Live Video Shopping Turns Purchase Intent Into Online Conversions
People put in the effort to go into stores intending to buy, which may or may not be what brings them to an eCommerce site or online marketplace, where they might just browse. This fundamental fact of retail is being reshaped in the pandemic era as eCommerce...
San Francisco startups vie for checkout dominance
In the checkout arena, it's a battle of speed, and two San Francisco-based startups with four-letter names are angling to make buying quicker and more convenient for consumers. Bolt, an almost eight-year-old company that's raked in $963 million in venture...
Automation beckons retailers as labor challenges endure
To help deal with a persistent labor shortage that has severely tested their ability to keep stores staffed and stocked, grocers are stepping up efforts to mechanize a range of essential tasks that historically have been handled by people. This includes adding...
Amazon Go convenience stores are headed to suburbia
Dive Brief: Amazon is planning to launch a new convenience store format aimed at suburban shoppers, the retailer announced Tuesday. The first of the new retail locations, which will sport the Amazon Go name and offer grab-and-go foods, beverages and everyday...
5 ways to increase ecommerce revenue
In pre-pandemic days, window shopping consisted of walking by storefronts with no intention of buying. Now, a new generation of window shoppers have emerged as U.S. eCommerce sales totaled a record-shattering $469.2 billion in 2021: shoppers adding items to...
Impacts of Cross-Border Digital Payments
eCommerce growth is expected to continue as the pandemic persists, and merchants are working to support the increasing volume of cross-border transactions. One survey found that 32% of consumers from 40 countries made more cross-border purchases from online...
What Retailers Need to Modernize the Checkout Experience
Change has accelerated rapidly in retail, especially when it comes to technology. Much of this transformation was born of necessity in the early months of the pandemic, when social distancing guidelines placed restrictions on in-person shopping. This forced...
Juniper Research: eCommerce Payment Transactions to Exceed $7.5 Trillion Globally by 2026, as Omnichannel Retail Momentum Accelerates
BASINGSTOKE, England--(BUSINESS WIRE)--A new study from Juniper Research has found that the value of global eCommerce payment transactions will exceed $7.5 trillion by 2026, from $4.9 trillion in 2021. This growth rate of 55% over the next five years will be...
Headless Commerce Firm Bolt Raises $355M
If you work for a company called Bolt, it’s been a pretty good week. On Tuesday, we reported that the Estonia-based super app Bolt had wrapped its biggest funding round to date, taking in $714 million and raising the firm’s valuation to $8.4 billion. Read more:...