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“#Poshmark files to go public after turning profits this year” Fashion resale platform Poshmark is plotting an initial public offering after raking in its first profits this year. The nine-year-old startup said it’s benefitted from the coronavirus-fueled boom in online shopping that’s helped its 4.5 million active sellers supplement their income by selling clothes out…
“#Best inappropriate ugly Christmas sweaters to wear this year” Who needs an ugly Christmas sweater when you can opt for an inappropriate holiday sweater? This time last year, Walmart had apologized for the now-infamous sweater depicting Santa Claus with a suspicious white powder arranged in lines that appears to be cocaine, but the tawdry sweater…
“#12 Advantages of eCommerce in the Manufacturing Industry” Manufacturers are catching on that eCommerce is a necessity. Product-focused distributors and retailers are becoming more customer-centric, and manufacturers are beginning to realize that they, too, must change the way they approach selling. While some manufacturers already have an online presence, they depend on rigid legacy systems…
“# How DeFi can improve the e-commerce sector ” Decentralized finance and shopping seem like an unusual combination at first. How can liquidity pools help you save money at the till? But scratch a little deeper and some compelling use cases for DeFi emerge. With the retail sector suffering through one of the most challenging…
“#Chinese consumers spend over $100B during shopping festival” Chinese consumers spent over $100 billion during this year’s Singles’ Day shopping festival, signaling a rebound in consumption as China recovers from the coronavirus pandemic and a battering of the economy. From Nov. 1 to Nov. 11, shoppers spent 498.2 billion yuan ($75.1 billion) on Taobao and…
“#China gears up for world’s largest online shopping festival” HONG KONG — Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles’ Day online shopping festival, as the country recovers from the pandemic. The shopping festival, which is the world’s largest and falls on…
“# A new DeFi project could let smart contracts buy physical goods ” Boson Protocol, a project that seeks to connect the real world of physical commerce to smart contracts, has announced a successful $350,000 seed round on Monday. The project is creating the “building blocks for next-gen dCommerce apps” by providing a way to…
“#Amazon says COVID-related expenses will cost $4B this quarter” By the time this fiscal quarter is through, Amazon estimates it will have spent more than $11 billion on coronavirus-related expenses. The e-commerce titan said during its Thursday earnings report that it expects to spend around $4 billion battling the virus, on top of the $7.5…