Overstock.com Becomes First Retailer to Accept Bitcoin
Overstock.com has announced it is now accepting the controversial cryptocurrency, Bitcoin, as a form of payment along with Visa, MasterCard and PayPal.
PR Newswire
Target: Security Breach Affected 70 Million Customers
As part of its ongoing investigation into a security breach discovered last month, Target has determined that the stolen information includes names, mailing addresses, phone numbers or email addresses for up to 70 million individuals.
Barnes & Noble Reports 6.6% Decrease in Holiday Sales
The Barnes & Noble retail segment, which includes traditional brick-and-mortar stores and BN.com, released its 2013 holiday sales results which show a 6.6% decline compared to last year.
Ecommerce Holiday Shopping Numbers the Highest Ever
CardinalCommerce reported record numbers for online transactions during the 2013 holiday season. Numbers were 46% more than the 2012 holiday season.
2,500 Layoffs, Store Closings Announced at Macy’s
In an effort to save nearly $100 million annually, Macy’s has laid out a cost reduction plan which includes laying off 2,500 workers and the closing of a handful of its brick-and-mortar stores.
Rotunda Capital Acquires Majority Stake in Discount Ramps
Rotunda Capital Partners has acquired a majority stake in Discount Ramps, LLC from the online retailer of transportation and hauling products’ founder Joel Lederhause. The financial terms of the deal, which closed Dec. 20, were not disclosed.
Amazon and L.L. Bean Best in Customer Satisfaction
During the 2013 holiday shopping season, Amazon and L.L. Bean tied for the highest company-level satisfaction, according to a recent report by ForeSee.
Holiday Season Ecommerce Spending Reached Record $46.5 Billion
comScore said that holiday season U.S. retail ecommerce spending from desktop computers for the full November-December 2013 holiday season, showing that $46.5 billion was spent online from desktop devices, an increase of 10% vs. year ago.
Polar Vortex Grounds Carriers
Consumers who are waiting for cold-weather gear they ordered online to stay warm during the polar vortex may not get these products shipped to them right away because of, well, the polar vortex.
Men’s Wearhouse Makes a Cash Offer to Jos. A. Bank
Men’s Wearhouse believes its $57.50 per share proposal to acquire Jos. A. Bank is compelling, and provides substantial value and immediate liquidity to Jos. A. Bank shareholders.