Author: Stole Trishanski
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Luxury Clothing Brands in UK Struggling to Survive
Luxury e-commerce retailers in the UK are facing significant declines in revenue, the most notable one being Boohoo, a company on track to lose its title as a billion-dollar business. Boohoo is known for its fast-fashion business model and has a very strong online presence with over 17 million followers across platforms. Its revenue growth…
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Fiverr Boosts eCommerce Capabilities with Acquisition of AutoDS, a Top Dropshipping Automation Tool
Today, July 31, 2024, the CEO of AutoDS, Lior Pozin, announced about Fiverr’s acquisition of AutoDS. Fiverr aims to strengthen their position in the e-commerce market with this acquisition. This whole move aims to empower sellers with efficient tools for product listing, inventory management, and automated order fulfillment. We all know about the giant Fiverr…
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Payment Failures Cause Mass Protests Against South Korean eCommerce
South Korean e-commerce platforms are facing a significant crisis as payment delays trigger widespread disruption. Hundreds of irate customers have staged protests demanding refunds for canceled orders, while sellers grapple with unpaid earnings. South Korea’s e-commerce landscape is facing a difficult situation since two major platforms, TMON and Wemakeprice, subsidiaries of Singapore-based Qoo-10, struggle with…
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AI-Powered Robot To Slash Cost of E-Commerce Deliveries
A new era of delivery robotics is dawning, marked by a departure from traditional reliance on LiDAR technology. Vayu Robotics’, innovative four-wheel robot, an approach utilizing AI and advanced sensors, has the potential to redefine the last-mile delivery landscape, while ending the dependance on the expensive LiDAR (Light Detection and Ranging) system. This article delves…
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Online Shopping Causes Pollution Surge Near Warehouses
Satellite data exposes a shocking link between e-commerce and air pollution. Warehouses, once invisible contributors to air quality issues, are now under scrutiny. The rapid growth of e-commerce has led to a surge in warehouse construction, often in close proximity to residential neighborhoods. The first nationwide study of its kind linked truck traffic from warehouses…
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Omni Retail Enterprises Appoints Jeff Haddox as CTO
Omni Retail Enterprises has announced the appointment of industry veteran Jeff Haddox as their new Chief Technology Officer (CTO), marking a strategic move to enhance their digital retail operations. Haddox’s expertise in digital retailing and customer engagement is expected to drive growth and innovation, positioning Omni Retail Enterprises for future success. Leadership Addition: Responsibilities: Jeff’s…
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How Chanel, Home Depot & Others Don’t Engage on X
Over 100 retail brands with millions of followers (130M+) have barely posted on the new X platform (formerly Twitter) in July 2024, suggesting a mass exodus after Elon Musk’s takeover and rule changes. This follows the departure of major retailers like H&M and Macy’s in late 2022. To investigate brand behavior on the new X…
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Human + AI = Search Success: The Winning Formula for E-Commerce
Forget sci-fi, AI is everywhere! From music playlists to traffic updates, it’s quietly shaping your online world. Now, it’s transforming e-commerce search, with over 50% of retailers using AI to personalize your shopping journey. This tech miracle is expected to reach a staggering $16.8 billion by 2030 (15.7% CAGR). AI promises a smoother search experience,…
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eCommerce Entrepreneurs Get Huge Support with New Tax Regulations
New regulations by the Trade, Industry, and Competition Ministry aim to create fair competition between local e-commerce entrepreneurs and international giants. These measures level the playing field, giving local entrepreneurs a better chance to compete against international platforms. If you run your own eCommerce or dropshipping business, here are the biggest changes that may affect…
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Ocula Raises £3.25M to Triple eCommerce Client Base with AI
Belfast-based startup Ocula has raised £3.25M in Series A funding to enhance eCommerce efficiency using AI, marking a significant milestone in the industry. Funding Details: AI Integration: Analysis Ocula’s innovative AI solutions are leveling the playing field for retailers, offering advanced tools to compete with industry giants. Ocula’s successful funding round underscores the growing importance…