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E-commerce
Week Summary
Technology
  • Earth has captured a temporary 'second moon,' a small asteroid named 2024 PT5, which will orbit until November 2024.
  • Research indicates that larger AI chatbots are increasingly prone to generating incorrect answers, raising concerns about their reliability.
  • Meta's Chief Technical Officer discussed advancements in AR and VR technologies, particularly focusing on the Orion AR glasses.
  • The author reflects on their experience with Rust, proposing several changes to improve the language's usability and safety features.
  • The Tor Project and Tails OS have merged to enhance their efforts in promoting online anonymity and privacy.
  • OpenAI is undergoing leadership changes, with key executives departing amid discussions about restructuring and the company's future direction.
  • Git-absorb
  • The concept of critical mass explains how significant changes occur when a threshold of acceptance is reached, impacting technology and society.
  • WordPress.org has banned WP Engine from accessing its resources due to ongoing legal disputes, raising concerns about security for WP Engine customers.
  • PostgreSQL 17
  • Hotwire Native is a web-first framework that simplifies mobile app development, allowing developers to reuse HTML and CSS across platforms.
  • Radian Aerospace is progressing on a reusable space plane, completing ground tests and aiming for full-scale flights by 2028.
  • A groundbreaking diabetes treatment using reprogrammed stem cells has enabled a patient to produce insulin independently for over a year.
  • Apple is developing a new home accessory that combines features of the iPad, Apple TV, and HomePod, expected to launch in 2025.
  • SpaceX's Starlink service is set to surpass 4 million subscribers, reflecting rapid growth and significant revenue projections.
  • TinyJS is a lightweight JavaScript library that simplifies dynamic HTML element creation and DOM manipulation for developers.
  • Amazon introduces an AI feature for sellers to automatically generate product pages.

    Mary Beth Westmoreland, Amazon's VP of Worldwide Selling Partner Experience, announced a new feature that creates an Amazon product page based on the seller's brand website using Amazon's generative AI. Sellers only need to provide the product link and the information is automatically parsed into a new page.

    Hi Impact
    AmazonMary Beth WestmorelandE-commerce
    Friday, March 15, 2024
  • Survey finds that clunky chatbots can drive away e-commerce customers despite potential benefits.

    While AI-powered chatbots can improve e-commerce experiences, their use also risks driving away customers. 1 in 5 shoppers are likely to abandon purchases after interacting with them due to clunky user experiences. On the other hand, consumers who engage with chatbots don’t mind seeking AI assistance for automated pricing, real-time promotions, and product discovery. The key to the successful integration of AI lies in hyper-personalized recommendations and creating a frictionless shopping experience.

    Hi Impact
    E-commerce
    Wednesday, March 6, 2024
  • Effective cart abandonment popups showcased in new article.

    Cart recovery popups are effective for capturing potential customers leaving your site without finishing a purchase. This article contains 7 popup examples from TOMS, Prada, and Sundays for Dogs.

    Hi Impact
    TOMS
    Prada
    Sundays for Dogs
    E-commerce
  • HAPPYBOND's D2C pivot leads to significant growth despite initial challenges.

    HAPPYBOND decided to launch its shelf-stable dog food via pet retail rather than direct-to-consumer. Its founder hypothesized this would suit the delicate packaging and allow customers to experience the product first-hand. This plan ultimately failed due to slow sales, small margins, and lack of control over customer education. The brand pivoted to a D2C subscription model, which had its own complexities but ultimately resulted in 267% month-over-month growth.

    Hi Impact
    HAPPYBONDE-commerce
  • Ferplast's new navigation menu leads to a 32% increase in sales by improving user experience.

    Ferplast, an online pet supply store, found through research and analysis that visitors were failing to find what they wanted and almost 90% of them never reached a product page. The brand tested a full-width navigation menu against the control hamburger menu, resulting in a 32% increase in sales. This worked because the new navigation gave users a clear forward path and exposed the breadth and depth of the brand’s product range.

    Hi Impact
    FerplastE-commerce
  • Salud boosts sales with personalized quizzes.

    Salud, a vitamin drink brand, leverages quizzes to capture valuable zero-party data and personalize its product recommendations and marketing efforts. The quizzes are designed to be concise and visually appealing to maintain a high completion rate. The quiz results page shows optimized product recommendations and also kicks off personalized post-quiz email flows. The first-party data from these quizzes enables the brand to produce highly targeted marketing campaigns, personalized product recommendations, and tailored content.

    Hi Impact
    SaludVitamin DrinkE-commerce
  • 71% of customers confident in using generative AI for virtual try-ons and customized shopping experiences.

    71% of customers are confident in using AI to virtually try on products before buying. This indicates the potential for AI to streamline decision-making processes in online retail. The top generative AI use cases consumers look forward to are automating product filters based on customer needs, creating customized items, and summarizing product reviews.

    Hi Impact
    Generative AI
    E-commerce
  • BNPL competition benefits merchants with more conversion opportunities.

    Fierce buy-now pay-later competition among payment card brands and independent providers is expanding conversion opportunities for merchants. Iconic credit card brands share a crowded stage with cryptocurrencies, digital wallets, and alternative payment schemes, each with their own value proposition and target demographic. Companies like Affirm and Klarna pose a significant threat to incumbent financial institutions by offering an alternative to bank or credit union cards.

    Md Impact
    E-commerce
  • Amazon launches an interactive, shoppable ad-supported channel on Prime Video and Freevee in the US.

    Customers in the United States can now shop alongside their favorite creators, brands, and celebrities on Amazon Live's new interactive, shoppable, and free ad-supported (FAST) channel on Prime Video and Freevee. While watching the new channel, customers can open the Amazon Shopping app on their phone, type “shop the show” into the search bar, and they'll be directed to a carousel highlighting featured products they see on TV in real time.

    Hi Impact
    AmazonAmazon LiveUnited StatesE-commerce
  • Google introduces Performance Max for Marketplaces, enabling sellers to drive traffic to their listings on platforms like Amazon without a website.

    Google's new Performance Max for Marketplaces allows sellers to create Google ad campaigns that send traffic to their product listings on third-party e-commerce platforms without needing a website or Merchant Center account. After connecting their Google Ads account to a supported marketplace, like Amazon, brands can use existing marketplace product data (i.e. images and pricing) in ads and will get detailed reporting on campaign performance within Google Ads.

    Hi Impact
    GooglePerformance Max for MarketplacesUnited StatesE-commerce
  • Google introduces conversion annotations in Shopping Ads to highlight product popularity.

    Google is encouraging merchants to enable “conversion annotations” – social proof badges that highlight a product's purchase popularity when displayed in Google Shopping ads. Conversion annotations like “best selling” or “1K shopped here recently” provide visual cues about a product's sales performance directly in the ad unit.

    Hi Impact
    Google Shopping Ads
    E-commerce
  • U.S. e-commerce spending hits $331.6 billion, with consumers opting for cheaper goods and mobile shopping dominating.

    Adobe Analytics data reveals that U.S. e-commerce spending reached $331.6 billion in the first 4 months of 2024, up 7% YoY. Consumers are increasingly opting for cheaper goods across various categories, influenced by persistent inflation. Buy Now Pay Later services are expected to drive up to $84.8 billion this year. Mobile shopping continues to dominate, with mobile revenue expected to surpass desktop during the upcoming holiday season. Paid search remains the biggest driver of sales for retailers.

    Hi Impact
    United States
    E-commerce
  • Exploring 9 innovative popup use cases for e-commerce sites beyond email capture.

    Popups are not only for capturing email addresses – they are also a great way to increase on-site e-commerce conversions. They build social proof, drive traffic to your newest products, tease upcoming sales, and more. This article walks through 9 popup use cases that don't include asking for an email address.

    Md Impact
    E-commerce
    Marketing
  • Walmart launches Walmart Realm for gamified, immersive shopping experiences.

    Walmart has launched Walmart Realm, a new virtual home for gamified, immersive shops created in partnership with influencers. Three initial virtual shops highlight products selected by popular creator partners: So Jelly, an underwater playground; Y'allternative, a gothic Western destination; and Go Chromatic, a futuristic metallic world. Walmart Realm also includes creators' social content and three mini-games inspired by the featured products. Walmart plans to expand the platform to include additional digital storefronts and partnerships with creators beginning in July.

    Hi Impact
    WalmartWalmart RealmE-commerce
  • Study on generational e-commerce payment preferences highlights the need for diverse, secure options.

    Businesses must offer diverse payment options to cater to different generational needs to stay competitive. Baby Boomers prioritize security, but are wary of new technologies. Gen X values secure, proven payment methods. Millennials and Gen Z favor convenience and are open to new technologies if secure. Financial health influences payment preferences. Boomers prefer simplicity, millennials seek tools for debt management, and Gen Z prioritizes avoiding extra fees.

    Md Impact
    E-commerce
  • Google introduces new shopping tools to support consumers and retailers during the summer sales season, potentially altering advertising strategies.

    Google is enhancing its shopping features with a new deals destination and membership price display to aid consumers during the summer sales season. These updates are expected to intensify competition among retailers and could significantly impact advertising strategies. Retailers may need to emphasize promotions and special offers to take advantage of Google's centralized shopping experience.

    Hi Impact
    GoogleE-commerce
  • Amazon to launch a discount store to compete with Temu and Shein.

    Amazon is planning to launch a new section on its site dedicated to low-priced fashion and lifestyle items. The new storefront will allow Chinese sellers to ship directly to US consumers, with items arriving within nine to 11 days. It is an aggressive attempt to fend off competition from Temu and Shein, who have expanded their presence in the US in recent years. Amazon will start accepting products for the storefront this fall. The company has yet to announce when it intends to debut the storefront.

    Hi Impact
    AmazonUSE-commerce
  • Amazon Prime Day sales hit a record $14.2 billion, driven by conscious consumer shopping.

    Online spending during this year's 48-hour Amazon Prime Day event was up 11% year-over-year, with customers spending $14.2 billion. The strong showing was driven by back-to-school shopping and an apparent product refresh cycle. Consumer behaviors during the sale indicate a shift to more conscious shopping and a preference for saving over splurging.

    Hi Impact
    AmazonE-commerce
  • Strategies for recovering abandoned shopping carts to boost sales.

    88% of carts are abandoned before purchase. To address this, offer limited-time discounts and send triggered text messages to remind customers of their incomplete purchases. Use progress bars on checkout pages to guide users and reduce drop-offs. Automated email reminders and transparent cost disclosures help recover lost sales. Building trust through social proof and offering a money-back guarantee also encourage purchase completion.

    Hi Impact
    E-commerce
  • Improving checkout processes can significantly reduce cart abandonment rates.

    Unexpected fees, sign-in requirements, and payment issues contribute to 70% of shoppers abandoning their carts. Brands can address these issues by providing upfront shipping fees, providing guest check-in options, and offering multiple payment methods. Enhancing checkout involves recognizing customers early, personalizing the shopping experience, and simplifying the buying process with features like one-click checkout.

    Hi Impact
    E-commerce
  • 55% of Gen Z shoppers have made purchases through social media, highlighting the importance of online and virtual shopping tools.

    55% of Gen Z shoppers have made online purchases while browsing social media in the past 6 months, compared to 38% of shoppers overall. 44% of Gen Z start their shopping with online searches, while 42% begin in stores, and 40% use mobile apps or websites. About half of the respondents of the survey expressed a willingness to buy more clothes if virtual try-on tools were available.

    Hi Impact
    General
    E-commerce
    Social Media
  • Amazon Prime Day outperforms other summer sales events in customer loyalty and sales.

    Amazon Prime Day has proven to be the most effective summer sales event, with 84% of shoppers only purchasing from Amazon during this period. About 19% of Amazon shoppers made purchases during Prime Day, compared to 12% at Target, 5% at TikTok Shop, and only 2% each for Walmart online and Wayfair. Amazon's sales surged by 46% during the week of Prime Day compared to the previous 4 weeks. It outpaced other events like Wayfair's Black Friday in July, which rose by 42%.

    Hi Impact
    AmazonAmazon Prime DayE-commerce
  • Mobbin increases subscriptions by 18% by directing high-intent users to a simplified pricing page.

    Mobbin, a mobile and web design reference library, found that adding elements like feature tables and FAQs on the pricing page dramatically increased engagement and conversion rates for free plans, but in some scenarios reduced paid plan sales. Its team believed that this extra content was a distraction for the segment of users who had already decided to buy. Mobbin ran a test that routed higher-intent users (those who clicked on a ‘Get Pro' link) to a slimmed down version of the plan pricing, without the free option. This resulted in an 18% increase in transactions.

    Hi Impact
    MobbinE-commerce
  • A secret discount page can capture customer searches for coupons, improving conversion rates and satisfaction.

    Customers often search for “[Company] coupon code” only to find expired or fake discounts. Creating a secret discount page on your website can capture these searches, rank highly on Google, and provide customers with a genuine deal. This tactic has proven to increase conversion rates and customer satisfaction.

    Hi Impact
    E-commerce
  • YouTube expands Shopify partnership to compete with TikTok Shop in e-commerce.

    YouTube has enhanced its partnership with Shopify in response to TikTok's rapid growth in U.S. e-commerce, enabling creators to access a much wider range of brands through its Shopping affiliate program. This expansion is part of YouTube's broader strategy to increase revenue from e-commerce as digital advertising slows, with new tools like a Chrome extension making it easier for creators to incorporate products into their content. By boosting the number of brands available and streamlining the shopping experience, YouTube aims to solidify its position against competitors like TikTok Shop.

    Hi Impact
    YouTubeE-commerce
  • Ikea launches Ikea Preowned, a platform for selling secondhand furniture, challenging Craigslist.

    Ikea's new platform, Ikea Preowned, allows customers to sell secondhand furniture directly to each other.

    Md Impact
    IkeaIkea PreownedE-commerce
  • Google introduces new tools in Merchant Center for retailers to access shopping trends.

    Google's new tools in Google Merchant Center include product trend insights that highlight popular search and purchase trends. Enhanced AI features now offer summaries of product performance, and conversational queries allow for easier access to tailored data reports. Additionally, Google has improved product availability notes with an automated onboarding process and introduced new customer acquisition goals in Performance Max and Search campaigns.

    Hi Impact
    GoogleGoogle Merchant CenterE-commerce
  • Google's AI shopping tool now allows virtual try-on for dresses, increasing engagement by 60%.

    Google's virtual try-on tool now includes dresses, allowing shoppers to see how they'll look on various models. Using generative AI, the tool displays detailed images, showing features like shadows and draping. This has increased engagement by 60%, with users trying clothes on multiple models per product. The tool is available for dresses from brands like SIMKHAI and Boden. It provides a more accurate view of both the dress and the person wearing it.

    Hi Impact
    GoogleAI Shopping ToolE-commerce
  • A significant portion of holiday shoppers plan to reduce spending due to high interest rates.

    33% of holiday shoppers plan to spend less this year due to high interest rates. Older generations, particularly Gen X, are more stressed about holiday budgets compared to younger groups. Nearly half of shoppers intend to start their holiday shopping by Halloween, with e-commerce expected to be a major channel. 42% plan to shop online and a significant portion of Gen Z shoppers will use social media platforms for their purchases.

    Hi Impact
    United StatesE-commerce
Month Summary
Technology
  • OpenAI is considering a new subscription model for its upcoming AI product, Strawberry, while also restructuring for better financial backing.
  • Telegram founder
  • The startup landscape is shifting towards more tech-intensive ventures, with a focus on specialized research and higher capital requirements.
  • Boom Supersonic's XB-1 demonstrator aircraft successfully completed its second flight, testing new systems for future supersonic travel.
  • announced the uncrewed return of Boeing's Starliner, with future crewed missions planned for 2025.
  • OpenAI's SearchGPT aims to compete with Google Search by providing AI-driven information retrieval, though it currently faces accuracy issues.
  • Tesla is preparing to unveil its autonomous robotaxi technology at an event in Los Angeles, indicating ongoing challenges in achieving full autonomy.
  • The US Department of Justice is investigating Nvidia for potential antitrust violations related to its AI chip market dominance.
  • Apple plans to use OLED screens in all iPhone 16 models, moving away from Japanese suppliers and introducing new AI features.
  • Amazon S3 has introduced conditional writes to prevent overwriting existing objects, simplifying data updates for developers.
  • Chinese scientists have developed a hydrogel that shows promise in treating osteoarthritis by restoring cartilage lubrication.
  • Nvidia's CEO is working to position the Nvidia as a comprehensive provider for data center needs, amidst growing competition from AMD and Intel.
  • OpenAI
  • Nvidia Blackwell
  • Amazon is set to release a revamped Alexa voice assistant in October, powered by AI models from Anthropic's Claude, and will be offered as a paid subscription service.