Tag

E Commerce

All articles tagged with #e commerce

Microsoft's Copilot Checkout Enhances Retail with AI, Raising Consumer Concerns

Originally Published 3 days ago — by Axios

Featured image for Microsoft's Copilot Checkout Enhances Retail with AI, Raising Consumer Concerns
Source: Axios

Microsoft is integrating checkout capabilities into its Copilot AI assistant, allowing users to complete purchases within chats and potentially reshaping e-commerce by giving Microsoft leverage over retailers' direct customer relationships. The feature is live in the U.S. with major payment and marketplace integrations, and Microsoft claims it shortens shopping journeys and increases purchase likelihood, positioning itself as a competitor to Amazon and Google in AI-driven commerce.

Holiday Retail Spending Rises Amid E-Commerce and AI Trends

Originally Published 19 days ago — by CNBC

Featured image for Holiday Retail Spending Rises Amid E-Commerce and AI Trends
Source: CNBC

U.S. holiday retail spending increased by 4.2% driven mainly by e-commerce and electronics, despite economic challenges and cautious consumer sentiment, with online sales up 7.8% and electronics leading growth. In-store shopping remains dominant, but AI is increasingly influencing shopping habits. Overall, real growth is estimated at around 2.2% after inflation adjustments, reflecting resilient consumer spending amid economic headwinds.

Utah man fined $7.9M for e-commerce scam

Originally Published 22 days ago — by KSL.com

Featured image for Utah man fined $7.9M for e-commerce scam
Source: KSL.com

A Utah man, Parker Wilde, was ordered to pay up to $7.9 million after scamming hundreds of people with a fraudulent Amazon store business scheme, promising passive income and refunds but instead misappropriating funds for personal use. The court also banned him from participating in similar schemes within Utah, marking a significant victory for consumer protection.

Cyber Monday set to break spending records amid economic uncertainty

Originally Published 1 month ago — by AP News

Featured image for Cyber Monday set to break spending records amid economic uncertainty
Source: AP News

Cyber Monday is expected to be the biggest online shopping day of the season in the US, with record-breaking sales estimated at $14.2 billion, driven by deep discounts on electronics, apparel, and toys, and a shift towards mobile shopping and buy now, pay later plans amid economic uncertainties.

PayPal Shares Rise on Strong Q3 Earnings and Strategic Partnerships

Originally Published 2 months ago — by Investor's Business Daily

Featured image for PayPal Shares Rise on Strong Q3 Earnings and Strategic Partnerships
Source: Investor's Business Daily

PayPal reported strong Q3 earnings with a 12% profit increase and a 7% revenue rise, driven by growth in Venmo and overall payment volume, and its stock surged nearly 16% amid news of a new e-commerce partnership with OpenAI, which could boost its growth prospects despite some ongoing market share concerns.

Walmart Partners with OpenAI to Enable Direct Shopping via ChatGPT

Originally Published 2 months ago — by Investor's Business Daily

Featured image for Walmart Partners with OpenAI to Enable Direct Shopping via ChatGPT
Source: Investor's Business Daily

Walmart's stock surged over 4% to a record high after announcing a partnership with OpenAI to enable ChatGPT users to buy products directly through the AI, signaling a shift towards AI-powered e-commerce shopping experiences. The move is part of Walmart's broader strategy to establish itself as a leader in AI-driven retail, with the new feature expected to launch later this fall.