| MCM TUESDAY
News and Intelligence for the Multichannel Merchant May 07 , 2013 |
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| Best Buy to Sell its Stake in Europe
By Erin Lynch Best Buy has entered into an agreement to sell 50% of its interest in Best Buy Europe, according to a statement issued by the electronics retailer, back to Carphone Warehouse. |
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| Consumers Stretch Their Budgets This Mother’s Day
By Daniela Forte Consumers are expected to spend an average of $168.94 on mom, this Mother’s Day. This is an 11% increase from last year’s $152.42 and total spending is expected to reach $20.7 billion, according to the National Retail Federation’s Mother’s Day spending survey conducted by BIGinsight, in a press release. |
| Senate Approves Internet Sales Tax
By Erin Lynch The Senate has approved the long-anticipated internet sales tax proposal, which would require shoppers to pay sales tax for most of their online purchases, and it has earned mix reviews from retailers across the country. |
| Wal-Mart Tops Fortune 500 List
By Erin Lynch Wal-Mart landed back in the top spot of the annual Fortune 500 list in 2013 after it reportedly earned $469 billion in revenue, according to the list. |
| Adam & Eve Experiences 37% Sales Increase
By Erin Lynch Adam & Eve announced that 1st quarter 2013 sales were up a whopping 37% over 1st quarter 2012. First quarter profits for 2013 were up as well. |
| JCP Asks Customers to “Come Back”
By Erin Lynch J.C. Penney took to Facebook to acknowledge the marketing mistakes it has made over the past year and a half and is now asking customers to “come back” according to a post on its Facebook page. |
| OfficeMax Upgrades B2B Customer Experience
By Erin Lynch OfficeMax has announced a new search engine, with content and navigation improvements on its new B2B site, OfficeMaxWorkplace.com, to deliver a faster and more streamlined online shopping experience. |
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Advertisement  B2B and B2C merchants face big challenges as they try and keep up with the always-connected customer, and around-the-clock direct-to-customer activity has made the process even busier. In this Outlook Report learn:
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