Retail imports should be up 3.2% this month vs. 2015, as stores bring in the last of holiday merchandise, according to the monthly global port tracker from the National Retail Federation and Hackett Associates. The numbers come as NRF is forecasting $655.8 billion in holiday sales, a 3.6% increase over last year. The NRF saw the increase as a good sign for both the retail industry and the economy overall heading into the latter part of the holiday rush.
Sears reported a net loss of $748 million in the third quarter of 2016. This loss results in store closures and downsizing of existing store locations. See what other plans are in place for Sears as it moves forward.
Wayfair announced the launch of its View in Room mobile app feature, allowing customers to see furniture in their home before they buy. See how this new feature will make the purchase decision easier for shoppers.
eBags announced that Cyber Monday 2016 was the biggest online day in history for sales, mobile, and site traffic. See what results eBags garnered and what its plans are going forward.
Social media plays an active role in the customer journey. A survey by Hootsuite found that about half of Americans have interacted with businesses and institutions through social media. Here is some additional data that was found in the survey about how social plays a role in the customer journey.
With Black Friday and Thanksgiving weekend not too far off, consumers are eager to see what deals retailers are offering for the biggest shopping weekend of the year. The National Retail Federation provided some important insight with online and in-store shopping during Thanksgiving weekend.
Crate and Barrel announced the launch of its own marketplace. See how the marketplace will provide a broader array of products for customers and what it means for the brand as a whole.
Wayfair is taking virtual reality another step further with its new app, IdeaSpace. This is the second virtual reality app for the company. Check out how it will change the people are shopping on Wayfair.
Shoppers will be using mobile devices far more this holiday season and online will overpower bricks-and-mortar when it comes to shopping. See what other results were revealed in a survey by Catchpoint and the Harris Poll about this holiday season.
Gildan Activewear Inc., is expected to acquire American Apparel for $88million. See what this will mean for both brands moving forward.