News ARCHIVE

Click Here for Cyber Weekend Email Updates  Nov 23, 2013 10:46 PM By Tim Parry

The Multichannel Merchant editorial staff will be working through Thanksgiving weekend to bring you the latest Cyber Weekend news, features and opinions you need. Click here to get them by email.

Williams-Sonoma, Inc.’s 3Q DTC Revenue Reaches $511 Million  Nov 21, 2013 2:23 PM By Tim Parry

Williams-Sonoma Inc.’s direct-to-customer revenues for the third quarter were more than $511 million, a 14% increase compared to the same period in 2012. Direct made up 49% of all revenues for the comapny.

Sears Holdings’ Ecommerce and Multichannel Sales Up 17% YTD  Nov 21, 2013 8:03 AM By Tim Parry

Sears Holdings said in its third-quarter earnings release that it has seen 17% year-to-date growth in its online and multichannel sales over the prior year. However, total sales for the parent company of Sears and Kmart was down 3.1% for the quarter.

More Consumers Shopping from Couch This Holiday Season  Nov 20, 2013 1:17 PM By Tim Parry

More shoppers will engage in couch commerce since they know that they can find the widest selection at the best price without leaving their couch or dealing with the masses.

Staples Has Rough Third Quarter  Nov 20, 2013 12:46 PM By Tim Parry

Staples as a whole did $6.1 billion in sales during its fiscal third quarter. However, that equates to a decrease of 3.8% compared to the same period in 2012. Its ecommerce and B2B sales, however, were positive.

JCPenney’s Ecommerce Sales Rise 24.5%  Nov 20, 2013 10:54 AM By Tim Parry

Third-quarter net sales at JCPenney were down 4.8%, but its ecommerce arm continues to shine. Online sales through JCP.com were $266 million for the quarter, up 24.5% versus the same period last year and reflecting sequential increases through the quarter.

Aggressive Promotions will Affect Holiday Sales Margins  Nov 20, 2013 8:46 AM By Tim Parry

FTI Consulting believes that retailers’ gross margins will continue to be pressured by aggressive promotional activity. Retailers focused on the bottom-line must decide how to approach holiday markdowns without jeopardizing the profitability of the season.

Best Buy Online Revenues Up 15.1%  Nov 19, 2013 2:42 PM By Daniela Forte

Best Buy’s third-quarter domestic online revenue increased 15.1% to $499 million, the company said Nov. 19 in its earnings release.

Walmart Reports 1.6% Increase in Net Sales for the Third Quarter  Nov 19, 2013 12:59 PM By Daniela Forte

Walmart reported its net sales for the third quarter of $114.9 billion, an increase of 1.6% from last year, according to its financial report released on Nov. 14.

Package Deliveries Helped USPS Revenue’s Grow in 2013  Nov 15, 2013 3:53 PM By Tim Parry

The U.S. Postal Service lost $5 billion in fiscal 2013, which ended on Sept. 30. However, the USPS highlighted in a press release that it did see a slight revenue increase, thanks in part to an 8% growth in its package services business.






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