E-commerce news and archive

AI-driven shopping app Yaysay secures 10.3 million dollars in funding

Yaysay, a shopping app utilising artificial intelligence (AI) to provide a personalised gamified experience, has secured 10.3 million dollars in funding in order to launch its Beta mode into the market. The app, co-founded by industry veterans from Casper, Gilt Groupe and Stitch Fix, aims to make off-price shopping a “five-minute daily habit”,...

Business

European e-commerce sales continue to grow, but growth is becoming increasingly slower

European e-commerce sales continued to grow in 2022, according to a new report by Ecommerce Europe and Eurocommerce. Thanks to 6 percent growth, B2C sales reached 899 billion euros. However, growth is slowing down. Indeed, in 2021, the growth rate was still at 12 percent, the platforms reported. Several elements play into the differences between...

Business

Fanatics partners with Dazn Group on e-commerce merchandise experience

Digital sports platform Fanatics has announced a new partnership with Dazn Group that will see the introduction of purchasable merchandise on Dazn’s sports entertainment app. From the third quarter of 2023, Dazn customers will be able to purchase a “substantial” product range directly from an integrated online store on the app, with pieces...

Retail

Shopify launches first AI-powered commerce assistant

E-commerce provider Shopify has announced a wide array of updates in its Summer '23 Edition, with AI at its core. In a statement the company said the primary focus of these updates is to empower merchants with heightened productivity, creativity, and capabilities, marking the dawn of a new era in commerce. Among the highlights of the Summer '23...

Business

Dsquared2 launches new online flagship store to bolster D2C sales

Luxury apparel brand Dsquared2 has unveiled a new online flagship store as part of its efforts to maximise global D2C reach and revenue. Via a partnership with digital commerce specialist Astound Commerce, the fashion house has set out to offer a fully localised and seamless experience, while securing complete ownership over the storefront and...

Business

LK Bennett introduces AI-powered e-commerce fitting service

British fashion brand LK Bennett has stepped into the artificial intelligence (AI) revolution via a new partnership with tech firm TrueFit, which will see the retailer introduce a new form of online fitting services. LK Bennett will put to use TrueFit’s Fashion Genome, allowing shoppers to access fit preferences and decode sizing in a bid to...

RetailFeatured

Study reveals that next gen shoppers are ready for AI, AR and robots

Global payments and shopping service Klarna released data last week that reveals how retailers will need to adapt to win customers in the future - that means investing in artificial intelligence (AI), augmented reality (AR) and robots, which according to the study “are likely to dominate the in-store and online landscape”, especially fashion...

Business

Michael Malul London launches DTC e-commerce with ESW

Fragrance manufacturer Michael Malulu London has launched a new international direct-to-consumer (DTC) e-commerce platform for the brand via a partnership with ESW. The Ohio-based brand will now be able to ship to 24 countries across Europe, as well as the UK and US. It comes as various countries in the EU and North America begin to crack down...

Business

True Fit extends partnership with Google Cloud

Personalisation platform TrueFit has announced the extension of its strategic partnership with Google Cloud, which will see it establish stronger integrations of its BigQuery services. It comes as TrueFit looks to optimise how it serves and shares the data from its fashion dataset Fashion Genome with its brand partners. Currently, the service...

Business

Marks & Spencer launches The Sports Edit platform on e-commerce site

British department store Marks & Spencer has taken a significant step into the sportswear market with the launch of a new sports platform on its e-commerce site. The Sports Edit sees over 200 sportswear and apparel products introduced across women’s activewear and apparel from third-party brands, including the likes of Beyond Yoga, Veja, Hoka...

Business

Very to add AI-powered search functions to e-commerce

Online retailer Very has announced a new partnership with US-based tech firm Constructor, which will see the implementation of artificial intelligence (AI) solutions into its customer experience. Through the deal, Very will integrate new search, browse and autosuggest tools across its website and app, in order to optimise the product discovery...

BusinessFeatured

January e-commerce sales fall to almost pre-pandemic levels

The beginning of 2023 has proven to be a disappointment for e-commerce sales, with a decline that has largely been impacted by rising inflation in the UK and difficult trading conditions. According to research by Interactive Media in Retail Group (IMRG), e-commerce sales slowed by minus 2.2 percent YoY, presenting a negative-on-negative growth...