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Macy’s president and CEO Terry Lundgren says he doesn’t know when it will happen or how. But ultimately, he believes every consumer – and ecommerce merchant – will have to pay an online sales tax.
Harry Winston Diamond Corporation announced that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to The Swatch Group Ltd. for US $750 million.
Nearly half of online purchases in studied categories resulted from showrooming. Significantly, nearly a quarter of these online shoppers intended to buy their item in the store, but ultimately purchased online – primarily due to price and convenience.
Total holiday retail sales increased 3.0 percent, below NRF’s projected forecast of 4.1 to $579.8 billion. Additionally, non-store holiday sales grew 11.1 percent. Shop.org in October forecasted a 12.0 percent growth in online sales in the months of November and December.
Sales for the Company’s e‑commerce and catalog direct sales businesses increased 17% in the quarter-to-date period ended January 12, 2013, on a comparable basis.
4R Systems, Inc., a leading provider of advanced inventory and supply chain services which help retailers increase profits by optimizing their inventory and related supply chain decisions, announced that Performance Bicycle has gone live with 4R Systems’ Profit Optimized Inventory Services.
This week, there are more up-and-down results coming in from crosschannel retailers. And two reports indicate spending overall was down in December.
NetSuite Inc. today announced that it has acquired Retail Anywhere, a provider of multichannel retail management solutions designed to improve the retail customer experience. The acquisition builds on NetSuite’s SuiteCommerce platform.
In honor of its 100th anniversary, legendary outdoor food and beverage brand, STANLEY, a brand of PMI, announces today the release of a limited edition 100th Anniversary Bottle and Shoulder Sling. In partnership with Filson, the iconic outfitter for the outdoor enthusiast for over 115 years, this commemorative product represents what these two legendary companies are celebrated for – functional design, renowned durability, and rich heritage.
Delia’s CEO Walter Killough has agreed to step down on April 1, four months before his contract is set to expire. The company has begun a search for a new CEO, and Killough may agree to continue to serve as CEO of Delia’s for a limited period of time after April 1, according to a press release.