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Archive for the ‘Ecommerce Articles’ Category

Handling Abandoned Carts from Opencart Multivendor Admin

Why the abandoned cart is Friendly for admin despite the major benefit of PurpleTree abandoned cart Extensions module is to provide information about customers products which is added in a cart like shoes, shirts, etc. All the information of cart will send to the admin via abandoned cart module. The admin can inform the customer ...

Square reports Q1 sales of $489M, up 59%, but net loss widens to $38M

After Square issued weak guidance in Q4, all eyes were on the payments company to see what kind of growth it really had in Q1. Results reported today underscored some of the challenges the company is facing. Square’s adjusted revenues were $489 million, up 59 percent year-on-year, with adjusted earnings per share of $0.11. Both figures beat analysts’ estimates. ...

Instagram will now let creators and influencers sell items directly

The monetization hose is on full blast at Instagram now, and today at F8, Facebook unveiled one of the latest developments on that front. The company said that creators will now be able to tag items to sell them directly to people viewing their posts and Stories. For now, this will work only on items ...

Marriott is reportedly launching a home-sharing product in the U.S.

Airbnb is about to face some more competition in the U.S. with Marriott’s reported entrance into the home-sharing business. On the heels of a successful home-sharing pilot in Europe, Marriott is gearing up to launch a home rentals product in the U.S., according to the Wall Street Journal. Marriott is expected to make the plans ...

PayPal makes a big marketplace play with its $500M investment in Uber

Uber’s announcement of its IPO pricing earlier today came with a $500 million belated Easter egg. The payments giant PayPal is making a half-billion-dollar investment in the company, paying $47 per share, which gives the company a valuation of $78.8 billion (in the middle of the range of Uber’s IPO pricing of $44-$50 per share). ...

Amazon is pushing for one-day Prime shipping

Yesterday Amazon managed to beat out Wall Street’s already optimistic expectations with another record quarterly revenue. In amongst its victory laps, the company announced intentions to shift its free two-day Prime shipping to one-day. The move has been a holy grail for the company, which has already pushed parcel services and its own fulfillment centers ...

U.S. slams Alibaba and its challenger Pinduoduo for selling fakes

China’s biggest ecommerce company Alibaba was again on the U.S. Trade Representative’s blacklist over suspected counterfeits sold on its popular Taobao marketplace that connects small merchants to consumers. Nestling with Alibaba on the U.S.’s annual “notorious” list that reviews trading partners’ intellectual property practice is its fast-rising competitor Pinduoduo . Just this week, Pinduoduo founder ...

Grocery delivery startup Honestbee is running out of money and trying to sell

Honestbee, the online grocery delivery service in Asia, is nearly out of money and trying to offload its business. The company has held early conversations with a number of suitors in Asia, including ride-hailing giants Grab and Go-Jek, over the potential acquisition of part, or all, of its business, according to two industry sources with ...

Amazon beats optimistic profit expectations for Q1

Amazon announced today that it has beat Wall Street’s already optimistic Q1 projections. The e-commerce giant’s revenues have slowed a bit, contributing to moderate fluctuations in after-hours trading, but the company greatly benefits by ever-increasing profit margins. Net income for the quarter hit $3.6 billion, a new record for the company. Much of those inflated ...

Amazon Prime’s dominance is spurring new startup opportunities

Amazon has made two-day shipping the new industry standard -- a standard most competitors can’t meet. Fortunately, some exciting new logistics startups are emerging to help them compete with Amazon. ...