Turns out, we can learn a lot of things about people by studying rats. When the scientific world wants to better understand human behavioral psychology, they often run extensive experiments using them. I’m reading an interesting book about urban development and population density called Rat...
When consumers are selecting an online store at which to make a purchase, free shipping is the offering that is most commonly on their checklist. Free shipping is an online shopping feature that 66% of consumers take into account when selecting an online store, according...
Best Buy is preparing to launch a digital marketplace platform that will allow third-party sellers to integrate their products into the retailer’s website and app. The new Best Buy Marketplace will launch this summer, the company said in a Thursday (Jan. 16) announcement. “We’re incredibly...
The rules of retail are changing fast, and data is the ultimate playmaker. From anticipating customer preferences to optimizing supply chains, the ability to harness and act on data has become nonnegotiable. Yet for many retailers and grocery merchants, data readiness remains an elusive goal....
Online fashion resale market Poshmark launched a partnership with returns-focused commerce platform Loop. According to a Wednesday (Jan. 8) press release, the collaboration is designed to offer an alternative to what the companies said is a common customer pain point: missing a return window or...
Digital marketplaces are becoming an important growth channel in retail, as global sales were projected to reach $3.8 trillion last year. To succeed in this environment, brands must adopt the right strategies to leverage these platforms’ unique advantages. One trend is the rise of hybrid...
Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial. The yearlong arrangement, announced Monday (Jan. 6), comes days after a report by short seller Hindenburg Research claiming that Ally was stepping back from its partnership with the online...
This year, the holiday shopping season belonged to digitally savvy consumers. New data from Mastercard showed that while total retail sales from Nov. 1 to Dec. 24 rose 3.8%, online shopping was up 6.7%, according to a Thursday (Dec. 26) press release. Those figures, from...
The world’s most populous country is also one of the most attractive for eCommerce investors. “It’s the tip of the spear of growth,” for that sector, EMQQ Global Founder Kevin Carter told CNBC in an interview Sunday (Dec. 22), “not just in emerging markets, but...
