ShopX , an India-based ecommerce enabler, has shut down its operations, citing unviable scale-up efforts. Photo credit: ShopX “While we succeeded in achieving various milestones, it became unviable to operate at scale given the low-margin profile of the industry, and hence we took the hard decision to close the business,” the startup told Tech in […]
Filipinos less likely to be repeat customers on foreign ecommerce sites — study
For Pinoys, it seems like overseas shopping websites are only a one-off experience. A study commissioned by logistics provider Ninja Van and parcel delivery network DPD Group found that, among countries in Southeast Asia, the Philippines had shoppers with the lowest frequency of purchases from foreign websites. The study, called E-commerce Barometer , revealed that […]
Indonesian eCommerce Firm Tokopedia Adds BNPL Option
Indonesian eCommerce company Tokopedia has added a buy now, pay later (BNPL) option to the range of digital payment methods it accepts. With the new GoPayLater Cicil, select Tokopedia customers can shop on the company’s platform and then choose to pay in installments over one, three, six or 12 months, according to a report from […]
By utilizing e-commerce delivery companies, the banking system can be revolutionized
by utilizing e-commerce delivery companies, the banking system can be revolutionized 1 By utilizing e-commerce delivery companies, the banking system can be revolutionized We used to have to wait in line at the bank to get our paperwork processed, create an account, or get our cards until a few years ago. Because it was a […]
US: Ecommerce Sales Spike to Record – Retail Sales ex Gas Stations, ex Auto Dealers Jump to Record – Plunging Price of Gasoline
The retail sales data, reported today by the Census Bureau, are based on surveys of about 5,500 retail businesses across the US, what they said their sales were. The measure is designed to track how well retailers are doing by retailer category, and we’ll get into those categories in a moment. Another measure tracks spending […]
Ecommerce Sales Spike to Record. Retail Sales ex Gas Stations, ex Auto Dealers Jump to Record. Plunging Price of Gasoline & Shortage of New Vehicles Dog those Retailers
No, consumers didn’t suddenly flock back to the mall. That was just a media joke. They bought online more than ever. Sales at department stores fell. The retail sales data, reported today by the Census Bureau, are based on surveys of about 5,500 retail businesses across the US, what they said their sales were. The […]
Ecommerce Sales Spike to Record. Retail Sales ex Gas Stations, ex Auto Dealers Jump to Record. Plunging Price of Gasoline & Shortage of New Vehicles Dog those Retailers
No, consumers didn’t suddenly flock back to the mall. That was just a media joke. They bought online more than ever. Sales at department stores fell. The retail sales data, reported today by the Census Bureau, are based on surveys of about 5,500 retail businesses across the US, what they said their sales were. The […]
CCPA penalises Flipkart: ecommerce company fined Rs 1 lakh lakh for this reason
Flipkart penalised: The objective of the Central Consumer Protection Authority (CCPA) is to promote, protect and enforce the rights of consumers as a class. Source: PTI Flipkart fined: The Central Consumer Protection Authority (CCPA) has penalised e-commerce company Flipkart for selling substandard products. CCPA, the regulatory authority responsible for protecting the rights of consumers from […]
The one-stop-ecommerce-shop: how Klarna is striving for ‘super-app’ status
After a difficult period for Klarna, laying off 10% of its global workforce and grappling with ongoing criticism of the BNPL model, the company is moving beyond financial services in a bid to become a one-stop-shop ecommerce app // After a difficult period for Klarna, laying off 10% of its global workforce and grappling with […]
The one-stop-ecommerce-shop: how Klarna is striving for ‘super-app’ status
After a difficult period for Klarna, laying off 10% of its global workforce and grappling with ongoing criticism of the BNPL model, the company is moving beyond financial services in a bid to become a one-stop-shop ecommerce app // After a difficult period for Klarna, laying off 10% of its global workforce and grappling with […]