Online home goods seller Wayfair reported net revenue of $787 million for the second quarter, up 60% year-over-year, and $756 million in direct-to-customer sales, as it implements a shift to more insourcing of logistics, enabling faster, more efficient fulfillment.
Mobile drove ecommerce success for QVC in the second quarter and QVC is moving full speed ahead with making mobile-first a priority. See what their plans are and what it will mean for QVC.
Macy’s Inc. said Thursday that it will close approximately 100 Macy’s full-line stores and will invest in improvements in ongoing stores and digital vehicles. Stores will remain critical customer touchpoints for Macy’s, along with online shopping and mobile apps, as omnichannel retailing continues to evolve, Macy’s Inc. said in a press release.
TradeGlobal has announced the appointment of Blake Lundberg as the company’s new President. In his new role, Lundberg will manage the strategic direction of TradeGlobal with a focus on driving sustainable, long-term growth.
The U.S. Post Office continued the trend of strong growth in its parcel business while showing losses in mail delivery in its third quarter results. But help may be on the way in the form of a postal reform bill that would lessen the burden of mandated pre-funding of retiree health benefits.
Walmart Stores Inc., and Jet.com announced they have entered into a definitive agreement for Walmart to acquire Jet for $3.3 billion. See what this will mean for both Walmart and Jet.com moving forward as it relates to ecommerce.
Shipping solutions firm OSM Worldwide has seen a 52% increase in domestic shipping revenue from 2015 to 2016, driven largely by growth in ecommerce demand.
Stadium Goods will expand into the exploding Chinese marketplace through an exclusive partnership with Tmall Global, an extension of Alibaba Group’s B2C Tmall.com business. See what this will mean for both Tmall and Stadium Goods.
Walmart is in talks to buy ecommerce marketplace startup Jet.com, according to an article published August 3 by The Wall Street Journal. And the price tag is not a Rollback deal: According to the article, sourced say Walmart is willing to pay $3 billion. Lets take a look at why Jet.com is a vital piece to Walmart’s ecommerce puzzle.
L Catterton, a consumer-focused private equity firm, announced that it has acquired Hanna Andersson, a leading premium children’s apparel and lifestyle brand. See what this will mean for Hanna Andersson.