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FedEx Acquire Returns Specialist Genco

by Gráinne | Ecommerce News & Trends |

FedEx has further increased its foothold in the ecommerce sector with the acquisition of returns company Genco.  The merging of these two logistic giants is a massive step forward for FedEx and will enable the firm to provide both a delivery and returns service to its ecommerce customers. With 1.6billion in annual revenue, an employee count of over 11,000 and over 130 operations, Genco is a considered a market leader in reverse logistics - according to a statement by FedEx. Chairman and CEO … [Read more...]

Amazon Sellers Face Bankruptcy After Technical Glitch

by Gráinne | Ecommerce News & Trends |

Amazon

Amazon had its very own happy hour last Friday, when a technical glitch reduced thousands of product prices to just 1p. From 7-8pm, software firm Repricer Express went completely haywire – leaving many small businesses high and dry in the run up to Christmas. The software provider is used by third party sellers to ensure their prices are the cheapest in the market and claims to be 'trusted by more than 2,025 happy Amazon sellers across eight international markets'; however in this instance it’s … [Read more...]

eCargo Holdings Enters The Australian Stock Exchange

by Gráinne | Ecommerce News & Trends |

The widely used ecommerce service, eCargo Holdings, has become the latest addition to the Australian Stock Exchange, after hitting the boards at 11am this morning (AEDST). The firm now has around 88.4 million CHESS Depository Interests (CDI's) listed. eCargo is an ecommerce enabler which provides an integrated service covering logistics and operations, to Western companies who wish to trade in China. ECH identifies well known brands and merchants to partner with in each market in pursuit of … [Read more...]

BlueSnap Announce First Data Partnership

by Gráinne | Ecommerce News & Trends |

BlueSnap, the Massachussets based eCommerce merchant giant, today announced a new business deal with First Data. The partnership aims to give secure cross-border payment capabilities to BlueSnap’s eCommerce merchants. ‘BlueSnap has reinvented and optimized the checkout experience by combining intelligent payment routing, frictionless one click checkout, cross-border payments, award-winning Smart Subscriptions, multiple integration options and dynamic ecommerce tools into a single … [Read more...]

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