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Latest developments in e-commerce and AI, covering Amazon’s dominance in beauty products, TikTok’s Olympic advertising, and global e-commerce landscape.
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The 2024 Olympic Games in Paris have brought an increase in business for French retailers, with Visa data revealing a significant surge in consumer spending during the opening weekend of the event.
US retailers are accelerating their holiday import shipments to the country in a bid to mitigate potential disruptions caused by a looming port strike and ongoing supply chain challenges, Reuters reported.
Amazon electrifies UK transport; Walmart dominates U.S. online groceries. India and Korea’s e-commerce soar, driven by AI and live-streaming innovations.
E-commerce marketplace eBay has announced revenue of $2.57bn in the second quarter of fiscal 2024, up 1% on an as-reported basis.
E-commerce giant Amazon has reported a 10% increase in net sales in the second quarter of the fiscal year 2024 (Q2 FY24).
Amazon has reached unprecedented delivery speeds for its Prime members in the US, UK, and across Europe, setting a new record with more than five billion items delivered the same or next day so far this year.
Stay updated on e-commerce and AI with Publicis’s Influential acquisition, Amazon’s Prime delivery expansion, Walmart’s strategies, FedEx’s growth, and more.
Latest developments in e-commerce, featuring Walmex’s quarterly growth, Best Buy’s personalized tech solutions, and more global news on Amazon, TikTok, and Meta.
Fast-fashion giant Shein is making a major play for the European market, pledging €250m ($270.5m) in investments over five years, Reuters reported.
Total UK retail sales experienced a marginal year-on-year (YoY) decline of 0.2% in June 2024, according to the BRC)-KPMG Retail Sales Monitor.
US ports saw a 3% increase in import cargo volumes despite high shipping rates, unresolved port labour negotiations and Red Sea disruptions.
E-commerce & AI updates: Alibaba’s AI-driven global expansion, Walmart’s automated centers, US supply chain challenges, BYD’s Turkey investment, Brazil’s tax changes.
British parcel company Evri is attracting interest from major players in the global e-commerce landscape, with Chinese retail giant JD.com emerging as a potential bidder, Reuters reported.