eCommerce Today — August 8, 2017: Top things you should know about

Sabir Semerkant
Aug 8, 2017 · 3 min read

By Sabir Semerkant

Top eCommerce things you should know today — August 8, 2017.

  1. Iflix Video-Streaming Service Secures $133 Million in Funding. Iflix, a Malaysian video-streaming service that operates mostly in emerging markets, said on Monday that it had received $133 million in a round of funding from a group led by the American media and information company Hearst Corporation. [NY Times]
  2. Buy online, pick up in store drives web growth at Tractor Supply Co. Rural products merchant Tractor Supply Co. reported net sales of $2.017 billion in Q2 2017, up 8.9% from $1.852 billion last year. While most of the business takes place at physical locations — the company operates more than 1,700 stores in the United States — e-commerce is up by double-digits and is on track to account for 1–2% of total revenue, a spokeswoman for the company says. [Digital Commerce 360, B2B eCommerce World]
  3. Boxed helps shoppers get smart about stocking up on essentials. Online retailer Boxed Wholesale aims to help consumers avoid such conundrums with a new feature called Smart StockUp. Smart StockUp predicts when shoppers will most likely run low on particular household products and makes it simple for them to reorder by sending them a reminder about the items they are likely running low on. 25% of Boxed consumers tried the new feature during its pilot test, Boxed says. The feature was released to all Boxed customers yesterday. [Digital Commerce 360, Internet Retailer]
  4. Worldpay gets second deadline extension for Vantiv deal. British payments firm Worldpay said on Tuesday the deadline for its long-awaited deal with U.S. suitor Vantiv has been pushed back four days because the two companies need more time to reach a final agreement. [Reuters]
  5. Amazon Needs to Watch What It Eats. By any measure, things are going pretty well for Jeff Bezos. On Thursday, the Amazon.com chief executive briefly surpassed Microsoft co-founder Bill Gates to become the richest person on Earth. Bezos — who is worth almost $90 billion thanks to a 17 percent stake in the mega-retailer — has so much money that he’s taken to asking random people on Twitter for suggestions on how to spend it. And in his spare time, the 53-year-old got swole. [Bloomberg]

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About the Author

Sabir Semerkant is a data-obsessed, Transformative and entrepreneurial Senior Marketing Executive in E-commerce and Digital Marketing offers progressive global experience at growth oriented companies in the consumer goods and e-commerce sector. He is currently the SVP of eCommerce at VaynerMedia working alongside Gary Vaynerchuk and team. He can be found via LinkedIn, Twitter and Instagram. His articles are posted on Medium.

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Chief Strategy Officer @NaturesPlus | @Vaynermedia Alum @GaryVee | #eCommerce | #Investing | #Startup | #Entrepreneur | #coop52 | LinkedIn http://bit.ly/2usHDHg

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