and occasionally ill-fitting, shopping experience -- especially when purchasing items second-hand.
GrokNet is designed specifically for shopping and is capable of identifying the attributes -- color, texture, pattern or style, for example -- of the items it sees. Typically, machine vision systems are only adept at picking out one type of object (ie, a chihuahua vs. a blueberry muffin) so a system designed to recognize various styles of shoe is going to struggle with identifying specific models of SUVs.
Why seniors are grocery shopping twice a week | Pittsburgh Post-Gazette
Check out this next:
Macerich Reopens 20 Shopping Centers – Commercial Observer
Macerich — one of the largest owners of shopping centers in the country — reopened 20 of its 47 retail properties after temporarily shuttering them in March due to the coronavirus pandemic.
The California-based real estate investment trust announced today that it fully reopened shopping centers in Colorado, Indiana, Iowa, Missouri, Oregon, Texas, Virginia and 11 in Arizona with plans to bring back another 35 malls by the end of this month.
CenterPoint retreats, will close power shopping site - HoustonChronicle.com
CenterPoint Energy is shutting down its online electricity shopping site True Cost after fighting to get a toehold in the deregulated electricity business.
The utility said this week it will pull the plug on True Cost to focus on its core utility business. The move follows an announcement in February that CenterPoint was selling its natural gas retail business for $400 million to a private equity investor. The company also sold two natural gas distribution and transmission pipeline contractors for $850 million.
Photos: Lakeside Shopping Center reopens doors as business returns during coronavirus pandemic |
Shopping malls, plazas to reopen Wednesday with safety measures | Business | journalinquirer.com
Shopping malls, some of the first commercial spaces in Connecticut to shut down in the face of the coronavirus pandemic, are readying for a comeback this week.
The majority of the state's malls have confirmed they plan to reopen to the public Wednesday as Connecticut begins to lift emergency lockdown orders imposed by Gov. Ned Lamont more than two months ago. They will join outdoor shopping plazas and outlet shops, most of which never closed.
Management at Buckland Hills mall in Manchester announced the center's May 20 return on its website and Facebook page.
Happening on Twitter
You are invited to dinner! Join @LittleMix's Jade Thirlwall as she competes to cook up some eleganza realness with… https://t.co/dTxiB0WJOt MTVUK (from London, UK) Mon May 18 10:18:00 +0000 2020
Facebook launches Shops to bring more businesses online during the pandemic https://t.co/GLqQYtrBNr https://t.co/ABaaDL38qv verge (from New York) Tue May 19 17:09:49 +0000 2020
Facebook is adding 'Shops' to let businesses sell products through the social network https://t.co/AFZ42FaBsC businessinsider (from New York, NY) Tue May 19 17:13:05 +0000 2020
*FACEBOOK LAUNCHES NEW COMMERCE PRODUCT CALLED 'SHOPS' $FB https://t.co/7FnXTyKnRs Investingcom (from Global) Tue May 19 17:25:59 +0000 2020
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