Pier 1 Imports saw ecommerce growth during the first quarter of 2017. Ecommerce sales totaled $99.3 million, representing a 23% increase year-over-year. See how ecommerce played a role in overall sales and what the retailer is planning to focus on going forward.
Staples announced it was acquired by a private equity firm for $6.9 billion. Here is what Staples executives had to say about the acquisition and what it means for the company.
Lamps Plus Inc., a specialty lighting retailer in the United States, announced its expansion into the Canada market with the launch of LampsPlus.ca. See why the company decided to make the move and how its business has grown north of the border.
As it looks to entice China’s burgeoning middle class with quality U.S. goods, the Alibaba Group is considering a distribution center in the Detroit area, company officials said at a recent event aimed at adding smaller manufacturers to its online marketplaces.
Amazon has announced Amazon Prime Wardrobe, a new service that lets Prime members try on clothes for free. Here is what this could mean for retail.
In the wake of Amazon’s announcement that it plans to acquire Whole Foods for $13.7 billion, Walmart is asking its partners and suppliers to take their software services off of the Amazon Web Services cloud network.
The highest number of respondents to a January survey of Amazon sellers – 29%- said they planned to expand to Walmart.com in 2017, an indication of growing interest in the channel. Nearly half of them said it makes up 80% or more of their sales, with home/kitchen goods the most popular category. See what else the survey found.
UPS announced it will implement peak season surge pricing to offset the cost of a huge spike in its shipping volume during the extreme rush at the end of the year. FedEx has not yet announced a similar move. See what the move means, what industry observers are saying and UPS’s rationale.
Dropping a bombshell into the marketplace, Amazon announced its plans to acquire Whole Foods in a cash deal worth $13.7 billion, its biggest deal to date, blowing out Amazon’s bricks-and-mortar agenda and sending shockwaves across both the retail and grocery sectors. See what industry observers had to say about the impact of this major deal.
Walmart announced the acquisition of Bonobos. The big-box retailer bought the online clothing retailer for $310 million in cash. See what changes are coming down the pike for both companies.