"[As a start-up], it's tough to get funding from a bank," says Ricky Walton, president and founder of My Custom Sports Chair. "For us...we get volume discounts on inventory, so we're always looking to get cash up front. We ended up with Loop, and it's been fantastic. We got a solid line of credit...and it's organically helped us grow our online sales substantially. This year alone, we're up 389% on Shopify...it just goes to show how much Loop has helped us out this year."Read Story
Google released Rising Retail Categories which allows eCommerce business owners to track fast-rising retail categories on a monthly basis based on Google Search trends.
Shopify finally released Product Media,- a feature that allows the use of product videos and 3D interactive product models on your store's product pages.
Amazon rolls out its augmented reality shopping tool focusing on providing US consumers with a "taste test" for decorative and home decor products.
Facebook launches a new marketing channel for advertisers by allowing Facebook group admins to run branded posts through paid partnerships with relevant brands.