The 2017 holiday season saw $108.2 billion in online sales, according to research from Adobe Analytics, up 14.7% from 2016. This figure paced slightly ahead of 2016’s 14.4% growth. Here is what the study also revealed about the holiday season.
Walmart Stores Inc. announced that Judith McKenna will be promoted to President and Chief Executive Officer (CEO) of Walmart International, the company’s second-largest operating segment.
Walmart’s incubator Store No. 8 has launched three startups thus far, with plans for two more in the next year or so, said the company’s head of corporate strategy who also oversees ventures at the National Retail Federation’s Big Show in New York.
The U.S. Supreme Court has agreed to take up a South Dakota case this term that could reset the balance between online and physical store sellers by requiring taxation of goods sold by out-of-state merchants. However the high court rules, it will have a dramatic effect on retail and ecommerce taxation for years to come.
Nordstrom, Inc. announced an increase in its net sales of 2.5% and an increase in comparable sales of 1.2% percent for the nine weeks ended December 30, 2017, compared to 2016. See what the fiscal 2017 expectations Nordstrom set going for the rest of the year.
The holiday shopping season was a successful one for retailers, as it saw a 13% sales growth in ecommerce sales over 2016, according to a study by NetElixir. See what the study revealed about mobile commerce during the holiday season.
Nearly a decade after filing for bankruptcy, Circuit City plans to make a comeback that includes a relaunched website on Feb. 15 and some limited brick-and-mortar locations. Here is how the new relaunch will change the way customers shop this iconic brand.
Geoffroy van Raemdonck, a former executive for Ralph Lauren, has been named the new CEO of Neiman Marcus Group, replacing the retiring Karen Katz. He had been group president EMEA and headed up global travel retail for Ralph Lauren.
This holiday season was a good one for retailers. Spending grew 6.2%, the highest in four years according to a study by First Data, a commerce-enabling technology company. Here are some other statistics from the holiday season.
Macy’s announced it would close an additional 11 stores this year in an effort to continue improvements in organizational efficiency and to allocate resources to support its growth strategy. Here is the reason behind the closures and what it means for Macy’s.