According to a Department of Justice report released on October 5 , the 31-year-old man made at least 300 fraudulent transactions over four years. Amazon eventually caught on and referred the case to the FBI.
In technical terms, what the North Carolina man did is known as price arbitrage. Price arbitrage is when someone returns cheaper, similar-looking merchandise in the place of a more expensive model.
7 Smart Retail Solutions that are Changing Ecommerce | ITBE
The retail sector has been in a state of flux for the last decade. The world is changing and it’s hard to keep up with all of the evolutions in today’s society; ecommerce, social media, global pandemics, and smart devices have all had a great impact on the retail sector.
Why Amazon is Poised to Further Command the Ecommerce Space
The largest Internet company in the world has positioned itself to play a seemingly ever-larger role in online commerce, with its third-party sellers poised to take additional advantage.
Interestingly, it's actually third-party sellers that stand to gain the most from Amazon's continued rise. The company is, in part, a platform for third-party brand owners to sell their products — essentially the world's largest shopping mall.
Brexit-Related Frictions Drive eCommerce Fulfillment | PYMNTS.com
It's been nearly two years since the United Kingdom (UK) officially left the European Union (EU) and all has not been well.
Businesses in Great Britain have had to pick up the pieces following the historic UK-EU divorce, trying to survive amid falling revenues, new additional tax and duties and supply chain disruptions, to name a few.
Klarna Partners with Wix to Offer eCommerce Merchants Flexible Buy Now, Pay Later Payments
Buy Now, Pay Later fintech Klarna has partnered with cloud-based website development platform Wix to enable its eCommerce merchants to offer customers flexible and convenient payments options.
Holiday ecommerce sales will see double-digit growth, as shopping begins earlier in the season -
The forecast: Holiday ecommerce sales will rise 14.4% this year, with online channels comprising 18.4% of all spending this November and December.
With inventory constraints top of mind, consumers will likely start their holiday shopping early. We estimate that November sales excluding Cyber Five will grow 15% .
Ecommerce service FACT-Finder acquires AI personalization shop Loop54 | VentureBeat
It's the latest in a trend of consolidation in the ecommerce world, where a host of companies arose to offer personalization with new technologies like AI, but now the bigger companies are gobbling up the smaller ones — and specifically in the ecommerce software-as-a-service (SaaS) search
Cart.com Partners with Google Cloud to Advance DTC Commerce
eCommerce as a service (ECaaS) provider Cart.com partnered with Google Cloud to advance its mission and deliver robust, unified analytics for its over 2500+ brands.
As one of the first end-to-end eCommerce solutions providers, Cart.com empowers merchants with best-in-class marketing, technology, and fulfillment capabilities to harness the benefits of data as a core value.
Winning The Deal: How B2B Brands can succeed in Ecommerce | CustomerThink
In these modern times, B2B marketing in the eCommerce sector is proving to be challenging for companies. Hence, organizations need to step up their efforts to attract and acquire new customers. They need to strategize on how to retain older customers as well.
Pakistani ecommerce logistics startup Rider raises $2.3 million seed
Karachi-based ecommerce logistics startup Rider has raised $2.3 million in a seed round led by Global Founders Capital, Fatima Gobi Ventures, and Asian Development Bank, it announced in a statement today. TPL E-Ventures and Transhold also participated in the deal.
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