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Tesla Plans Move To eCommerce Sales Model

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In an effort to transition to an eCommerce sales platform, Tesla announced its move to an online-only sales model. According to CNET, however, it wasn’t known the number of the company ’s brick-and-mortar locations would stay open. Tesla, in fact, forecasts that the move could let the company lower vehicle prices by about 6 percent.

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OAK + FORT: Flexible-Payment Plans Boost Luxury Purchases

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Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. This trend is especially important for retailers in these industries to consider as the pandemic nudges more consumers toward eCommerce rather than brick-and-mortar shopping. Around The Buy Now, Pay Later World.

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Reliance Tests eCommerce Portal In India

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Ambani, Asia’s richest man, is now a bit closer to his goal of establishing an eCommerce platform to rival Amazon or Walmart’s FlipKart in India’s ripe market for that field. KPMG said India’s appetite for eCommerce is set to grow by $200 billion from now until 2027. Vikraman P.N.,

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IKEA Cancels Planned Stores Amid Focus On eCommerce

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growth, IKEA is reining in its brick-and-mortar expansion efforts: The furniture retailer cancelled planned stores in North Carolina, Tennessee and Arizona. Instead, IKEA is focusing its efforts on eCommerce sales, USA Today reported. Following years of U.S. Amazon has two new furniture brands with which the company must contend.

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Verishop Introduces Social eCommerce App

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introduced a new social eCommerce app. His company, however, flipped the strategy on its head as it made an eCommerce website initially with complimentary returns as well as two-day shipping. It sounds like a boring eCommerce company,’” he said, according to Bloomberg. The news comes as Instagram plans its own shopping features.

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US eCommerce Up 49 Pct; Curbside Pickup Soars 208 Pct Since April 1

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The number of orders placed online and picked up at stores surged 208 percent between April 1 and April 20 compared to a year ago, according to Adobe Analytics, CNBC reported. In addition, the survey found eCommerce in the U.S. The first phase plans for eCommerce to rise with curbside pickup and home delivery.

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Consumers’ Sentiment Slumps, eCommerce Fills Only Part Of ‘Retail Gap’

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Call it the retail gap that eCommerce can only partly fill. Earlier this month, a record number of Americans — 3.3 But at least one thing is for certain: eCommerce now is becoming not just a preferred way to shop — it’s the only way many can shop. million — filed for unemployment benefits. percent and 16.7