Shopify is preparing for AI shopping agents to change everything, exec says
Shopify is preparing for an ecommerce transformation via AI shopping agents, says president Harley Finklestein.
e-commerce
Quince hits $10B valuation with giant $500M round led by Iconiq
E-commerce company Quince has raised another massive round, less than a year after its previous raise.
Amazon expands a program that lets customers shop from other retailers’ sites
The changes allow more merchants to participate in Amazon’s Shop Direct program, which sends Amazon customers to other retailers’ websites.
Study shows Instacart may be charging some shoppers 20% more for the same product
The delivery app has claimed that price testing is part of a longstanding practice in retail sales.
ChatGPT referrals to retailers’ apps increased 28% year-over-year, says report
ChatGPT referrals to retailers’ apps were up on Black Friday year-over-year, with Walmart and Amazon benefitting the most.
Amazon’s AI chatbot Rufus drove sales on Black Friday
On Black Friday, Amazon sessions that resulted in a sale were up 100% in the U.S. when the AI chatbot Rufus was used. They only increased by 20% when Rufus wasn’t used.
Onton raises $7.5M to expand its AI-powered shopping site beyond furniture
Onton, which change its name from Deft, is giving users an infinite canvas with AI-powered image generation to nudge them towards making quicker purchase decisions
Amazon launches a low-price standalone shopping app, Amazon Bazaar, in over a dozen markets
On Friday, Amazon announced the debut of Amazon Bazaar, a new low-cost shopping destination for Asia, Africa, and Latin America that will be available separately from the main Amazon shopping app. On Bazaar, most products are available under $10, and some are as low as $2, the retailer says. The product selection, available now on Android and […]
Shopify says AI traffic is up 7x since January, AI-driven orders are up 11x
Shopify says AI-driven traffic to its online stores is up 7x since January, and orders from AI search are up 11x.
Amazon unveils AI smart glasses for its delivery drivers
Amazon likely hopes that the new glasses will shave valuable time off of each delivery by providing delivery drivers with detailed directions and information about hazards directly in their line of sight.