Around the Ecommerce world in 5 mins!

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Ecommerce is changing everyday, and sometimes by the minute. So many new ideas and developments everyday, becomes hard to keep track.

We bring to you a curated digest of ecommerce developments/happenings around the world, compiled from various publications across the Internet.

Amazon Gives Brands Their Own Stores

Amazon is wooing brands with a new offering called Amazon Stores that replaces brand “pages,” which launched 5 years ago. The new Store offering provides brands a more powerful way to showcase their products – they can customize the look of their store and can curate it with a dynamic or handpicked assortment of products.

eBay to Launch New Question and Answer Feature

eBay is providing a new way for shoppers to ask questions about generic products on catalog product pages, and any seller (and apparently other buyers) can answer those questions. The new Questions & Answers feature is not specific to particular sellers and is made possible by eBay’s Structured Data Initiative.

Online shoppers spend an additional 25% when picking up an online order at Macy’s

Online shoppers spend an additional 25% more when they pick up an order in a Macy’s Inc. store, and now the retail chain is trying to figure out how to get more of those online shoppers into its stores. Macy’s, No. 6 in the Internet Retailer 2017 Top 500, does not break out online sales in its quarterly earnings report, however chief financial officer Karen Hoguet told analysts on the retailer’s second quarter 2017 earnings call Thursday that online sales were up by double digits year over year for the 32nd consecutive quarter.

SoftBank invests US$1 billion in sports e-commerce firm Fanatics

SoftBank Group Corp is investing US$1 billion in Fanatics Inc as a part of a funding round that values the sports e-commerce company at US$4.5 billion, according to sources familiar with the matter. The new funding is expected to close later this month, one of the people said, asking not to be named because the news was not yet public. Fanatics declined to comment and SoftBank could not immediately be reached for comment.

Alibaba Seeks Upscale Clientele for Goods, Services

Alibaba Group, the Chinese ecommerce giant, is courting upscale consumers in what it sees as its next bastion of growth. While ecommerce sales have been slowing in the region, well-heeled consumers are increasingly purchasing luxury goods and upscale services online, presenting an opportunity for the company to continue on its rapid growth pace.

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