The ongoing saga of faltering department stores continues, with reports that Canadian-based retail giant, Hudson’s Bay is in talks to acquire struggling high-end retailer Neiman Marcus. See what plans the retail giant has for Neiman Marcus and what it will mean going forward.
FedEx has expanded its FedEx First Overnight service to more than 4,400 zip codes across the U.S. With this expansion, the service now reaches more than 32,000 zip codes for next-business day delivery, representing 92% of the business population in the U.S.
Gander Mountain announced it would be filing for Chapter 11 bankruptcy. Here is what the the company plans going forward.
A European Union court ruled that the European Commission wrongfully blocked UPS from acquiring Dutch carrier TNT Express in 2013, which paved the way for rival FedEx to pick up TNT in 2016
Fraud prevention provider Forter’s 2017 Fraud Attack Index, done in conjunction with the Merchant Risk Council (MRC), details the rate at which ecommerce fraud attacks increased in traditional retail verticals. The study found there was a 79% increase in ecommerce fraud for domestic holiday orders. See what else the study found.
RadioShack has announced it is filing for Chapter 11 bankruptcy and closing 200 stores and evaluating the remaining 1,300 locations. See what this will mean for the company as it moves forward with the filing.
Cross-border shopping company, iguama announced it has expanded its online shopping mall operations into Mexico. See what this will mean and what led iguama to make the expansion.
Target plans to invest $2 billion this year, and $7 billion over the next three years as it looks to boost its digital initiatives, support new brands and expand its smaller-store footprint, taking a page from the playbook of main competitor Walmart.
Despite some forecasts projecting a slowdown in ecommerce in China, a new report from Goldman Sachs sees the world’s largest online market continuing to boom over the next four years. The report pegged Chinese ecommerce sales at $750 billion in 2016 sales, coming from 460 million online shoppers, and projects a CAGR of 23% through 2020 – nearly triple the rate of offline sales. See what categories and companies are leading.
BCBG Max Azria Group became the latest victim of a brutal period in retail, filing for Chapter 11 bankruptcy protection after it had already announced plans to shutter 120 stores and lay off 123 employees, according to several media reports.