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What began as an effort to help brewers and winemakers distribute canned products efficiently and cost-effectively has now evolved: BevPort, which will launch its e-commerce distribution portal in Florida in March 2024 and open it to retailers across the state, is expanding to include spirits-based RTD (ready-to-drink) products as well. Recognizing growing demand and the unique challenges faced by distillers, BevPort has expanded its innovative distribution solutions to include spirits-based RTDs in addition to beer, wine, non-alcoholic beverages and CBD-infused beverages. The BevPort distribution portal is the brainchild of industry veterans and entrepreneurs James Williams and Philip Guana. BevPort handles…
Milan With the outlook for many fashion e-commerce specialists such as Farfetch and Matches (the latter is scaling back its website operations this week) uncertain, Italy's Giglio.com is betting that a small but successful Trojan horse can win the digital war. The luxury online retailer, listed on the Milan Stock Exchange's AIM Italy program for small and medium-sized enterprises, said on Wednesday it was introducing a new B2B division that would offer digitalisation services. Digital Gateway is a new division of Giglio.com that leverages its 20+ years of experience running fashion multi-brand e-stores to provide business clients with services aimed…
In the fierce battlefield of e-commerce, Amazon.com (NASDAQ:AMZN) continues to hold the top spot, PDD Holdings Inc.(NASDAQ:PDD) TEAM, Shaneand TikTok Shop We are making great progress. A new survey of more than 1,000 U.S. consumers by Wedbush Securities analyst Scott Devitt revealed some intriguing changes in spending habits and consumer satisfaction that investors should keep a close eye on. Amazon's dominance remains unchallenged Amazon remains the e-commerce king, with 64% of consumers surveyed planning to increase their spending on the platform this year, up 4% from the last survey. High shopper satisfaction is a key driver, and Amazon's strategy of…
DUBLIN, July 10, 2024 (GLOBE NEWSWIRE) — The “Canada Click and Collect Forecast 2024: Leading Fulfilment Option for Online Purchases Still Has Room to Grow” report reveals that ResearchAndMarkets.com Recruitment. Canada has the highest growth rate of click and collect shoppers among all countries in the forecast, making it an important option for Canadian consumers who want faster order fulfillment and want to avoid home delivery costs. More than half of Canadian digital shoppers use click and collect, or buy online, pick up in store (BOPIS), a form of fulfillment that is central to the growth of retail e-commerce in…
Welcome to AI News Today, your daily roundup of the AI industry. Citi analysts: Take profits on soaring AI stocks Citing concerns of higher market volatility, analysts at Citi (NYSE: C) are encouraging investors to lock in profits on high-flying AI stocks like NVIDIA (NASDAQ: NVDA). To mitigate the risks associated with overinvestment, the analysts recommend rebalancing portfolios to include a broader range of AI stocks across the value chain. Investor sentiment is divided, with some backing incumbent leaders and others seeing potential in utilities and infrastructure providers integrating AI technologies. For more information, please visit the TDR website. American…
Tech giants are rushing to keep this Sun Tzu-inspired artificial intelligence marketing platform a secret. It's time to gain an advantage before it's regulated.United States – July 10, 2024 — AI Marketing Consulting Company has launched AI Marketing GPS, a groundbreaking marketing automation hassle-free implementation service that leverages artificial intelligence to streamline market research and provide online stores with actionable insights derived from the trials and errors of top competitors in their niche.This AI service is especially beneficial for online store businesses looking to leverage marketing automation to improve online shopping experiences and increase bottom line profits.The service leverages AI’s…
The move marks Amazon's entry into a fast-growing market segment known for extremely low prices and a direct-shipping model from China, giving it a major impact on the ultra-fast fashion market currently led by Chinese giants SHEIN and Temu. SHEIN and Temu reportedly ship up to 1 million packages to the US every day, highlighting Amazon's notable absence in this lucrative market. Now the Seattle-based giant plans to leverage its extensive infrastructure and customer base to compete in this highly price-sensitive sector. Industry analysts have highlighted that price is the primary driver of consumer behavior, often outweighing concerns about sustainability…
Microsoft and Apple have decided not to sit on OpenAI's board of directors, a decision that comes as regulators increase scrutiny of big tech companies' involvement in AI development and deployment. Microsoft has formally notified OpenAI of its withdrawal from the board of directors, according to a July 10 Bloomberg report citing anonymous sources. The move comes about a year after the Redmond-based company made a massive $13 billion investment in OpenAI in April 2023. “Over the past eight months, we have witnessed great progress by the newly formed board and are confident in the direction of the company,” Microsoft…
Flip app screenshotFlip provided The emergence of social commerce has fundamentally changed traditional e-commerce digital retail. Instead of brands setting up digital stores and using digital marketing to market to shoppers, social commerce engages shoppers through social media connections. While social commerce has really taken hold in China thanks to platforms like TikTok Shop, Alibaba and WeChat, it's only just getting a foothold in the U.S. The Boston Consulting Group (BCG) predicts that China's social commerce market will grow from $350 billion in 2021 (13% of China's e-commerce sales) to about $900 billion in 2025. By comparison, McKinsey estimates the…
Fast-fashion giant Shein said it would invest 250 million euros ($271 million) over the next five years in British and European designers and circular economy initiatives, combat a regulatory crackdown targeting “fast fashion” and rally support for a possible IPO in London.The innovative Singapore-based e-retailer announced on Tuesday that it plans to launch a €200 million circular fund focused on fiber-to-fiber recycling and related innovations, and is inviting other companies and financial institutions to co-invest. Shein said it would set aside a further €50 million to help fashion companies in the UK and EU join its marketplace, and to support…