Multichannel Merchant Week In Review The News, Commentary & Events that Shaped Commerce This Week

week of 7/6/2017
True Religion Inc. Files for Chapter 11 Bankruptcy
True Religion Inc. has filed for Chapter 11 bankruptcy in an effort to slash its debt of about $500 million, with plans to emerge from the process as soon as possible. See what contributed to the decision to file and what plans the company has going forward. …»
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Nike Confirms Pilot Sales Program on Amazon
Nike confirmed it is selling select products directly through Amazon in a pilot program, greatly expanding its reach while also helping address counterfeiting. The news is a direct hit to retail partners like Finish Line and Foot Locker, who will undoubtedly lose sales. Nike will also start selling directly through a partnership with Instagram.…»
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Finish Line Enhances Mobile-First Strategy with Updated App
The Finish Line is working on several initiatives aimed at driving traffic and conversion, including the recent update of its mobile app. See what Finish Line executives had to say about what their plans are with mobile both in-store and online. …»
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Vantiv Acquires Rival Worldpay for $9.94 Billion
In yet another mega merger in the retail sector, U.S.-based credit card processing firm Vantiv is acquiring UK-based payments technology firm Worldpay in a deal worth $9.94 billion, after J.P. Morgan withdrew its interest in Worldpay. The move give Vantiv greater access to the lucrative European ecommerce and digital payments market.…»
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QVC to Acquire Rival Firm Home Shopping Network
Creating a mega-entity in the world of television shopping and ecommerce in general, QVC plans to merge with Home Shopping Network in a deal valued at $2.1 billion. Here is what executives from both companies had to say about what this will mean moving forward. …»
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