The European Commission hopes to reduce fraud rates in online transactions through a new ruling that will mandate merchants, banks and payment processors will have to implement two-factor verification on electronic transactions over €30. Experts fear that this could cause friction into what is otherwise a smooth checkout experience.
Buying digitally-native brands haven't made a meaningful impact on the retailer’s bottom line since Bonobos in 2017. Walmart says that it is now delaying any potential acquisitions for at least a year, proving that its differentiation strategy has failed.
Big-box retailers like Target and Walmart increasingly want their stores to double as fulfillment centers, and are remodeling stores and working with more last-mile delivery services in order to do so. But this idea isn’t without limitations.
Fifth Wall has raised $503 million for its second fund focusing on real estate technology. The LA-based firm's portfolio includes outdoor gear retailer Cotopaxi, scooter startup Lime and Opendoor, which operates a platform for buying and selling homes.
ThirdLove, the direct-to-consumer lingerie and underwear retailer, is opening its first experiential store in New York City on July 24. The fitting is an extension of the company’s online “Fit Finder” questionnaire, which is designed to determine the right size bra for the shopper via proprietary algorithms.
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eCommerce companies: Free Returns and Free Shipping
Contrary to popular belief, shoppers often incur shipping charges when placing online orders and on average, they pay for shipping on 20% of their orders. 1 in 3 shoppers report paying for free shipping on at least half of their orders while 7 in 10 pay for free shipping for most of their orders. Due to the nature of eCommerce, it gets difficult to implement free returns the smaller an eCommerce company is.