The back-to-school season might have helped boost retail sales, according to the National Retail Federation, as clothing, sporting goods, and books saw an increase in July.
Newegg, Inc. (www.newegg.com), the leading electronics-focused e-retailer in the United States, today announced announced that its first ever pop-up store will be open for three days on August 16-18 in The Oaks shopping center in Thousand Oaks, California. Newegg’s exclusive store event will feature over 70 products from Intel, Samsung, Sony, WD and more. Customers […]
Rakuten has entered into an agreement to acquire PopShops, a Seattle-based data and analytics company, for an undisclosed amount of money.
Kewill, a provider of multimodal transportation software, announced that it has signed a definitive agreement to acquire the assets of Four Soft, a software company headquartered in Hyderabad, India. The acquisition is expected to close within 90 days and will expand Kewill’s existing position in the Supply Chain Execution software market.
AdamAndEve.com reported strong sales and profits in its second quarter of 2013. The company reported a 12% increase from Q2 2012.
OfficeMax released it’s second quarter financials and according to the report the office supply retail saw a 4.3% decrease in sales.
Fifth & Pacific, which includes clothing and lifestyle brands such as Juicy Couture, Kate Spade, and Lucky Brand, released it’s second quarter financials which showed a net sale increase of $45 million.
2Q13 Highlights: – Total revenue increases 14.1%, includes Super Supplements – Comparable store sales grew 2.3% – E-commerce revenues increased 18.5%, 8th consecutive quarter of double-digit growth – Fully diluted EPS of $0.60 – Opened 10 new stores.
Wayfair.com, an online home furnishing retailer, has announced the acqusition of lifestyle retailer DwellStudio for an undisclosed amount of money. Wayfair.com said the acquisition not only adds product design and development to the brand portfolio but also means the possibility of new product lines by the end of 2013.
As we move closer to the 2013 holiday season, retailers are cautiously optimistic about consumer spending however they are expecting to see an uptick in the November and December months. Not surprisingly, retailers expect mobile to play an increased role in driving sales with minimal contributions from social media.