Payments News

On The Web

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Global

Here’s the hard truth about e-commerce sales in India

““The myth that brands indulge in deeper discounting during [the] sales period as compared to [the] non-sales period is not really true,” Ace Turtle, which gathered data across one million products sold by more than 30 fashion brands to over 20,000 postcodes, found.”
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Companies

Walmart Changes E-Commerce System

“Implementing a new system, Walmart’s e-commerce strategy is in for a big change. Online shoppers may find that certain household items they wish to place in their cart will be “out of stock.” These items—considered too far away from a customer’s shipping address—will then be unavailable for purchase. The move stems from the retailer’s attempt […]
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Use

The end of the beginning

“Close to three quarters of all the adults on earth now have a smartphone, and most of the rest will get one in the next few years. However, the use of this connectivity is still only just beginning. Ecommerce is still only a small fraction of retail spending, and many other areas that will be […]
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Deals

Ron Johnson’s E-commerce Startup Enjoy Raises $150M, Expands in UK

“Enjoy , the e-commerce startup led by former Apple VP of retail operations, Ron Johnson, has raised an additional $150 million in Series C funding from L Catterton’s new consumer technology platform, LCH Partners. The funds will be used to fuel Enjoy’s U.K. expansion and other international growth. The startup is also today launching a […]

On The Wires

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