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Oracle has announced that it has entered into a definitive agreement to acquire NetSuite for approximately $9.3 billion. The proposed transaction is expected to close in 2016, and until the transaction closes, Oracle and NetSuite will continue to operate independently.
According to Flipkart’s Facebook page, the Indian ecommerce marketplace is “in a relationship” with Jabong. And it’s not complicated: Flipkart-owned Myntra Designs has agreed to buy Rocket Internet-backed online fashion retailer Jabong for $70 million in cash.
G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million. The transaction is expected to close in late 2016 or early 2017.
Macy’s announced the pilot of Macy’s On Call, a mobile web tool that allows customers to interact with an AI-powered platform via their mobile devices. Macy’s On Call taps IBM Watson, via intelligent engagement platform Satisfi, to deliver a first-of-its-kind solution that will enhance the customer in-store shopping experience at 10 test locations nationwide. According […]
U.S.-based merchants should not need to worry about selling to U.K. customers in a post-Brexit world.
Although U.K. voters chose to leave the European Union on June 24, and the decision had a major negative impact on the world’s financial markets, at least one U.K. businessman says it’s steady-as-she-goes for cross-border ecommerce.
Unilever has signed an agreement to purchase Dollar Shave Club, which is worth a reported $1 billion cash. Here’s what the deal means to both parties, and why Dollar Shave Club founder and CEO Michael Dubin’s handsome-ass grandfather would be proud.
DHgate.com and Tencent signed a strategic agreement to create a social cross-border ecommerce application. Here’s how this social commerce system will make on demand B2B communication and deal making a reality for global buyers and sellers, and help DHagte.com to realize their goal of creating an online silk road.
eBags announced that it recorded record sales growth both for the second fiscal quarter of 2016, and during its Amazon Prime Day event. Here’s a look at how eBags fared during both time periods, and what’s escalating the company’s double-digit sales growth.
From poor deals to cancelled coupon codes to technical difficulties, Amazon made it’s second-annual Prime Day one to remember… or forget.
Burberry has announced new leadership roles for its senior team. Here’s who is taking on new leadership roles as Burberry’s president, CEO, CFO, and COO.
by Jamin Dick
Posted 2 days ago
by Curt Barry
Posted 1 week ago