Luxury e-commerce platform Saks unveiled on Tuesday the Saks Media Network, a new initiative aimed at assisting brands in reaching Saks’ affluent customer base through digital advertising across the shopping journey. Saks launches Saks Media Network. – Saks Through the Saks Media Network, harnessing Saks’ extensive customer data, and a robust traffic volume exceeding 435 … Read more
Italian streetwear brand P448 announced on Tuesday a joint venture partnership with The Camp Brands, to bolster its wholesale distribution and retail expansion across Europe, as well as launch branded apparel under the label P448 Europa. P448 partners with The Camp Brands to expand in Europe. – P448 Heading the P448 Europa venture is Javier … Read more
The days of buying ultracheap stuff on TikTok Shop may be winding down. Starting today, the fees TikTok charges sellers increase from 2 percent to 6 percent of the price of each order. They will creep up to 8 percent in July. The changes may mark a crucial moment for people who shop on TikTok … Read more
In December, Pandabuy announced on its official Discord server that more than 15,000 influencers joined its affiliate marketing program last year, thanking them for their “dedicated efforts” with two emojis of Pepe the Frog clutching a red heart. That’s a small number compared to Amazon’s roughly 900,000 affiliates, but trading in counterfeits is illegal. If … Read more
Macy’s shares jumped 16% on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing the U.S. department store operator at $6.58 billion. Reuters They raised the offer price to $24 per share from $21 for the stake they do not already own, representing a 38% premium to Macy’s closing price … Read more
By Reuters Published Feb 22, 2024 Etsy Inc on Wednesday warned of a fall in first-quarter gross merchandise sales (GMS) on weak demand for handcrafted goods and personalized gifts sold at its online marketplace. Reuters Shares of Etsy declined about 4% in extended trade, as the company also reported fourth-quarter GMS that missed market expectations. … Read more
By Reuters Published Feb 14, 2024 Canadian ecommerce services provider Shopify on Tuesday beat analysts’ estimates for fourth-quarter revenue and profit on strong demand from merchants during the all-important holiday shopping season. Reuters However, the company’s U.S.-listed and Toronto shares fell nearly 10%. Analysts pointed to the run-up in the stock for the decline and … Read more
By Reuters Published Feb 2, 2024 Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical holiday period. Investors cheered the results, sending Amazon shares up as much as 8% in trading after the market close. Amazon’s roster of high-spending business … Read more
Clare Walker, a 23-year-old in Brooklyn, has racked up about $700 worth of gift cards or, in her words, “free money,” by referring her contacts to Flip. “There were definitely some people who I haven’t really kept up with since high school, but I was like, ‘Hey, add me on Flip. Here’s a free 75 … Read more
If you are planning to buy your donkey meat on Amazon this Christmas, you may have to look elsewhere. The world’s largest online retailer says it has stopped selling edible donkey in California, WIRED has learned. Amazon’s new policy kicked in after months of negotiations with the Center for Contemporary Equine Studies, a nonprofit organization … Read more
