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Retail technology news, analysis, and trends covering ecommerce, AI, payments, data, stores, and digital commerce.
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eBay has introduced an innovative “resell on eBay” feature designed to simplify the process of listing pre-owned clothing for resale. This new feature, launched on May 16th, 2024, is part of eBay’s broader initiative to foster a circular economy in…
DRESSX, the largest digital fashion company, has recently launched DRESSX Gen AI – an innovative generative AI technology that enables users to create personalized digital fashion looks within seconds based on text prompts. This AI solution utilizes Generative Adversarial Networks…
According to McKinsey & Company, ‘Generative AI in Fashion’ report suggests generative AI could add, conservatively, $150 billion and up to $275 billion to the apparel, fashion, and luxury sectors’ operating profits in the next three to five years. This…
According to a report by PYMNTS Intelligence, a significant 41% of Gen Z cardholders are dissatisfied with their credit card rewards programs. This sentiment starkly contrasts with that of millennials, where only 28% have reported similar discontent. The findings suggest that…
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…
Pay-by-Bank Payments, also known as bank transfers or direct debits, are a type of payment method that allows consumers to make purchases directly from their bank accounts. This payment option eliminates the need for credit cards or cash, providing a…
Have you ever wandered into a small, enchanting shop that seemed to cater exactly to your taste and style? That, my friend, is the essence of a boutique. Unlike the vast aisles of big-box retailers, boutiques offer a specialized and…
Retail has come a long way since its humble beginnings. From the days of bartering and trading goods to the rise of brick-and-mortar stores and now the digital age of e-commerce, the retail industry has constantly evolved to meet consumers’…
Fashion giant Mango has unveiled its first interactive store on the popular gaming platform Roblox. This pioneering foray into the metaverse marks a strategic move for the fashion brand to connect with the next generation of young consumers in a…
Artificial Intelligence has emerged as a transformative force in various industries, including fashion and retail. It offers numerous benefits, such as streamlining product design processes, enhancing customer experiences, and optimizing supply chain management. However, the increasing use of AI in…
In recent years, the concept of the metaverse has gained significant attention and hype. From tech companies to marketers, everyone is discussing the potential impact of the metaverse on various industries, including retail. But what exactly is the metaverse, and…