Dick’s Sporting Goods saw a strong first quarter in ecommerce, reporting a 15% increase in online sales. The company said ecommerce represented about 13% of total net sales, up from 11% in the first quarter of 2018.
Topshop plans to close its 11 U.S. stores after filing for bankruptcy, including doors in Los Angeles, New York, Miami and Chicago, while continuing its Topshop and Topman brands online and through wholesale partners like Nordstrom.
Target reported ecommerce sales growth of 42% in the first quarter, with positive guest response to same-day digital fulfillment services. The quarter marked Target’s eighth consecutive quarter of comparable sales increases. CEO Brian Cornell said the retailer’s comparable sales growth of 4.8% was a bit ahead of expectations.
Dressbarn parent company Ascena Retail Group announced it would begin to wind down the brand’s retail operations including the closure of all 650 stores, without giving a firm date. In 2017 the company said the shuttering would take place through 2019.
Walmart reported 37% growth in ecommerce sales in the first quarter, with online grocery, home and fashion categories as the primary drivers. Total revenue for the quarter was $123.9 billion, an increase of $1.2 billion or 1%.
Amazon is unquestionably the biggest sales platform in the North American market, and its marketplace alone commanded nearly a third of total online sales in the U.S. in 2018. But there’s also a lot of competition—more than 5 million brands compete for the same customers, with thousands more joining every day.
Steven Temares, CEO of Bed Bath & Beyond since 2003, is stepping in the midst of pressure from three activist investors with a 5% stake as the company struggles against larger competitors offering cheaper private label brands.
Where do your customers spend their precious free time – and, more importantly, their money? The answer is increasingly on digital channels, especially websites and apps on mobile devices. Here is how to use this channel effectively for your retail business.
The gulf between industry policy and the practical realities of the market creates vulnerabilities and opens the door for new threats like friendly fraud and cyber shoplifting. Visa and Mastercard are stepping up to take this challenge seriously. But is it enough? What’s really needed is a consistent process across card brands.
Are unauthorized third-party sellers a big deal? If you want to protect the integrity of your brand – not to mention your margins – the answer is yes. In the era of online reviews and SEO, the impact of unauthorized ecommerce sellers ranges from lost revenue to damaged relationships with authorized sellers to questionable brand integrity.