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Recently, the demise of Farfetch and Matches was announced, Mytheresa is considering going private and acquiring Net-a-porter, Moda Operandi is seeking investment, and luxury e-commerce retailers are losing their former strength. As WWD previously reported, “More than 25 years later, the fashion industry is still figuring out how to move its business online and profitably do so.” Long Story Short is a private luxury shopping platform and app that requires a membership subscription and a monthly fee of $1,000. Long Story Short focuses on offering exclusive products and experiences that are not available anywhere else, focusing on its core customer…

Tokenized payments reduced fraud losses by $650 million last year. The recently announced Visa Data Token gives consumers more control over their data, enabling a seamless, AI-powered shopping experience. SAN FRANCISCO–(BUSINESS WIRE)–Visa today announced a significant milestone achieved through its tokenization technology, revealing that the Visa Token has created more than $40 billion in value.1 Increased e-commerce revenue for businesses around the world, resulting in savings of $650 million.2 Visa announced that it lost more than $10 billion in fraudulent transactions last year, and that it has issued more than 10 billion tokens since introducing the technology in 2014. Over…

Article Contents Sorry, your browser doesn't support embedded videos.Tokenized payments reduced fraud losses by $650 million last year.The recently announced Visa Data Token gives consumers more control over their data, enabling a seamless, AI-powered shopping experience.SAN FRANCISCO — Visa today announced a significant milestone achieved through its tokenization technology, revealing that Visa Tokens have generated more than $40 billion in revenue.1 Increased e-commerce revenue for businesses around the world, resulting in savings of $650 million.2 Visa announced that it lost more than $10 billion in fraudulent transactions last year, and that it has issued more than 10 billion tokens since…

E-commerce enablement solutions platform Unicommerce has enhanced its product portfolio by introducing solutions such as reconciliation tool UniReco, post-shipment solution UniShip and generative AI tool UniGPT.With growing demand from the industry, Unicommerce offers a comprehensive technology stack where brands can get all relevant technology solutions in one place. “While e-commerce is inherently technology-driven, traditional businesses are now also leveraging technology solutions to establish and expand their digital operations and connect with online users,” said Kapil Makhija, Managing Director and CEO, Unicommerce.He further added that established brands such as Cello, Fabindia, TCNS and Emami, which were primarily focused on offline business,…

Down icon An icon in the shape of a downward angle. A delivery man rides his bicycle during a snowstorm on February 2, 2021, in New York City's Upper West Side. Noam Galai/Getty Images New York City roads are dangerous places for app-based delivery drivers on electric bikes and other micromobility vehicles.New York City's infrastructure is lagging behind, with few bike lanes or lanes reserved for mopeds or electric bikes.Advocates say both city governments and food delivery companies are to blame. If you ordered takeout in New York City recently, a delivery driver likely brought your food to your door…

German bookstore chain Thalia has revealed plans to integrate AI tools into its e-commerce website with the aim of helping grow the business and improving product discovery for customers. Headquartered in Hagen, Thalia has more than 500 bookstores in German-speaking countries, 6,500 employees, and a large digital presence consisting of a website and an app. Over the next three years, the chain plans to double the number of items on its marketplace from 20 to 40 million. To achieve this, Thalia announced a new partnership with AI platform Coveo, whose aim is to improve product discovery, provide more personalized book…

Square Online is popular with many online merchants because it's easy to use and free to get started. It's a flexible platform that's suitable for mobile vendors, such as food truck and fair vendors, online retailers, restaurateurs, and brick-and-mortar boutiques. These are just a few of the reasons it's rated highly on Forbes Advisor's list of the best ecommerce solutions. Keep in mind that even if you choose the free version of Square Online, you still have to pay a fee for payment processing for each transaction. With the free plan, you'll pay 2.9% plus 30 cents per sale. Square…

The reason we recommend sourcing products before creating a website is because finding suppliers can take a significant amount of time – there's no point paying for a website if you don't have products to sell. There are several ways to source products for your store. Manufacture your own products Order wholesale from suppliers Dropshipping products from suppliers If you plan to manufacture your own products, you will need to find a manufacturer and set up a production line, which can be expensive and time-consuming but may be worth it to create a unique product. To set up a production…

The size of China's cross-border e-commerce has expanded more than tenfold over the past five years, the People's Daily reported on Tuesday, citing a press conference by Commerce Ministry spokesman He Yadong. According to the ministry, cross-border e-commerce trade volume in the first quarter of 2024 was 577.6 billion yuan ($79.76 billion), up 9.6% from the same period last year, of which exports amounted to 448 billion yuan, up 14% from the same period last year. According to preliminary statistics, there are more than 120,000 cross-border e-commerce enterprises in the country, at least 1,000 cross-border e-commerce industrial parks, and more…

Release date: June 4, 2024 04:00 small Moderate big According to a survey conducted by the E-Commerce Development Authority late last year, the value of Thailand's e-commerce market is estimated to reach 5.96 trillion baht by 2023, led by the insurance, arts, entertainment, recreation, retail and wholesale sectors.E-commerce in insurance is estimated to have expanded 31% last year. Respondents expect arts, entertainment and recreation e-commerce to grow 24% and the retail and wholesale sector to expand 13%. The survey was conducted from October to December last year and targeted 3,440 e-commerce businesses across eight industries, including manufacturing, retail and wholesale,…