Global-e Online Buying Pitney Bowes’ Borderfree Ecommerce Business

By Chris Wack Global-e Online Ltd. said it is buying Pitney Bowes’ Borderfree cross-border ecommerce solutions business for $100 million. The companies will also begin a strategic partnership and commercial relationship, with Pitney Bowes providing cross-border ecommerce logistics services to Global-e and its clients, Global-e said. In turn, Pitney Bowes clients will receive access to … Read moreGlobal-e Online Buying Pitney Bowes’ Borderfree Ecommerce Business

Mattel Stock Could Surge 50% on Rising Earnings

Text size These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being … Read moreMattel Stock Could Surge 50% on Rising Earnings

Online marketplace OnBuy appoints new chief technology officer

Fast-growing e-commerce firm OnBuy has appointed experienced telecommunications and electronics executive Julian Browne as its new chief technology officer. The Dorset company – the UK’s fourth-largest online marketplace – said Mr Browne would drive new technological plans it is set to reveal, and will be “full of significant improvements and new integrations”. Mr Browne joins … Read moreOnline marketplace OnBuy appoints new chief technology officer

The top team leading Matthew Moulding’s online retail and software giant THG

Online retailer and software giant has grown into one of the North West’s largest companies since it was founded in 2004. The Manchester-headquartered company was established by Matthew Moulding and John Gallemore and floated on the London Stock Exchange in 2020. That move valued the group at £5.4bn at the time, but its fortunes have … Read moreThe top team leading Matthew Moulding’s online retail and software giant THG

Newcastle’s Venture Stream taps into £750,000 investment to accelerate online marketplace

A Newcastle digital agency is launching an online marketplace to help freelancers find work on the back of a £750,000 investment package. Founded in 2014 by Vic Morgan, the e-commerce and digital marketing business has grown its turnover, client base and workforce and now has a team of 27 employees managing more than 60 accounts … Read moreNewcastle’s Venture Stream taps into £750,000 investment to accelerate online marketplace

Victims in SG lose S$466,000 to scammers impersonating ecommerce platform staff

SINGAPORE: At least 66 people have fallen prey to scammers impersonating staff from ecommerce marketplaces since January this year, losing at least S$466,000 (RM1.48mil) in total. The police issued a statement on Friday (May 20) warning of this growing risk, with victims getting phone calls from scammers over issues with their ecommerce platform accounts. The … Read moreVictims in SG lose S$466,000 to scammers impersonating ecommerce platform staff

Prosus to sell Russian online marketplace Avito, formerly worth $6bln

AMSTERDAM – Prosus, the Dutch-based technology investor, said on Friday it would seek a buyer for its Russian online marketplace Avito. Avito had been one of Prosus’s most valuable investments until Russia’s invasion of Ukraine on Feb. 24, with an estimated valuation of around $6 billion. In March, Prosus said it would cut ties with … Read moreProsus to sell Russian online marketplace Avito, formerly worth $6bln

Dow futures up nearly 400 points ahead of retail sales and comments from Fed’s Powell

U.S. stock index futures surged on Tuesday, with the technology sector leading the way higher ahead of a batch of economic data, including April retail sales and comments from several Federal Reserve speakers, including Chairman Jerome Powell later in the session. How are stock-index futures trading? S&P 500 futures ES00, +1.47% climbed 68.50 points, or … Read moreDow futures up nearly 400 points ahead of retail sales and comments from Fed’s Powell

Musk’s ‘bizarre tweet’ is the latest reminder that retail investors eyeing Twitter should proceed with caution

If you recently gobbled up Twitter TWTR, -10.16% stock on the news that Elon Musk would be paying $54.20 a share to acquire the social media company and take it private, Friday the 13th is living up to its reputation. Just know that investing experts have been urging caution all along for anyone eyeing potential … Read moreMusk’s ‘bizarre tweet’ is the latest reminder that retail investors eyeing Twitter should proceed with caution

Apple extols its benefits to retail staff as it faces union push

Apple Inc, confronting unionisation efforts at several of its stores, has begun holding meetings with employees and posting notices that extol the company’s benefits. On May 12, Apple began publishing laminated copies of a letter in store backrooms. The two-page note outlines benefits such as vacation time, a 401(k) plan, product discount programmes and health … Read moreApple extols its benefits to retail staff as it faces union push

Retail investors continue to buy dip despite turmoil: TD Ameritrade

Retail investors have continued to buy the dip in the recent market turmoil, even liking tech despite the sector rout, according to brokerage TD Ameritrade’s AJ Kahling. “Our indicators, TD Ameritrade [Investor Movement Index], just came out this morning indicating indeed that the retail traders are continuing to buy the dip,” Kahling, head of international … Read moreRetail investors continue to buy dip despite turmoil: TD Ameritrade

AI in Retail Market Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem – World News Report

The global Artificial Intelligence in Retail market was valued at USD 3.15 Billion in 2021 and it is estimated to be valued over USD 21.4 Billion by 2030, at a CAGR of over 37.4% during the forecast period from 2022 to 2030 /EIN News/ — Pune, May 11, 2022 (GLOBE NEWSWIRE) — Vendor Assessment Vendor … Read moreAI in Retail Market Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem – World News Report

Meta retail store opens doors this month

Meta, formerly known as Facebook, is launching its first retail store called the Meta Store. The retail space, slated to open this month, will give customers a hands-on experience with all the company’s hardware products and experience interactive demos. The store is located on Meta’s campus in Burlingame, Calfiornia and the goal is to let … Read moreMeta retail store opens doors this month

Absa Small Business Friday campaign offers real cash-back rewards to SMEs and retail customers

In a move aimed at supporting, growing and rewarding small and medium enterprises (SMEs), Absa has launched the Absa Small Business Friday campaign. In terms of the campaign, Absa Rewards customers who shop at participating SME outlets on Fridays will earn double cash back when they use their Absa card to pay at an Absa … Read moreAbsa Small Business Friday campaign offers real cash-back rewards to SMEs and retail customers

Metaverse in Retail and Ecommerce Market – Technology Assessment, Company Profiles, Strategies, Capabilities & Product Mapping & Regional Economic Analysis by MDC Research – World News Report

“The global Metaverse in Retail and Ecommerce Market was valued at USD 8.3 Billion in 2021 and it is estimated to be valued over USD 125.7 Billion by 2030, at a CAGR of over 35.64% during the forecast period from 2022 to 2030., North America was valued USD 2.41 Billion in 2021.”  /EIN News/ — … Read moreMetaverse in Retail and Ecommerce Market – Technology Assessment, Company Profiles, Strategies, Capabilities & Product Mapping & Regional Economic Analysis by MDC Research – World News Report

Shopify Reports First-Quarter 2022 Financial Results, Plans …

(MENAFN– Newsfile Corp) Shopify Reports First-Quarter 2022 Financial Results, Plans to Acquire Ecommerce Fulfillment Technology Provider Deliverr Addition of Deliverr seeks to expand fast and easy fulfillment for independent brands across channels Shopify reports in U.S. dollars and in accordance with U.S. GAAP Internet, Everywhere–(Newsfile Corp. – May 5, 2022) – Shopify Inc. (NYSE, TSX: … Read moreShopify Reports First-Quarter 2022 Financial Results, Plans …