Daniela Forte and Mike O'Brien
The CEOs of both Under Armour and Nike are stepping down from their respective roles, amid an unprecedented wave of top departures, including in retail and ecommerce. Here is why both CEOs are leaving their posts.
In a surprising move, Hudson’s Bay Company is selling the storied Lord & Taylor chain, which dates to 1826 in New York, to fashion rental subscription startup Le Tote for a relatively cheap $75 million upfront, and another $25 million via a promissory note in two years.
Walmart reported a 37% increase in ecommerce sales in Q2, the same as in Q1 and supported by strong growth in grocery, as its massive digital investments and focus continue to pay off in its locked battle with Amazon. The company is projecting full-year ecommerce growth of 35%, leveraging its huge store base for fulfillment.
Cyber Monday hit $7.9 billion in ecommerce sales, making it the largest online shopping day of all time in the U.S., according to data from Adobe Analytics, up 19.3% from 2017. Here are the full results from Cyber Weekend 2018.
At long last and after several failed efforts, Sears Holdings is filing for Chapter 11 bankruptcy protection and embattled CEO Eddie Lampert, who tried unsuccessfully to prop up Sears with his own money, will step down but stay on as chairman. Here is a look at what remains and the steps Sears took to try to avert its bankruptcy fate.
Black Friday 2016 blew out the former year’s ecommerce numbers, passing the $3 billion dollar mark for the first time to reach $3.34 billion in online sales. See what else transpired over Cyber Weekend 2016.
With a big Cyber Weekend expected, we wanted to take a look around the retail and ecommerce landscape to see what holiday deals were on tap for shoppers.
China announced it will allow full foreign ownership of ecommerce firms in Shanghai’s free trade zone. See how regulatory changes have made it easier for retailers and brands to enter the Chinese market.