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Firework, a prominent video commerce and engagement platform, announced the launch of its artificial intelligence (AI)- powered virtual shopping assistant, AVA (AI Virtual Assistant). This innovative tool is designed to revolutionize the eCommerce experience for merchants and customers by transforming…
Same-store sales, also known as comparable-store sales or “comps,” is a key performance indicator (KPI) that measures the revenue growth of a retail company’s existing stores over a specified period. This metric focuses on the sales generated by stores that…
From bespoke engagement rings and heirloom watches to the latest haute couture, these top 10 jewelry and luxury product websites in the USA are the premier destinations for those looking to indulge in the finest wearables that money can buy.…
If you’re keen on keeping up with the latest trends sweeping across social media, you can’t have missed the latest aw-sitively adorable sensation– the Kitty Plush Bag. It’s the cuddly companion turned viral fashion statement that’s been capturing hearts on…
A recent report from RetailX Global Luxury Report 2024 reveals a surprising statistic: less than 14% of luxury shoppers are utilizing online channels for their purchases. This data, published on March 19th, 2024, underscores the enduring allure of in-store experiences…
According to a new McKinsey report, the trend of “trading down” among American shoppers is gaining momentum in 2024, with 77% of consumers opting for more cost-effective shopping habits. This shift in consumer behavior is largely driven by the need…
Saks, a premier luxury e-commerce platform, announced its partnership with Lucid Motors, an American manufacturer of luxury electric vehicles. This collaboration, launched in February 2024, is Saks’ first venture into the electric vehicle (EV) market, reflecting the retailer’s innovative approach…
As of the latest reports, split-payment options have seen a significant surge in popularity among US shoppers. According to the PYMNTS Intelligence report, 60% of consumers have utilized these flexible payment methods within the past year, indicating a strong trend…
In a proactive move to combat the rising tide of shoplifting, Primark has implemented a new security measure across its stores. The retail giant is now sealing customers’ paper carrier bags with conspicuous blue “sold” stickers at the checkout points.…
AliExpress, the Chinese marketplace platform owned by Alibaba, invites UK influencers to try livestreaming e-commerce. The new livestream service, which will operate through a partnership with Vogue Business, allows shoppers to interact with local models, actors, and TV personalities. Former…