Category: News

  • Upcoming Hike in Credit Card Fees by Visa and Mastercard

    Visa and Mastercard are set to raise the interchange fees on credit card transactions. As reported by the Wall Street Journal, these hikes, particularly affecting online purchases, are scheduled to commence in October and April.

  • Draught Limitations in Panama Canal Trigger Shipping Surcharges

    Persistent drought conditions in the Panama Canal have led to severe drought restrictions, causing shipping delays and additional transit surcharges. The Evergreen ship had to offload 1,400 containers to navigate the canal. These challenges may force US importers and sellers to reevaluate their shipping strategies.

  • Overstock Officially Rebrands as Bed Bath & Beyond

    In a significant move, online-only retailer Overstock has officially rebranded as Bed Bath & Beyond, following its recent purchase of Bed Bath & Beyond’s intellectual property. This merger marks a transformational moment, consolidating both companies into a single online shopping destination under the renowned Bed Bath & Beyond name. While Overstock’s acquisition did not include…

  • Bracing for Early August 2023: Potential UPS Strike Threatens Nationwide Disruptions

    Contract negotiations between UPS and the Teamsters union have recently stalled, raising the possibility of a UPS strike in early August. If such a strike takes place, it will disrupt package deliveries nationwide.

  • TikTok’s New Online U.S. Store

    TikTok is expanding its reach beyond viral content into e-commerce, planning to launch its own online retail store in the U.S. as soon as next month. This new venture will differ from the existing TikTok Shop feature, with the company handling everything from purchasing inventory to logistics and customer service, mainly for items sourced from…

  • FTC Proposes Crackdown on Fake Online Reviews

    The FTC has proposed new rules to tackle fake online reviews, which make up an estimated 30 to 40 percent of reviews. The rules, currently in the proposal stage and not yet law, aim to impose fines of up to $50,000 for each fake review, per consumer exposure. The regulations target fabricated experiences, non-existent reviewers,…

  • Overstock.com Acquires Bed Bath & Beyond Intellectual Property

    Overstock.com, an online shop for furniture and home stuff, has bought parts of Bed Bath & Beyond online. They spent $21.5 million on this. Now, Overstock owns the Bed Bath & Beyond brand, their online customer list, and more.

  • Closing the Loophole: U.S. Targets Tariff Exemptions Exploited by Chinese E-Commerce Giants

    In a critical step towards fair trade, U.S. lawmakers are set to introduce a bill called “The Import Security and Fairness Act.” This proposed legislation aims to dismantle the minimis rule, a tariff exemption that has been regularly leveraged by Chinese e-commerce giants like Shein, Temu, and AliExpress to circumvent import taxes on goods shipped…

  • The Bubble Wrap Deception: Are You Getting What You Paid For?

    What if I told you that the 700 feet of bubble wrap you ordered was actually just 400 feet? Shocking, isn’t it? In the bustling world of e-commerce, bubble wrap is a crucial component, safeguarding our goods during transit. But are we really getting what we order? FJ Treasures, a popular YouTube channel, decided to…

  • Adobe’s Generative Fill: A Highly Effective Image Editing Tool for Sellers

    Adobe Photoshop’s new tool, Generative Fill, is shaking things up. It’s an AI-powered tool that lets you tweak your product images in a flash. I’ve been trying it out, and it’s impressive! It’s as simple as typing what you want to change, and the AI does the rest. And it’s all powered by Adobe’s AI…