03
July

Klarna CEO on how AI will make online shopping more ’emotional’

By avi maxwel / in , , , , /

The Scenes

Swedish fintech firm Klarna has evolved from a buy now, pay later venture to an AI-powered payments and e-commerce company. Sebastian Siemiatkowski, co-founder and CEO, is leading the transformation, including talks on partnering with Perplexity, an online search engine enhanced by artificial intelligence. We talked to him about how the hot technology will shake up shopping in an edited conversation below.

The View From Sebastian Siemiatkowski

Q: Klarna has taken the AI ​​revolution seriously with a revamp to TikTok-style content that’s hyper-targeted based on user interests. But another vision of the AI-enabled future is almost the opposite, where people seem to ask large language models what they should buy. Instead of getting an influencer trying to sell them products, the AI ​​lays out the pros and cons of each option and just does the research. How to say Klarna fits in?

A: Both versions you describe are complementary to each other. Our recent Future of Retail report found that 26% of US Gen Zers and Millennials expect the shopping experience to be so customized that AI will eventually do the shopping for them. On the other hand, 85% of consumers still like it speaking with product experts when

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27
June

TikTok prepares ‘Project S’ plan to break into online shopping

By avi maxwel / in , , , , , , /

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TikTok is expanding its online retail offerings, with its Chinese parent company selling products through the viral video app as the group seeks to challenge rivals such as Shein and Amazon.

In recent weeks, UK users have begun to see a new shopping feature within the TikTok app called “Trendy Beat”, a section offering items that have proven popular on videos, such as tools to extract ear wax or brush off pet hair from clothing.

All the items advertised are shipped from China, sold by a company registered in Singapore that is owned by TikTok’s Beijing-based parent company ByteDance, according to filings and people familiar with the operations.

The model, similar to how Amazon makes and promotes its own range of best selling items, represents a vast shift from TikTok’s existing shopping marketplace. It currently allows other vendors to sell items through the TikTok Shop, which then takes a small commission.

By contrast, ByteDance would take all the proceeds from sales made through the Trendy Beat feature on TikTok, four people familiar with its operation said.

TikTok said

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23
June

7 Best Kids’ Clothing Stores Online 2023 to Outfit All Your Little Ones

By avi maxwel / in , , , , /

With a three-year-old who just finished his first year of pre-school, I’m starting to learn the peaks and valleys of summertime with kids. Peaks? Sprinkler play in Central Park, picnics, and exploring outdoors. Valleys? Noschool! Bugs, constant sunscreen application, and the battle over hats. But it’s also, in my humble opinion, the most fun time of year to shop for your little ones at one of what are, in my book, the best kids’ clothing stores online. Whether it’s an adorable Minnow paisley print swimsuit with grosgrain ribbon tie or more practical camp essentials like Primary’s rainbow of rash guards. Just in time for this most important stock-up time of year, beloved kids’ online retail utopia Maisonette is launching Maisonette Outletfor a steal on all their favorite brands–think of it as the Outnet to their Net-a-Porter. I’ve been searching for summer sandals for my 14-month-old, who just started walking (and found some great daisy print jellies at gaps) and some cute but tumble-ready shorts for my three-year-old (the Bingo shorts from Oso & Me have become a must-have in every colorway!). Herewith, a list of some of my best kids’ clothing stores online for summer and beyond.

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31
May

7 Quick Tips on How to Avoid Online Shopping Scams

By avi maxwel / in , , , , , /

The rise of e-commerce businesses has not only given people a new way to shop, but has also offered an excellent opportunity for frauds and scammers to fool unwary buyers into parting with their hard-earned money. According to a survey by TransUnion, 44% of Filipino consumers have been targeted by online scammers, which proves that online shopping scams are more common than you think. Today’s fraudulent merchants, which includes bad actors that ship to the Philippinesare employing increasingly sophisticated schemes that have made it more challenging for today’s modern shoppers to avoid getting scammed.

Online shopping scams can take many forms, from identity theft and fake websites to phishing emails and shopping account hacks. These scams lead to financial losses for consumers and pose a significant risk to their personal information and online security.

As such, it is crucial to be aware of scammers’ different tactics and take necessary precautions to avoid falling victims to fraud. Read on below to discover the best ways to avoid online shopping scams.

Shop Only from Reputable Websites

Always ensure that the website you are shopping from is reputable. Reputable websites feature secure payment systems and active customer support teams to assist you

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28
May

Online shopping: 8 tips to maximize your savings

By avi maxwel / in , , , , /

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When it comes to online shopping, savvy shoppers are always in search of new ways to maximize their savings, due to the continuing cost of living crisis and inflation at 10.1%. Fortunately, there are many less-known strategic methods for securing the best deals.

Together with Nick Drewe, retail expert at online discounts platform, Wethrift, we provide a list of tips for maximizing your savings when shopping onlineas well as analysis on which brands are offering the most discount codes to their mailing lists.

1. Leave items in your basket

Leaving items in your basket will often trigger an abandoned basket email after a certain period of time. This is done by retailers to encourage you to go through to the next step of the purchase journey, and more often than not, they will try to incentivize the purchase by offering a discounted price.

2. Use a price tracker to spot misleading ‘deals’

Savvy shoppers should be vigilant when it comes to deals and discounts, and not everything is always as it seems. Many brands and retailers will temporarily increase the price of their productsand then decrease them back to their original price, advertised as a price

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