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Ethan Gaskill, a 29-year-old content creator, starts his day the same way every day: “When I wake up, most people start by checking Instagram on their phone, but I check Facebook Marketplace.” Nearly all of the furniture in his Los Angeles home is secondhand, and Gaskill, who has more than 220,000 followers on TikTok who are intrigued by his thrifted finds, credits the shopping platform as a reliable source of hidden bargains, like a $1,000 Herman Miller light fixture and pendant he picked up for $400, a $5,000 bed by the same designer that he bought for 20 percent of…

Top 21 Walmart Competitors & Alternatives In India, the shopping scene is buzzing with stores like Walmart, offering a fantastic variety of products at great prices. From daily essentials to electronics and apparel, these Walmart alternatives provide a variety of options for the discerning shopper. Whether you’re looking for Walmart-like stores in India or simply want to explore other stores similar to Walmart, this list has got you covered. 1. Reliance Retail   Reliance Retail, established in 2006, has revolutionized retail in India, with over 11,000 outlets nationwide. As a subsidiary of Reliance Industries, it’s not just one of the…

Costco Wholesale Corp. said e-commerce sales helped its third-quarter results. The company reported net sales of $57.39 billion, beating Wall Street analysts' expectations, and touted increases in deliveries, site visits and app downloads. Gary Millerchip, Costco's executive vice president and chief financial officer, said gold bar and silver sales were the main drivers of e-commerce sales growth, which rose 20.7% year over year, while appliances and electronics played a key role, said Ron Bakris, who became CEO in January, and that Costco warehouses are seeing renewed interest in discretionary purchases in categories such as toys and health and beauty products.…

Costco mentioned precious metals only briefly once in its most recent earnings call, reaffirming that analysts were on to something after pointing to strong demand for the company's gold bars and silver coins this spring.”E-commerce sales growth in the third quarter was driven by gold and silver bullion, gift cards and consumer electronics,” Costco Chief Financial Officer Gary Millerchip told investors on Thursday after the company reported a 20.7% increase in online sales in the third quarter. He declined to provide further details, and Costco did not respond to a request for comment on Friday.Researchers at Wells Fargo estimated in…

AlibabaAliExpress, the international e-commerce retail division of BABA, has announced several promotional campaigns for shoppers after being named the exclusive global e-commerce partner of UEFA EURO 2024.The company announced that 1,000 shoppers will have the chance to win UEFA EURO 2024 match tickets.The promotional campaign also includes a ‘Summer Carnival’ themed Choice Day and Summer Sale, a ‘Shake & Win’ game with limited time prizes and a fun quiz where users can win discounts, match tickets and discount vouchers worth up to $500.With this launch, Alibaba aims to enhance the user experience for consumers around the world, which will help…

TikTok has put plans to expand its fast-growing e-commerce business in key European markets on hold, focusing instead on growth in the United States, where it is battling divestment and anti-divestment laws.The ByteDance-owned social media startup had planned to roll out its shopping platform in Spain, Germany, Italy, France and Ireland as early as July but has put that rollout on hold, the people said. The company has also frozen plans to bring its Shops feature to Mexico and Brazil, one of the people said. It is unclear if or when ByteDance might restart that process, the people added. The…

Catch up on select AI news and developments from the past week or so (in no particular order): Anthropic’s AI lets you create bots to work for you. Anthropic has introduced a new feature for its AI chatbot, Claude, allowing users to create customized bots for various tasks, such as email assistance, online shopping, and personalized recommendations. This feature, called “tool use” or “function calling,” integrates with external APIs, enabling the creation of AI assistants that can analyze data, handle customer inquiries, and more. The tool supports image processing for applications like virtual interior design. Beta tests show promise with…

Nigeria’s top banks earned N125 billion from electronic banking fees in the first three months of 2024, according to data compiled by Business Day. This represents a 50.9 percent increase from the 82.8 billion naira earned in the same period in 2023. Banks surveyed include First Bank, United Bank for Africa, Guaranty Trust Holding Company, Access Bank and Zenith Bank. A breakdown of the revenue generated from the e-commerce channel for these banks shows that UBA, Access Holdings and Zenith reported the highest revenues, while FBN Holdings and GTCO reported losses during the period. According to UBA's first quarter financial…

TikTok has put plans to expand its fast-growing e-commerce business in key European markets on hold, focusing instead on growth in the United States, where it is battling divestment and anti-divestment laws.ByteDance's social media app has put on hold plans to roll out its shopping platform in Spain, Germany, Italy, France and Ireland as early as July, the people said. The company has also frozen plans to bring its Shops feature to Mexico and Brazil, one of the people said.It's unclear whether or when ByteDance might restart the process, the people added, asking not to be identified discussing private information.The…

Falguni Nayar, founder and CEO of beauty e-commerce chain Nykaa, is a self-made businesswoman. She is one of the richest women in India with a net worth of $3.1 billion (approximately 2500 crores). Nayar quit her job to start Nykaa in 2012. Today, the e-platform sells thousands of brands online through 124 stores across India.Nika is backed by American private equity giant TPG Growth Company, as well as billionaires Harsh Mariwala and Harry Banga. Nair's husband Sanjay Nair is the India CEO of private equity giant KKR. Her twin daughter and son also work for the beauty brand. She is…