Le Tote Buying Lord & Taylor from Hudson’s Bay for $100M
Walmart Again Reports 37% Growth in Ecommerce During Q2
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 Ecommerce Hit Highest-Ever $7.9B
Retail Icon Sears Files for Chapter 11 Bankruptcy Protection
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.