Page 10 - Ecommerce News Today

Online shoppers continue to increase in India but cash on delivery (COD) remains the preferred mode of payment. The chances of return to origin (RTO) orders are significantly higher in these orders as opposed to prepaid orders. ​​RTO is when undelivered orders are returned before delivery causing a major setback to operations for exommmerce brands as they add to logistics costs, inventory blockage, loss of true conversions and leaking profitability.

According to a complaint filed on Thursday in federal court in Seattle, Amazons algorithm for choosing what to display in its "Buy Box" when shoppers search for products often obscures lower-priced options with faster delivery times.

Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analysts estimates. Net income sank to 14.4 billion yuan ($2 billion), down 77% compared to a year earlier.

A next generation of eCommerce retail software is hitting the market with venture backed 10Web challenging market leaders like Amazon, Shopify, etc.

Naveen Tahilyani is currently the CEO and MD of Tata AIA Life Insurance. He will assume the CEO role at Tata Digital on February 19. Sources said he was handpicked by Tata Sons chairman N Chandrasekaran after having demonstrated good execution in the insurance, banking and asset management business of the group.

Wishlink said it will use the funds to scale its core ‘fashion category by onboarding over 15,000 content creators and 1,000 brands by the end of the year. The proceeds from the current fundraise will also be used to strengthen user experience, expand into newer segments including beauty and personal care, home decor, health and fitness.

From 2024 onward, brands need to navigate three rupture points that could deeply change luxury for good, all while managing the current slowdown in merchandise sales.

Ecommerce: There are many inspiring stories of start-ups and entrepreneurs who have successfully scaled up and transformed their businesses by embracing e-commerce.

FNB has switched off its contactless tap-to-pay facility for Android-supported mobile devices after seven years, and referred clients to other in-demand mobile payment apps such as Google Wallet.

Reflects commitment to sustainable growth, in harmony with people and environment