retail - CybAI news

31 Oct

The EU Is Investigating Temu for Illegal Products and Addictive Design

stp2y0 CommentsRAG modelsCommerce, europe, regulation, retail, temu

The European Union has launched a formal investigation into Chinese shopping platform Temu, citing concerns that the platform is selling illegal products and has been designed in a way that is addictive for consumers.“There is a real suspicion that not enough is done—not in an effective way—to really prevent the dissemination of illegal products,” an EU Commission official told reporters on Thursday morning, declining to be named. Potentially illegal products included pharmaceuticals, toys and cosmetics, they said.Although Temu frequently removes illegal products, these products reappear again very quickly, another official said. “So we believe some of the controls in place…

09 Oct

Amazon Dreams of AI Agents That Do the Shopping for You

stp2y0 CommentsAIai lab, algorithms, amazon, artificial intelligence, ecommerce, retail, shopping

But Salakhutdinov says that having a wealth of information about how users go about common and important tasks like shopping might be a crucial ingredient for getting them to stay on track. “Data is going to be very important,” he says.Ship ItAmazon’s agents are, of course, likely to be more focused on helping customers find and buy whatever they need or want. A Rufus agent might notice when the next book in a series someone is reading becomes available and then automatically recommend it, add it to your cart, or even buy it for you, says Rajiv Mehta, a vice…

04 Oct

The Meteoric Rise of Temu and Pinduoduo—and What Might Finally Slow Them Down

stp2y0 CommentsRAG modelschina, ecommerce, retail, tech policy and law, temu

Tsai didn’t mention Pinduoduo by name, but from its beginnings, the shopping platform has never made the merchant its focus like Alibaba did: It has always prioritized getting the user the lowest price online.“In retail ecommerce, price wars are continuous and will never stop,” says Zhuang Shuai, retail analyst and founder of Bailian Consulting. “They’re effective in the short term but not a long-term effective way to compete.”Pinduoduo has even instated policies that favor customers to the detriment of merchants. Since 2021, Pinduoduo has allowed consumers to get refunds without returning the item, if what they got didn’t match the…

27 Sep

Shein Workers Have Had It—and They’re Going Public

stp2y0 CommentsRAG modelschina, Commerce, ecommerce, Logistics, retail

Under Chinese law, only 10 percent of a company’s staff is supposed to be made up of labor dispatch workers. But Zhang says the regulations are often not rigorously enforced. She noted that companies can also circumvent the limit by hiring workers categorized under different outsourcing schemes that function in largely the same way, a strategy that job advertisements indicate Shein is using.A spokesperson for Shein confirmed to WIRED that the company “works with third-party vendors to staff the vast majority of our warehouse operations,” but declined to specify what percentage of the workers are categorized as labor dispatch. “Shein’s…

29 Aug

GameStop pivots to retro gaming at select locations

stp2y0 CommentsNewsgamestop, gaming, nes, news, retail, retro gaming

GameStop is pivoting to retro games at select locations. As the industry moves to digital media — and the retailer struggles to adapt to the shifting landscape (including a short-lived stab at NFTs) — the company is betting on the old school. The GameStop Retro locations will stock physical consoles, discs and cartridges from classic Nintendo, PlayStation, Xbox and Sega platforms.The retailer announced the Retro GameStop locations in a post on X (Twitter). The company also has a website where you can search for retro-friendly locations within a 100-mile radius. (I found a grand total of one in my city.)GameStop lists…

15 Aug

Meta’s Threads Launches New Tools for Businesses and Creators

stp2y0 CommentsRAG modelsConsumer Staples, Elon Reeve Musk, europe, France, JULY SARL/CAEN, META PLATFORMS INC-CLASS A, retail, Social Network, Technology, TWITTER INC, United States

Meta Platforms Inc.’s Threads is rolling out new features it says will make the social network more useful for businesses and digital creators. Threads users can now view data that provide insights into post metrics and follower demographics, and can write multiple drafts of posts, Meta said in a blog post Thursday. Another feature enabling users to schedule multiple posts days in advance is coming soon. The updates are being added to Threads’ web platform first and will eventually roll out on the mobile app. Source link lol

15 Aug

CK Hutchison Profit Declines as Global Headwinds Persist

stp2y0 CommentsRAG modelsacquisitions, CK HUTCHISON HOLDINGS LTD, CK INFRASTRUCTURE HOLDINGS L, Consumer Spending, europe, Hong Kong, infrastructure, Middle East, retail, Technology, Victor Huike

CK Hutchison Holdings Ltd. has vowed to explore more deals with long-term value to navigate increasing geopolitical and financial market risks, as the Hong Kong conglomerate reported slumping profit for the first half of the year.The group, founded by billionaire Li Ka-shing, saw net income in the first half this year fall 9% to HK$10.2 billion ($1.3 billion), it said in a filing Thursday. Total revenue rose 4% to HK$232.6 billion during this period. Source link lol

14 Aug

Online Brokerage Popular With Young Koreans to Set Up Shop in US

stp2y0 CommentsRAG modelsAPEX FINTECH SOLUTIONS LLC, environment, fintech, new york, NVIDIA CORP, retail, South Korea, startups, stocks, Technology, VELOCITY CLEARING LLC

Toss Securities Co., one of South Korea’s leading platforms for trading US stocks, is setting up a New York subsidiary this year as more Korean retail investors pour money into US equities.The brokerage arm under Korean fintech leader Viva Republica Co. is seeking to outrun larger incumbents in US stock trades. Toss Securities was first in the country to adopt real-time fractional trading for US equities in 2022, and that practice, which allows investors to buy a sliver of a $116 Nvidia Corp. share, has won over young retail investors. Source link lol

13 Aug

Nvidia Rebound Adds $400 Billion in Market Value Over Four Days

stp2y0 CommentsRAG modelsAMAZON.COM INC, artificial intelligence, Earnings, Hedge Funds, JULY SARL/CAEN, Markets, MICROSOFT CORP, NVIDIA CORP, retail, S&P 500 INDEX, Technology, Valuation

It’s been a rough six weeks for Nvidia Corp. shareholders. A historic dip that erased record market value from the company was followed by a four-day stretch of stomach-churning volatility. Now, though, signs are emerging the worst might be over.The chipmaker’s shares have surged nearly 17% in the past four sessions, adding more than $400 billion in market value to one of the biggest companies in the world. The rebound has propelled the broader market higher as well, with Nvidia accounting for about 22% of the S&P 500’s gain over that span, double the contribution of any other single stock.…

10 Aug

Nike Suspends Online Sales In Turkey After Customs Tax Increase

stp2y0 CommentsRAG modelsCurrency, Employment, europe, NIKE INC -CL B, regulation, retail, shopping, Tax Rate, Taxes, Technology, turkey

Nike Inc. suspended online sales in Turkey via its website and mobile app, days after an increase in customs taxes levied by Turkey on online purchases from abroad. “We cannot guarantee our consumers that their orders will arrive smoothly and on time, so we are suspending online orders from Turkey for the time being,” the US sneaker giant said in a statement published on its official Turkish website. Source link lol