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.
eBay CEO Devin Wenig hopes to be able to anticipate what shoppers want to buy by utilizing artificial intelligence (AI). In a post on the eBay corporate blog, Wenig discussed how technology is influencing ecommerce, and he also discussed his own company’s interest in this area. The CEO expects the pace of development of AI to accelerate over the next two to three years “beyond anything previously imagined,” and he believes commerce will be the focus of some of the most immediate and exciting applications of AI. Technology will even render the search box redundant, he said.
Online sales offered a small bright spot in an otherwise cloudy fiscal Q1 for Tiffany & Co. E-commerce sales for Tiffany, No. 127 in the Internet Retailer 2016 Top 500 Guide, grew slightly year over year during the quarter, vice president of investor relations Mark Aaron told analysts on an earnings call Wednesday. But the jeweler did not break out online sales nor provide details on percentage growth. Total sales declined 7.4% for the quarter compared with the same period last year.
Etsy made a slight change to how visitors navigate a Shop’s listings. Previously, shoppers could scroll through the first 24 items in a Shop, and then have the option to view “More items” (which would show another 24 items) or “View all items.”
Online merchants in Europe still face barriers when they are selling abroad. Legal fragmentation, taxation systems, logistics and distribution are among the most difficult barriers to overcome for online merchants who are trying to expand their business cross-border in Europe.
Chinese e-commerce giant Alibaba wowed investors when it went public in the U.S. in September 2014, and its profits have bucked Wall Street expectations amid the Chinese economy’s slowdown. Yet its unorthodox business structure has raised eyebrows, it’s been suspended from an anti-counterfeiting group, and now U.S. regulators are investigating its accounting practices.