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Online sales in 2014 are expected to grow 9% to 12% in 2014 and overall retail sales are expected to increase 4.1%, an increase of 3.7% from 2013, according to the National Retail Federation.
The company reported net sales of $731.2 million for the four-week period ended Feb. 1, 2014 compared to sales of $986.4 million for the five-week period ended Feb. 2, 2013.
International sales from U.S. ecommerce retailers will jump from $11 billion in 2014 to almost $50 billion by 2020, according to a report by OC&C Strategy Consultants.
Men’s Wearhouse extends its reach to existing customers who live outside the United States by offering international shipping.
TigerDirect says its the largest retailer to accept Bitcoin, a new form of digital currency, as payment.
Amazon’s fourth quarter financials have been released which show net sales have hit $25.59 billion and an increase of 20% compared to Q4 2012.
Adyen sees total mobile growth of 55% year-over-year. Tablets are the preferred device for high value payments. Retail sector sees 36% growth in transaction volume.
The National Retail Federation issued a statement in response to President Barack Obama’s plan to increase the federal minimum wage to $10.10 per hour for workers on new government contracts.
OnlineShoes.com, the nation’s first online shoe retailer announced new promotions and new hires to positions of leadership.
tommee tippee, a baby bottle brand, announced its line Closer to Nature baby feeding products and accessories is now available on Amazon.