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Discount Retailers Move Away From eCommerce Discount Retailers Move Away From eCommerce – If it weren’t for a certain pandemic that is dominating most news, the two biggest stories in retail over the past week would have been stunning at any other time. Both of them came from companies that rely on a decidedly old-school business model: brick and mortar. And both of them are turning away from online sales. That’s right – no eCommerce.…

3 Reasons Walmart+ May Not Rattle Amazon Prime After All 3 Reasons Walmart+ May Not Rattle Amazon Prime After All. Just a few days ago I laid out three ways the upcoming Walmart+ service from Walmart (NYSE:WMT) could successfully stunt the growth of Amazon’s (NASDAQ:AMZN) all-inclusive Prime platform. While Walmart+ is not equipped to dethrone Prime as a tool to keep consumers within a digital e-commerce ecosystem, consumers are willing to test drive new offerings.…

Amazon will continue to pay hourly employees at its Seattle and Bellevue offices while office staffers are asked to work from home due to coronavirus concerns Amazon will continue to pay hourly employees at its Seattle and Bellevue offices while office staffers are asked to work from home due to coronavirus concerns. Amazon will continue to pay hourly workers who support its Seattle and Bellevue offices while coronavirus-related remote work policies are in effect, a…

Ecommerce aggregator iPrice secures $10m in series B funding Ecommerce aggregator iPrice secures $10m in series B funding. Malaysia-based iPrice Group, which aggregates prices from ecommerce sites, has raised US$10 million in a series B funding round led by Daiwa Securities-linked fund management firm ACA Investments. Daiwa PI Partners, Line Ventures, and Mirae Asset-Naver Asia Growth Fund also participated in the round, according to a statement. With the new funds, iPrice said it seeks to…

Ecommerce market in China. In order to succeed in China’s ecommerce market, western businesses need to understand trust. Even hidden under a rock, marketers would have heard about the phenomenal success of Singles Day, which has completely eclipsed Black Friday and Cyber Monday. It’s certainly stirring debate, but we are still finding that western brands are attempting to play by western rules in the Chinese landscape. This is especially prevalent when it comes to ecommerce.…