E-Commerce

Top 3 Insights From 100 Brands Using Generative AI in E-Commerce
February 29, 2024 at 9:13 am

How generative artificial intelligence will transform online shopping is a hot topic in e-commerce. One year after generative AI started to dominate headlines, what have we learned about its real impact on e-commerce? This article presents findings from iAdvizeโ€™s inaugural Barometer of Generative AI in E-Commerce โ€” a report that uses first-party data to shareโ€ฆ

Building a Resilient E-Commerce Business in a Changing Economy
February 27, 2024 at 12:12 pm

Many entrepreneurs have turned to e-commerce thanks to its incredible flexibility and extraordinary earning potential. However, as is the case with any business, there are challenges to be aware of โ€” and the challenges in the e-commerce sector can be particularly unique, especially in the light of a tumultuous economy. How the Economy Affects E-Commerce Recentโ€ฆ

Report: Amazon.com US Sales Will Surpass $640B in 2024
February 26, 2024 at 11:26 pm

Amazon.com U.S. retail sales will total $641.3 billion in 2024, an increase of 19.9 percent or $106.6 billion from 2023, according to a new report from digital retail consultancy Momentum Commerce that tracks Amazon's U.S. retail sales as well as hundreds of Amazon product categories. According to the report, the following top-level, physical goods categoriesโ€ฆ

Future-Proofing Your Retail Experience: Wowing the Values-Driven Customer
February 14, 2024 at 12:00 pm

Amidst the rise of artificial intelligence and changing customer preferences, the retail industry is experiencing a significant transformation. This means it's more crucial than ever for your retail business to keep up and provide the best experience for your customers. Value-driven customers seek high-quality service and fair prices for the products they purchase. They oftenโ€ฆ

Report: Retail Sales Up 2.3% YoY in January
February 12, 2024 at 6:26 pm

Retail sales showed a strong beginning for the year in January, nearly matching Decemberโ€™s busy holiday spending and rising significantly year-over-year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). Total retail sales were up 2.34 percent unadjusted YoY in January, according to the Retail Monitor.โ€ฆ

What Retailers Can Learn From 2023 Holiday E-Commerce Data
February 12, 2024 at 12:40 pm

After several years of altered consumer behavior and often-conflicting news about the economy throughout 2023, retailers have sometimes found it challenging to understand whatโ€™s normal customer behavior now. Regardless of the trends and pre-holiday forecasts, assessing how your store actually performed is the key to preparing for a stronger holiday season performance in 2024 โ€”โ€ฆ

The New Face of E-Commerce Storefronts: Digital Human Avatars
February 8, 2024 at 1:28 pm

Regardless of how clever todayโ€™s e-commerce storefronts are, their digital interfaces lack one particular quality: the ability to mimic human expression โ€” and research indicates itโ€™s more than just a makeover. E-commerce and the โ€œdigital storefrontโ€ have existed for a little more than two decades. In that time, online shopping has come a long wayโ€ฆ

Are Consumers Shying Away From AI-Driven Purchases?
February 7, 2024 at 11:45 am

There's just one problem: consumers might not like artificial intelligence, at least not in an e-commerce context. Recently, we conducted a survey of 2,000 consumers, and its results on this front were unambiguous: 85 percent of shoppers reported that they were not interested in using AI to help make purchasing decisions, and 60 percent saidโ€ฆ

The Velocity Imperative: E-Commerce's Need for Speed
February 5, 2024 at 9:50 am

In the relentless world of e-commerce, speed stands as the linchpin to success. Modern times are defined by the โ€œneed-it-nowโ€ attitude, shorter attention spans, and a surge in TikTok and Instagram shopping experiences. As consumers demand faster interactions, the urgency for swift e-commerce transactions has never been clearer. A core challenge for e-commerce merchants isโ€ฆ