Retailers are grappling with increasing difficulties and costs associated with returns, a trend exacerbated by the growing volume of e-commerce transactions. According to the National Retail Federation (NRF), total returns in retail amounted to $743 billion in 2023, translating to $145 million in
In a significant move within the retail industry, Galaxy Universal announced the acquisition of Reebok's U.S. operations, as revealed by Ivy Solari, vice president of digital commerce at Reebok, during the National Retail Federation’s Big Show conference last month. This acquisition marks the b
Amazon's decision to phase out its Prime Try Before You Buy service by January 31, 2025, represents a significant shift in the company's approach to the apparel market. Launched initially as Amazon Prime Wardrobe in 2017, the program allowed Prime members to try selected clothing, shoes,
MercadoLibre, Inc. (NASDAQ: MELI) has emerged as a dominant force in both the e-commerce and fintech sectors across Latin America, drawing inevitable comparisons to Amazon due to its expansive reach and comprehensive platform. However, MercadoLibre's services are uniquely tailored to address
The recent collaboration between Poshmark, an online fashion resale marketplace, and Loop, a commerce platform focused on returns, is set to redefine the landscape of eCommerce returns and resale. Both companies have come together to address a common issue that plagues the industry: the challenge
In the rapidly evolving retail landscape, digital marketplaces have emerged as a dominant force, reshaping how brands operate and engage with consumers. Among these, hybrid marketplaces, which blend direct sales with third-party seller transactions, are gaining significant traction. This model
