News ARCHIVE

Online Sales Rose 8% Before Valentine’s Day  Feb 14, 2014 2:07 PM By Daniela Forte

Online shopping saw a rise of 8% during the week of Valentine’s Day compared to the same period in 2013, according to recent data from IBM.

Jos. A. Bank to Acquire Eddie Bauer for $825 Million  Feb 14, 2014 11:59 AM By Tim Parry

Jos. A. Bank has entered into an agreement to acquire Eddie Bauer from Golden Gate Capital in an $825 million cash and stock deal.

USPS to End Metro Post Same-day Delivery Program  Feb 12, 2014 11:31 AM By Erin Lynch

The Office of the Inspector General has announced that the United States Postal Service will end its same-day delivery pilot program, Metro Post, throughout the San Francisco area due to insufficient participation.

Online Sales Expected to Increase 9% to 12% in 2014  Feb 07, 2014 4:00 PM By Daniela Forte

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.

Lbrands Reports January 2014, Fourth Quarter 2013 Sales  Feb 06, 2014 10:21 AM By MCM Staff

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 Ecommerce to Grow to $50 Billion by 2020  Feb 05, 2014 10:01 AM By Tim Parry

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 Introduces International Shipping for Online Customers  Feb 05, 2014 9:29 AM By MCM Staff

Men’s Wearhouse extends its reach to existing customers who live outside the United States by offering international shipping.

TigerDirect Now Accepting Bitcoin  Feb 01, 2014 2:45 PM By MCM Staff

TigerDirect says its the largest retailer to accept Bitcoin, a new form of digital currency, as payment.

Amazon Q4 Sales up 20%, Falls Short of Expectations  Jan 30, 2014 4:43 PM By Erin Lynch

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.

Mobile Payments Climb To 19.5% Of Transactions Globally  Jan 30, 2014 2:07 PM By Tim Parry

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.






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