E-commerce

Automotive Accessories Manufacturer Selects Bridgeline for AI-Powered Search

Retrieved on: 
Friday, March 22, 2024
E-commerce, Partnership, Habit, Marketing, Catalog, Digital, Online shopping

The manufacturer has selected HawkSearch to boost revenue by improving product discovery within its catalog of over 7,000 SKUs.

Key Points: 
  • The manufacturer has selected HawkSearch to boost revenue by improving product discovery within its catalog of over 7,000 SKUs.
  • HawkSearch will make the online catalog easier to navigate by introducing features such as autocomplete, dropdown selections, and faceted search capabilities.
  • Ari Kahn, CEO of Bridgeline Digital, said, "Our partnership with this automotive accessories manufacturer demonstrates our ongoing commitment to the growing list of brands in the industry with eCommerce sites.
  • HawkSearch's advanced search functionalities are crucial for meeting the complex demands of manufacturing customers, ensuring an efficient and successful online shopping experience."

Innovative Food Holdings, Inc. Reports Financial Results for Fourth Quarter and Fiscal Year 2023

Retrieved on: 
Thursday, March 21, 2024
E-commerce, Working capital, USDA, GAAP, Rationalization, OTCQB, Marketing, Advertising, Food industry, Pharmaceutical industry

BONITA SPRINGS, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, today reported its financial results for the fourth quarter and fiscal year of 2023.

Key Points: 
  • Bill Bennett, Chief Executive Officer of IVFH, remarked, “2023 marked an incredible turnaround for Innovative Food Holdings.
  • Excluding the effect of restructuring, severance, and one-time related outflows and expenses during the year, the company has become cash flow positive.
  • Revenues in fiscal year 2023 decreased 8.5% to $72.2 million, impacted by a 6.5% decrease in specialty foodservice revenue.
  • The following table sets forth IVFH’s revenue by business category for the year ended December 31, 2023, and December 31, 2022 (unaudited):

Destination XL Group, Inc. Reports Fiscal 2023 Fourth Quarter and  Full-Year Financial Results

Retrieved on: 
Thursday, March 21, 2024
E-commerce, Untuckit, Destination XL Group, Comparable, Tax, Growth, Male, Capital expenditure, History, NOL, Shoe, Investment, Interest, Depreciation, Income tax, DXL, Marketing, Corporation, Security (finance)

Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.

Key Points: 
  • Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.
  • For the 14-week fourth quarter of fiscal 2023, total sales were $137.1 million as compared to $143.9 million for the 13-week fourth quarter of fiscal 2022.
  • SG&A expenses for the fourth quarter of fiscal 2023 were 38.5% of sales, compared with 37.8% in the fourth quarter of fiscal 2022.
  • Interest income for the fourth quarter of fiscal 2023 was $0.7 million, as compared to interest income of $0.1 million for the fourth quarter of fiscal 2022.

Golden Matrix Stockholders Approve Acquisition of MeridianBet Group

Retrieved on: 
Wednesday, March 20, 2024
E-commerce, Proxy, Special, Acquisition, Security (finance)

LAS VEGAS, NV, March 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(“GMGI”, “Golden Matrix” or the “Company”), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today announced that its stockholders have voted to approve the terms of, and the issuance of shares of common stock in connection with, that certain previously announced Amended and Restated Sale and Purchase Agreement of Share Capital dated June 27, 2023 (as amended and restated from time to time, the “Purchase Agreement”) by and between the Company, as purchaser and Aleksandar Milovanović, Zoran Milošević and Snežana Božović, owners of MeridianBet Group, pursuant to which the Company seeks to acquire MeridianBet Group, at a special meeting.

Key Points: 
  • LAS VEGAS, NV, March 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(“GMGI”, “Golden Matrix” or the “Company”), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today announced that its stockholders have voted to approve the terms of, and the issuance of shares of common stock in connection with, that certain previously announced Amended and Restated Sale and Purchase Agreement of Share Capital dated June 27, 2023 (as amended and restated from time to time, the “Purchase Agreement”) by and between the Company, as purchaser and Aleksandar Milovanović, Zoran Milošević and Snežana Božović, owners of MeridianBet Group, pursuant to which the Company seeks to acquire MeridianBet Group, at a special meeting.
  • “We are extremely pleased with the shareholder vote and believe that the strong support expressed by our stockholders for the acquisition reflects their belief that the acquisition provides a compelling opportunity to grow our operations, global footprint and the overall business,” said Brian Goodman, Chief Executive Officer and Chairman of Golden Matrix.
  • Stockholders representing 32,406,412 shares of the Company’s capital stock entitled to vote at the Special Meeting were present in person or by proxy representing 73.5% of the voting shares issued and outstanding on the record date of January 31, 2024.”
    The completion of the purchase remains subject to the satisfaction of certain other closing conditions, including the Company raising sufficient funding to complete the purchase; however, the Company continues to work toward completing the transaction and currently anticipates such conditions to closing occurring prior to, and such closing occurring, in April 2024, subject to the satisfaction of the conditions thereto.
  • The final voting results for each proposal voted on at the special meeting is set forth in a Current Report on Form 8-K filed by Golden Matrix with the U.S. Securities and Exchange Commission.

CSS Commerce Partners with Bridgeline to Offer B2X AI-Powered Search

Retrieved on: 
Wednesday, March 20, 2024
Diamond, E-commerce, Magento, Digital, BigCommerce, Partnership, AI, Software, Commerce, Berlin Packaging, Marketing, Misumi USA, Online shopping

CSS Commerce, an expert in on-page search, will partner with HawkSearch for a superior experience and technology for its customers.

Key Points: 
  • CSS Commerce, an expert in on-page search, will partner with HawkSearch for a superior experience and technology for its customers.
  • CSS’ Head of Search, Erick Rojas, is ‘excited to bring the strong features of HawkSearch to our customers.
  • Ari Kahn, CEO of Bridgeline Digital, stated, "Our partnership with CSS Commerce is a key step in our strategy to revolutionize eCommerce search for manufacturers and distributors alike.
  • “Integrating HawkSearch enhances our eCommerce solutions and presents AI enhanced opportunities for our clients,” added Tom Sieger, Managing Partner at CSS Commerce.

The MeridianBet - Golden Matrix Transaction Secures Approval at GMGI Shareholder Assembly

Retrieved on: 
Wednesday, March 20, 2024
E-commerce, GMG, Proxy, Special, Acquisition

LAS VEGAS, NV, March 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI) (“GMGI”, “Golden Matrix” or the “Company”), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today announced that its stockholders have voted to approve the terms of, and the issuance of shares of common stock in connection with, that certain previously announced Amended and Restated Sale and Purchase Agreement of Share Capital dated June 27, 2023 (as amended and restated from time to time, the “Purchase Agreement”) by and between the Company, as purchaser and Aleksandar Milovanović, Zoran Milošević and Snežana Božović, owners of MeridianBet Group, pursuant to which the Company seeks to acquire MeridianBet Group, at a special meeting.

Key Points: 
  • Commenting on the merger Zoran Milosevic, Chief Executive Officer of MeridianBet Group, said:
    "Today marks a major milestone for MeridianBet and I am thrilled that the shareholders of Golden Matrix have overwhelmingly voted in favor of the acquisition of MeridianBet.
  • By joining forces, we are not only expanding our reach but enhancing our ability to provide customers with a diverse and comprehensive offering whilst creating a leading global betting group.
  • The final voting results for each proposal voted on at the special meeting is set forth in a Current Report on Form 8-K filed by Golden Matrix with the U.S. Securities and Exchange Commission.
  • A full copy of the announcement can be viewed by visiting: https://www.nasdaq.com/articles/golden-matrix-stockholders-vote-to-acqui...

SingPost Strategic Review Unveils Pathways to Growth and Unlocking Shareholder Value

Retrieved on: 
Tuesday, March 19, 2024
E-commerce, BofA Securities, Letter, Growth, Partnership, International, Merrill (company), Policy, Dragon (magazine), Acquisition, Disclosure, Empowerment, Dragon, Singapore Post, Development, Management

SINGAPORE, March 19, 2024 (GLOBE NEWSWIRE) -- Singapore Post Ltd (“SingPost”) today announced the completion of the strategic review of the group.

Key Points: 
  • SINGAPORE, March 19, 2024 (GLOBE NEWSWIRE) -- Singapore Post Ltd (“SingPost”) today announced the completion of the strategic review of the group.
  • The strategic review was initiated in May 2023 where Merrill Lynch (Singapore) Pte.
  • This is particularly apparent considering the value of the SingPost Centre, the Group’s Australian business and the Group’s growth potential.
  • Potential proceeds will be appropriately allocated by the Board to reduce debt, support growth investments, and return value to shareholders.

Elevai Labs Launches E-commerce Portal to Support Rapid Growth as Stem Cell Exosome Disruptor in the $19.7 Billion Global Physician Dispensed Cosmeceutical Market

Retrieved on: 
Monday, March 18, 2024
Growth, Physician, Patient, Social media, Exosome, Marketing, Plastic, E-commerce, Online shopping

The new E-commerce portal serves as a business-to-business (B2B) extension of the Company’s existing B2B relationship with physician dispensed providers currently offering ELEVAI products in the $19.7 billion global industry1.

Key Points: 
  • The new E-commerce portal serves as a business-to-business (B2B) extension of the Company’s existing B2B relationship with physician dispensed providers currently offering ELEVAI products in the $19.7 billion global industry1.
  • Benefits to ELEVAI with the launch of the ecommerce portal include:
    Physicians can now offer ELEVAI’s professional-grade products, having them delivered directly to patients.
  • The company recently announced unaudited 113% YoY Q4 sales growth and 75% YoY Q4 new account growth.
  • This launch is a natural progression for the Company as we build for the future success of the brand.”

Golden Matrix Reports First Quarter Financial Results With Record Revenues of $11.84 Million

Retrieved on: 
Thursday, March 14, 2024
E-commerce, Growth, Golden, Acquisition, Table, Adjustment, Interest expense, FYE, Compensation, Asset, GAAP, Marketing

Record quarterly revenues of $11.84 million, an increase of 10% on revenues of $10.78 million in the like year-ago quarter.

Key Points: 
  • Record quarterly revenues of $11.84 million, an increase of 10% on revenues of $10.78 million in the like year-ago quarter.
  • Cash-on-hand of $17.29 million, current assets of $24.19 million, and total assets of $37.1 million as of January 31, 2024.
  • Revenue contributions from the company’s B2B and B2C (RKings, MEXPLAY) segments in Q1 were $4.62 million (39%) and $7.22 million (61%), respectively.
  • “We are exceptionally pleased with the company’s performance in Q1 to kick-off the new fiscal year,” said Golden Matrix CEO Brian Goodman.

Lily AI Closes $20M Series B-1 Funding Round

Retrieved on: 
Thursday, March 14, 2024
E-commerce, ROI, Lilium, General partnership, J.Crew, AI, Housing, Yoy, Engineering, Commerce, Traction, NEA, Abercrombie & Fitch, ALC

The Lily AI Series B-Prime investment comes 18 months after its initial Series B round; customers have quadrupled during that time resulting from adoption of the Company’s core product attribution platform as well as generative AI solutions such as the recently announced content generation product.

Key Points: 
  • The Lily AI Series B-Prime investment comes 18 months after its initial Series B round; customers have quadrupled during that time resulting from adoption of the Company’s core product attribution platform as well as generative AI solutions such as the recently announced content generation product.
  • Raised at a premium to its last financing, Lily AI will use this latest funding round to extend its leadership into international markets, expand its social and eCommerce platform integrations, and accelerate the engineering team’s ability to ship enterprise-grade AI solutions across the retail value chain.
  • “There is tremendous momentum in the market and we are seeing increased demand from retailers looking to leverage proven AI to enhance customer experiences and improve business efficiency,” said Purva Gupta, Co-founder and Chief Executive Officer, Lily AI.
  • “We’ve benefitted from visionary and supportive investors from day one and are fortunate to continue that trend with Conductive Ventures leading this latest round.