Rithum stories
UK eCommerce sales surged 27% during Black Friday as social media platforms like TikTok fueled a 152% global rise in social shopping transactions.
UK brands are increasingly utilising online marketplaces, with average sellers engaging on four platforms as they adapt to consumer shopping habits.
A recent survey reveals that 57% of UK retailers and brands plan to enhance their third-party selling strategies amid rising operational costs and competition.
B&Q inks partnership with Rithum to improve its eCommerce strategy, bolster marketplace expansion, and reduce new product enlistment time by half.
Retailers face a shift in trust as 64% of Gen Z shoppers buy on AI recommendations without checking other sources, a study finds.
Retailers could cut manual sourcing time as the tool uses network data to rank suppliers by category fit and performance.
Retailers could cut weeks of manual sourcing work as Rithum’s new tool uses network data to match suppliers to growth needs.
The hire comes as the software group steps up AI and automation across its commerce platform, aiming to simplify operations for retailers and brands.
Commerce software group Rithum hires Gregory Banning as CRO and elevates Caitlin Hauser to CFO as it revamps its senior leadership team.
Rithum links its commerce platform to Stripe's Agentic Commerce Suite, enabling AI agents to handle product discovery and payments end-to-end.
Social media fuelled a Black Friday boom in the UK, as Rithum data showed global social sales soaring 152% and online spend up 27%.
Rithum has appointed Suzin Wold as Chief Marketing Officer and Mike Vantusko as Chief Financial Officer to strengthen its leadership team.
Rithum names Lou Keyes as CEO to spearhead growth in third-party commerce. Keyes, with vast tech sector expertise, succeeds Bryan Dove, who led since 2021.
Rithum unveils AI Magic Mapper, a tool designed to automate and accelerate the process of uploading product catalogues, streamlining marketplace expansion for brands.
Global commerce firm CommerceHub rebrands to Rithum, merging key eCommerce players and acquires UK AI firm, Cadeera.
