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Online sales from Thanksgiving through Cyber Week was up a strong 24%, with Green Monday expected to headline what could be the biggest online spending week in history.
Walmart announced today that David Cheesewright will become the president and CEO of Walmart International. At his previous post with the retailer, Cheesewright was the president and CEO of Walmart’s Europe, Middle East, Africa and Canada. Cheesewright will assume his new role on Feb. 1, 2014.
Backcountry.com, an online outdoor retailer, has expanded its global reach with the acquisition of Bergfreunde.de, an ecommerce company that caters to outdoor enthusiast in Germany, Austria, and Switzerland.
As one of the most serious, but often most misunderstood, retail loss prevention issues, return fraud costs retailers billions of dollars every year.
Aeropostale, a specialty retailer of casual apparel for young women and men, released its third quarter results, which showed a 15% decrease in net sales and comparable sales, which include the ecommerce channel. CEO Thomas P. Johnson said in the release that he was “disappointed in the overall performance as customer adoption is occurring more slowly than we would like against the backdrop of a challenging teen retail environment.”
J. Crew has released its third quarter financials on Dec. 4, showing a revenue increase of 11% to $618.8 million. Store sales increased 7% to $420.2 million and direct sales increased 21% to $189.8 million.
Branding Brand, the mobile commerce platform to top retailers, today announced the results of its Mobile Commerce Index for Cyber Monday, which showed a 150% increase in sales on smartphone-optimized websites.
Wayfair.com, online retailer of home furnishings and decor, reported record Cyber Monday sales that surpassed $9 million, a 50% increase in year over year growth.
Cyber Monday reached $1.735 billion in desktop online spending, up 18% versus the same day in 2012, representing the heaviest online spending day in history, according to comScore.
Cyber Monday proved to be the biggest online sales day in the history of Walmart. In fact, according to the retailer, from Thanksgiving through Cyber Monday was the highest five-day stretch in online sales for the retailer in its history with over one billion page views processed.
Posted 10 hours ago
by Tim Parry
Posted 11 hours ago