A trifecta of changes — new competition, a sluggish economy and continued regulatory pressures — has China's Alibaba revamping its eCommerce businesses and appointing a new chief financial officer (CFO).
In a move to become more agile and rev up expansion, Alibaba is splitting its eCommerce business into two divisions — international digital commerce and China digital commerce, Reuters reported on Monday (Dec. 6).
Kohl's Urged to Sell Company or Spin off eCommerce | PYMNTS.com
Kohl's, the second-largest U.S. department store chain, has been urged by activist investors to either sell itself outright or consider a spin-off of its eCommerce division in a bid to boost its stock price.
According to The Wall Street Journal, New York-based hedge fund Engine Capital is calling on Kohl's to either sell the company or separate its eCommerce business in response to its failing stock price, which has slumped 25% in the past 7 months after more than doubling from the pandemic lows set
5 Trends for the Future of Ecommerce - EIN Presswire
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Macy's Wrestling With Retail-Ecommerce Split – Multichannel Merchant
Breaking up is hard to do, which department store stalwart Macy's is discovering as it wrestles with how best to split up its store and online businesses, a bit trickier than the same move by Saks Fifth Avenue, according to a report in Reuters .
While Saks has just 40 retail stores, making its ecommerce business less dependent on it for success, Macy's has a fleet of 800 doors and its online side relies heavily on them for order fulfillment including store pickup and local delivery.
Why Ecommerce Retailers Need an Open Relationship with Their Shippers this Holiday Season -
Let's face it — a monogamous relationship with a national shipping company ain't cutting it anymore. The performance of each of the three main national carriers — FedEx, UPS and USPS — has steadily declined due to structural issues, including poor earnings, wage pressures and constrained labor.
PlantX Announces Launch of its eCommerce Platform in the UK
PlantX UK will launch under a new domain, www.PlantX.uk , and will offer a similar PlantX experience as PlantX.ca and PlantX.com provide in Canada and the United States, respectively.
To establish an effective supply chain infrastructure, the Company has partnered with Access Fulfillment, one of the leading fulfillment companies in the United Kingdom.
Convious Raises $12M, Aims To Grow Its AI-Driven Ecommerce Platform
Marketing Technology News: Composable Achieves Preferred Solution Status on Microsoft Azure Cloud Marketplace as the Only…
The AI-based platform boosts engagement through its personalized offers, and helps build a better frictionless buying experience. More than 125 companies worldwide including SnowWorld, Plopsa Group and Looping Group use Convious to drive visitor engagement.
Pepper Aims to Use eCommerce in Food Distribution | PYMNTS.com
"If you're a buyer, like a chef working in a restaurant, you don't necessarily have a ton of transparency into whether everything from that order is going to be fulfilled the next day," Cheung said.
Pepper serves this market with an eCommerce platform for food distributors that brings that process online so wholesale buyers can order the way consumers order on B2C eCommerce sites do — by putting items in a cart, submitting the cart and checking on what's been included in the order.
Retail eCommerce news from week beginning 29 November -
PayPal has announced that Wix merchants can offer PayPal Pay in 4 and PayPal Credit . The new offering is available through a dedicated Pay Later checkout button. In addition, merchants can present Pay in 4 messaging earlier in the shopping journey.
Wix and PayPal are helping merchants ensure they reach active consumers by offering PayPal Credit and PayPal Pay in 4. In fact, US merchants who accept PayPal Pay in 4 have reported a 21% increase in payment volume. Paypal says this proves this option is a way for merchants to increase their
The top 4 ecommerce markets to watch in Asia - ThePaypers
Payments in Asia are complex and fragmented but the rewards for merchants looking for hyper growth are clear. By 2030, the digital economy in Southeast Asia will be worth USD 1 trillion . In China, consumer spending is set to double by 2030 .
Asian ecommerce is booming. And little wonder. Between now and 2030, 60% of the world’s economic growth will come from Asia. In an ideal world, ecommerce merchants looking for growth would invest right across Asia.
Happening on Twitter
Alibaba, which just replaced its CFO, was worth almost $900b in October 2020. It's now at ~$300b.… https://t.co/pUlZDH5vmV SofiaHCBBG (from Hong Kong) Mon Dec 06 03:50:54 +0000 2021
Coming to a home near you! Personal pickups and deliveries from your friendly neighborhood bot! This video clip ca… https://t.co/pQem2EGElp CGMeifangZhang (from 75-77 Malone Road, Belfast) Sun Dec 05 13:10:06 +0000 2021
*ALIBABA GROUP HONG-KONG LISTED SHARES FALL 5% TO NEW RECORD LOW $BABA 🇨🇳🇭🇰🇺🇸 https://t.co/IwUyLag2PR Investingcom (from Global) Mon Dec 06 06:03:27 +0000 2021
Alibaba Group said it will reorganize its international and domestic e-commerce businesses and replace its CFO - ch… https://t.co/ofOezeHYxK Reuters (from Around the world) Mon Dec 06 10:22:06 +0000 2021
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