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Wall Street wasn’t wowed when Walmart announced its consolidated net sales for fiscal year 2014. But the retailer was able to hang its hat on its global ecommerce sales, which grew 30% and surpassed $10 billion.
Oriental Trading Company has agreed to acquire SmileMakers, a direct retailer of patient giveaways and practice promotions for the dental and healthcare markets, as well as classroom incentives and aids to the education market, from Staples.
Jos. A. Bank has entered into an agreement to acquire Eddie Bauer from Golden Gate Capital in an $825 million cash and stock deal.
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 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.
by Curt Barry
Posted 2 days ago
by Tommy Kelly
Posted 2 days ago