News ARCHIVE

Wet Seal Exit Strategy for Arden B. Is Underway  May 28, 2014 1:31 PM By Daniela Forte

Arden B. will soon just be a memory, as its parent company, Wet Seal, Inc., announced it has already begun winding down that business.

Target to Test Same-Day Delivery  May 26, 2014 3:10 PM By Tim Parry

Target will test same-day delivery next month in three markets, the discount department store merchant said May 21 during its first-quarter earnings call.

Gap Inc. Reports Increase In Online Sales for First Quarter  May 23, 2014 10:56 AM By Daniela Forte

Gap Inc. reported an increase of 13% in online net sales to $575 million on top of last year’s 27% increase, according to a press release. The company continues its progress toward bridging the growing digital world with its physical stores.

Sears Holdings Takes Massive First-Quarter Loss  May 23, 2014 9:50 AM By MCM Staff

However, Sears Holdings announced online and multichannel sales grew 26% over the prior year first quarter;

SAP to Acquire SeeWhy  May 22, 2014 11:42 AM By MCM Staff

SAP AG announced plans to acquire SeeWhy, the market-leading provider of cloud-based behavioral target marketing solutions to help businesses increase customer engagement and drive revenues.

eBay Hacked – Users Asked to Change Passwords  May 21, 2014 4:48 PM By Tim Parry

The database, which was compromised between late February and early March, included eBay customers’ name, encrypted password, email address, physical address, phone number and date of birth. However, the database did not contain financial information or other confidential personal information.

Walmart’s Ecommerce Sales Rose Faster than Amazon.com’s  May 18, 2014 7:41 AM By Tim Parry

Walmart’s first-quarter global ecommerce sales rose 27%, the mass merchant announced on May 15. That growth is faster than ecommerce behemoth Amazon.com, which saw a 23% rise in sales during the comparative quarter.

Nordstrom’s Ecommerce Sales Rose Faster than Amazon.com  May 17, 2014 2:35 PM By Tim Parry

Nordstrom direct net sales increased 33% in the first quarter, driven by expanded merchandise selection and ongoing technology investments to enhance the online experience.

JCPenney Online Sales are Growing Faster than Amazon  May 16, 2014 9:58 AM By Tim Parry

Is JCPenney growing faster than Amazon.com? Not really. But based on its new sales reporting methodology, JCPenneys’ first-quarter online sales grew at a faster pace than Amazon’s. Here’s why.

comScore: U.S. Ecommerce Spending Grows Nearly 12%  May 15, 2014 6:00 AM By Tim Parry

Desktop ecommerce accounted for 11.7% of consumers’ discretionary spending, the highest first quarter share on record. Of the additional $7.3 billion in mobile commerce, purchasing using smartphones accounted for 62% vs. 38% from tablets.






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