With more legacy software giants embracing cloud-based, composable commerce offerings, such as recent moves by SAP and Adobe, members of the MACH Alliance (microservices-based, API, cloud, headless) are seeking to differentiate themselves while also seeing it as validation of their model. The group says usage is growing faster in the U.S. than Europe, home to many early adopters.
For the second time in four-plus years, David’s Bridal has filed for Chapter 11 bankruptcy court protection, while planning to lay off more than 9,000 employees at stores and distribution centers nationwide and seeking a buyer for the distressed business. Stores will remain open, online and marketplace sales will continue, and loyalty points, gift cards, returns and exchanges will all be honored.
In a post-SaaS world, the only shot you have at a truly future-proofed ecommerce replatforming project is constantly maintaining the ability to test and deploy new storefront capabilities quickly and easily. This means a fundamental perspective shift is needed, emphasizing superior adaptability over that elusive, false feeling of completeness. Thus, the new digital transformation is digital optimization.
Wish, a once-popular online marketplace for a vast array of often bizarre, inexpensive goods that at one juncture proved to be phantom listings, has conducted a 1-for-30 reverse stock split, a move typically associated with distressed companies in danger of being delisted from an exchange. A 2022 expose found the company listed and sold items it knew didn’t exist.
Less than two months after selling off Moosejaw Mountaineering to a more appropriate home at Dick’s Sporting Goods, another of Walmart’s digital-first apparel brands is being sold. This time, menswear seller Bonobos is going to Express and WHP Global for $75 million, a $235 million discount to its $310 million acquisition in 2017.
Amazon CEO Andy Jassy kept a positive tone while running down ways that Amazon has had to scale back its business to accommodate shifting conditions in his second annual shareholder letter, including reducing and reconfiguring its fulfillment network and dealing with a slowdown in cloud computing. The company is also trying to figure out a physical grocery model that works, Jassy said.
Sustainability in ecommerce is becoming a big deal (photo credit: 3blmedia) Multichannel Merchant recently sat down with Earnest Sweat, venture partner at GreatPoint Ventures, an early-stage venture capital firm based … Continue Reading →
Multichannel Merchant has launched the first of its Sector Spotlights, which will feature weekly content focused on sustainability and recommerce, helping retail and ecommerce executives gain a better understanding of these important, related trends. Future Spotlights will focus on returns and demand forecasting. Check out our webinar with Brian Kilcourse of RSR Research on consumer attitudes in 2023.
Boxed, purveyor of bulk home products that likened itself to an online Costco, filed for Chapter 11 bankruptcy protection after failing to find a buyer and enduring sustained weak revenue and earnings, a far cry from the promise of its SPAC IPO in December 2021. An affiliate of its main creditor may purchase its software service.
While cryptocurrency can be volatile, for merchants who sell to the tech industry, especially if they deal in blockchain-related technology, and those who want to reach tech-savvy customers looking for the latest digital payment options, accepting cryptocurrency payments can be a great way to build a loyal customer base.