The United Parcel Service’s Louisville, Kentucky processing center, also known as Worldport, moves 2,000 packages every 17 seconds. Worldport is a 5.2 million-square-foot processing facility which includes 70 aircraft docks and 155 miles of conveyor belts that move packages from 220 countries and territories. In this video from Engadget, you will see how exactly they pull off such a feat including sorting up to 416,000 packages an hour.
Macy’s president and CEO Terry Lundgren says he doesn’t know when it will happen or how. But ultimately, he believes every consumer – and ecommerce merchant – will have to pay an online sales tax.
Harry Winston Diamond Corporation announced that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to The Swatch Group Ltd. for US $750 million.
Nearly half of online purchases in studied categories resulted from showrooming. Significantly, nearly a quarter of these online shoppers intended to buy their item in the store, but ultimately purchased online – primarily due to price and convenience.
Total holiday retail sales increased 3.0 percent, below NRF’s projected forecast of 4.1 to $579.8 billion. Additionally, non-store holiday sales grew 11.1 percent. Shop.org in October forecasted a 12.0 percent growth in online sales in the months of November and December.
Sales for the Company’s e‑commerce and catalog direct sales businesses increased 17% in the quarter-to-date period ended January 12, 2013, on a comparable basis.
4R Systems, Inc., a leading provider of advanced inventory and supply chain services which help retailers increase profits by optimizing their inventory and related supply chain decisions, announced that Performance Bicycle has gone live with 4R Systems’ Profit Optimized Inventory Services.