The retail division of CVS Health® today unveiled Well Market™, a new store brand featuring an extensive line of snacks, beverages, and groceries. Our mission at CVS Health is to be the most consumer-centric healthcare solutions company. By expanding and…
Gear Up for Summer Savings at Target! As the sunny season approaches (hooray!), Target is your go-to destination to stretch your dollar on all the essentials for summer fun. We’re slashing prices on approximately 5,000 of your go-to food, beverage,…
That magical moment when you find the perfect ensemble for a summer barbecue, spot the limited-edition Stanley cup in your favorite color, or discover your cherished Starbucks treat awaiting you alongside your grocery order—these are the little moments that collectively…
Record US E-commerce Sales in Q1 2024In the first quarter of 2024, e-commerce sales in the US soared to unprecedented levels, constituting 22.2% of total sales. The robust performance saw e-commerce sales reach nearly $270 billion, marking an 8.5% surge…
Amazon Boldly Steps into Traditional Media at UpfrontsIn a significant move, Amazon has entered the realm of traditional media by participating in this year’s Upfronts, a long-standing event usually dominated by media giants like Disney and NBCUniversal. The introduction of…
US-based e-commerce giant Amazon has unveiled its expansion into South Africa with the launch of a dedicated online shopping platform, Amazon.co.za. The newly introduced site grants South African consumers access to a diverse array of products spanning 20 categories, featuring…
ByteDance’s Acquisition of Oladance ByteDance recently finalized the acquisition of Oladance, a prominent OWS (Open Wearable Stereo) brand operating under Shenzhen Dasem Future Technology. Valued between 300 to 500 million yuan, this strategic move complements ByteDance’s ambitious venture into AI-integrated…
Temu Extends Search Censorship to American Users Forbes reported that Temu, the rapidly expanding Chinese retail platform, has extended its censorship practices from the Chinese market to the United States. The platform now restricts searches for politically sensitive topics in…
Amazon’s Own Brand Sales Face DeclineIn Q1 2024, MomentumCommerce data reveals that Amazon’s self-branded product sales reached over $1 billion, matching major brands like Samsung on the platform. However, their share in U.S. retail revenue slightly dipped from 1.0% to…
In just six months since its inception in April 2024, TikTok Shop has emerged as a pivotal marketplace for retailers, demanding their attention. With a robust user base and innovative shopping features like live events, ads, and affiliate content by…
BigCommerce Explores Sale Options Amid Market Challenges BigCommerce, a Software-as-a-Service (SaaS) e-commerce platform comparable to Shopify, is contemplating a sale following a substantial decline in its market valuation. Since its debut on the NASDAQ in August 2020, the company has…
TikTok’s Legal Battle in the US IntensifiesAmidst the looming threat of a nationwide ban on TikTok, ByteDance’s alternative lifestyle app, Lemon8, has been making waves in the US. Dubbed as a fusion of Pinterest and Instagram, Lemon8 has surpassed notable…