The COVID-19 pandemic dramatically transformed consumer behavior. In the face of mandatory shutdowns and social distancing measures, the global economy was accelerated into a digital new world, causing us to reevaluate how we work, buy goods and connect.
Across the U.S. alone, major retailers permanently closed more than 12,000 locations last year, and approximately 800,000 businesses in total shut their doors (200,000 more than average).
Saks eCommerce IPO Plans Show Allure of Digital | PYMNTS.com
For the traditional retailers – the brick-and-mortar marquee names – the great digital shift during the pandemic has been a necessity to meet consumers where they want to be met, and to ensure the survival of those firms.
The shift might reap rewards on Wall Street, too, as investors eye a retail landscape that has a bright, digital-connected future.
Report: New Stakeholder Jana Partners Pushes Macy's to Split Off Ecommerce Business - Retail
Activist investor Jana Partners has taken an undisclosed stake in Macy's and is prodding the department store chain to separate its ecommerce business from its brick-and-mortar operations.
The Wall Street Journal reported that Jana Partners sent a letter to the Macy's board urging it to split off its fast-growing, nearly $8.5 billion annual online business.
Stablecoin, CBDCs Could Improve Ecommerce | Practical Ecommerce
Digital currencies have the potential to expand ecommerce, lower transaction fees, eliminate chargebacks, and prevent fraud. So far, however, volatility and its fear have stopped most merchants and brands from accepting cryptocurrencies. But this could be changing.
How a partnership between Clearco and Cart.com embeds financing at the ecommerce platform level
Clearco, a Toronto-based company that provides capital to ecommerce businesses, has announced a partnership with Cart.com , an ecommerce-as-a-service firm, to improve financing options for ecommerce companies.
Owners of ecommerce businesses can choose one of three different funding options, ranging from $10,000 to $10 million, which they will receive within 24 hours. They can also access up to $1 million in inventory support to help meet initial costs and free up cash flow.
ClixTV, Multi-Platform Entertainment & eCommerce Streamer, Launches on Over 80 Channels, Web
"ClixTV is reinventing the entertainment experience for consumers on every screen to simplify the search for great content and tantalize viewers with compelling programming that they may never have known about," said ClixTV CEO and Founder, Ed Sullivan.
What differentiates ClixTV, the brainchild of Emmy and Peabody Award winning media veterans Sullivan, Jolna and Patricia Sullivan, is that it was designed to serve all stakeholders in the entertainment world: consumers, producers, streaming and broadcast media companies, and brand advertisers.
A New Era in Retail and Ecommerce Is Emerging | CIO
The year 2021 marks a new era for retail and ecommerce. The pandemic drove a massive shift in almost everything digital, and while 2020 will remain an anomaly in terms of the frenzied pace of adoption, consumers' new behavior is here to stay.
Exchange Solutions to Aid INDOCHINO with eCommerce Growth Goals | Business |
INDOCHINO immediately recognized the impact a 1:1 personalized offer can have on digital sales, especially given a custom suit is a considered purchase.
"Our goal at Exchange Solutions is to create deeper, more meaningful relationships between retailers and consumers by capitalizing on key, real-time interaction points," said Paul Rivietz, Vice President of Mid-Market Sales.
How AI-Driven Merchandising Boosts Ecommerce Conversion – Multichannel Merchant
Retailers have invested in ecommerce strategies due to lockdowns, shutdowns or even a change in consumers' shopping behaviors. But what will level the playing field for you and allow you to thrive and compete with the big brands?
Today, advanced technologies such as AI for search, merchandising and personalization, have helped small businesses to establish an ecommerce store, deliver a great customer experience, and provide consumers what they want, when they want it.
Fast Simon Unveils AI-powered Visual Discovery for eCommerce | Business | valdostadailytimes.com
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211018005155/en/
"Images are one of the most powerful inspirations for shoppers, especially in fashion," said Zohar Gilad, CEO of Fast Simon.
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