Discover more from Weekly eCommerce and around reads from Magenable
Instagram scaling back ecommerce features, ecommerce start-ups growing despite of slowdown and more in this issue of eCommerce and around reads from Magenable - Issue #259
Instagram scaling back ecommerce features, ecommerce start-ups growing despite of slowdown and more in this issue
Instagram to scale back shopping features amid commerce retreat - report | Reuters — www.reuters.com Meta Platforms Inc's Instagram is planning to drastically scale back its shopping features as it shifts the focus of its e-commerce efforts to those that directly drive advertising, the Information reported, citing an internal memo.
iTWire - Average online order value grows but units per order shrinks at 13%: study — itwire.com In the retail sector, Aussies spent on average $2.90 more in each online transaction for an average order value of $138, peaking at $149 in June 2022. However, while the average online order value increased, it did so at lower than inflation and the actual size of shopping carts declined—with units per order shrinking by 13%, according to e-commerce and marketplace Pattern.
The rise of BigCommerce - an Open SAAS Strategy — www.linkedin.com Many years ago I broke with the Magento crowd and went multi-platform. At the time, and actually even today companies and people said I did the wrong thing. That I wasn't being loyal, that I wasn't looking after the Magento ecosystem, etc.
Farfetch strikes a deal to build a luxury e-commerce giant. — www.nytimes.com The agreement to buy a big stake in Yoox Net-a-Porter is a step toward consolidation in the online luxury retail industry. Farfetch took a step on Wednesday toward long-awaited consolidation in the world of luxury e-commerce, agreeing to buy a big stake in its longtime rival, Yoox Net-a-Porter.
Why AI-Managed Supply Chains Have Fallen Short and How to Fix Them — www.bcg.com In this publication BCG highlights the benefits of an ai-driven supply chain including how to avoid common pitfalls. Read more to find out how we can help.
Special Series Part 5: These E-Commerce Startups Sped Up Despite The Slowdown — news.crunchbase.com Not all e-commerce sectors are slowing. These four startups doubled their valuations—or more—after recent funding rounds.