Digitec Galaxus AG, Switzerland’s largest online retailer, on Tuesday announced that it will begin accepting cryptocurrencies as a form of payment, according to local news outlet Watson. Customers will be […]
Just ten months after going public in New York, luxury e-commerce platform Secoo announced a $175 million investment from LVMH-backed fund L Catterton Asia and JD.com. The move is significant […]
Alibaba continues to dominate e-commerce retail sales in China with a 58% share of the market but it faces increasing competition from rivals, according to research by eMarketer. A list […]
IKEA plans to test “open-source” design and full-range town-centre showrooms as part of the furniture retailer’s efforts to adapt to rapidly changing consumer shopping habits. The budget furniture retailer’s strategy will still be based on its out-of-town warehouse stores, where shoppers pick up their purchases, but it also wants to become more accessible, physically and digitally. It has launched trial store formats such as smaller city centre stores, order and pickup-points and – the latest test format – a kitchen showroom in Stockholm’s financial district.
For the third straight year, Luxembourg has held on to its position atop UNCTAD’s ranking of 143 countries’ capacity to support online shopping and other business-to-consumer e-commerce. Among the top 10 economies in the 2017 UNCTAD B2C E-commerce Index, seven are European while three are from the Asia-Pacific region.
The index, first published in 2015, draws on data on Internet use, secure servers, use of financial accounts (including mobile money accounts) and the reliability of postal deliveries, and shows that e-commerce readiness varies by region.
While governments ponder legalization or continue to reaffirm existing bans on the use of bitcoin, larger e-commerce giants may not care. Speculation built over the weekend that Amazon.com Inc. was considering introducing support for bitcoin payments as soon as October.
Nike, the world’s largest footwear maker, said on Thursday it would launch a pilot program with Amazon.com to sell a limited product assortment on its website.
In a call with analysts Thursday, Nike CEO Mark Parker said that Amazon would carry "a limited Nike product assortment" of footwear, apparel, and accessories, and that Nike was seeking to improve its presence on the e-commerce site. "We’re in the early stages, but we really look forward to evaluating the results of the pilot," Mr. Parker said.
In its latest effort to compete with online giant Amazon, Wal-Mart is testing a delivery service using its own store employees, who will deliver packages ordered online while driving home from their regular work shifts.
The “associate delivery” program would use Wal-Mart’s 4,700 U.S. stores and roughly 1.2 million employees to speed delivery and cut costs, the company said Thursday. The announcement came just a day before the company’s annual meeting.
