News ARCHIVE

Grainger’s Ecommerce Sales Pass $3 Billion in 2013  Jan 24, 2014 10:00 AM By MCM Staff

Grainger’s online presence faired very well in 2013, earning the B2B merchant $3 billion in ecommerce sales alone, according to its annual financial report. Overall, Grainger saw a 5% increase in total sales, equating to $9.4 billion, however, the merchant said its ecommerce presence represent “the fastest growing and most profitable channel in the business.”

The Home Depot Acquires Blinds.com  Jan 23, 2014 4:45 PM By MCM Staff

The Home Depot will work with Blinds.com to expand its technology into homedepot.com and the company’s stores with the goal of improving the entire end-to-end buying process for window coverings.

Nordstrom to Open Fulfillment Center in PA  Jan 22, 2014 10:35 AM By Erin Lynch

Nordstrom has announced plans to open its third fulfillment center Elizabethtown, Pa. Construction for the 672,000-square-foot building began on Jan. 20 and is scheduled to open in summer 2015.

Jos. A. Bank Says No to The Men’s Wearhouse  Jan 17, 2014 9:50 PM By Tim Parry

Robert N. Wildrick, Chairman of Jos. A. Bank, said, “Our Board of Directors firmly believes that the Men’s Wearhouse offer is inadequate and significantly undervalues Jos. A. Bank and its near- and long-term potential.”

Jos. A. Bank Rejects Latest Men’s Wearhouse Offer  Jan 17, 2014 9:45 PM By Tim Parry

The Men’s Wearhouse today issued the following statement in response to the announcement by Jos. A. Bank Clothiers, Inc. that its Board of Directors has rejected Men’s Wearhouse’s all-cash $57.50 per share offer.

American Eagle Outfitters and Shopkick Announce 100-Store iBeacon Trial  Jan 16, 2014 3:00 PM By MCM Staff

As shoppers enter an American Eagle Outfitters store, shopBeacon will welcome and show them location-specific rewards, deals, discounts and product recommendations – without them even having to remember to open the app.

J.C. Penney Closing 33 Stores, Laying Off 2,000  Jan 15, 2014 5:17 PM By Erin Lynch

J.C. Penney has announced that it will close 33 under performing stores across the country and laying off 2,000 employees in an effort to save $65 million.

Holiday Ecommerce Sales Rose 9.3%  Jan 14, 2014 11:08 AM By MCM Staff

Total holiday retail sales, which includes November and December sales, increased 3.8% to $601.8 billion, which was in line with NRF’s projected forecast of 3.9% and $602.1 billion.

IBM Study of 30,000 Global Consumers Shows Importance of Personalization  Jan 13, 2014 4:32 PM By Erin Lynch

A new IBM study of more than 30,000 global consumers released at the 2014 National Retail Federation convention found consumers are willing to share their personal information with retailers, particularly if they get good value in exchange.

Alibaba Bans Bitcoin on all Marketplace Sites  Jan 13, 2014 10:55 AM By Erin Lynch

While Overstock.com announced last week that it has begun accepting Bitcoins as an online payment option, not all merchants are embracing the crypto-currency. The Chinese ecommerce platform Alibaba Group said in a statement that it has banned the controversial payment option from all its Taobao marketplaces.






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