eBay Acquires Shutl to Beef Up Same-day Delivery

| Tim Parry

eBay has acquired U.K.-based same-day delivery courier service Shutl, and will use the acquisition to boost its eBay Now to 25 markets by the end of 2014. Financial terms of the Oct. 22 deal have not been disclosed.

Lowe’s Launches Natural Gas-Powered Truck Fleet

| MCM Staff

Lowe’s has launched a dedicated fleet of natural gas-powered trucks at its regional distribution center in Mount Vernon, TX, making the DIY home improvement merchant’s fleet among the first serving a major retail distribution center in North America to run solely on natural gas.

Overstock.com’s 3Q Revenues Rose 18%

| MCM Staff

Total net revenue for Q3 2013 and 2012 was $301.4 million and $255.4 million, respectively, an 18% increase. The growth in net revenue was primarily due to a 16% increase in average order size, from $147 in Q3 2012 to $170 in Q3 2013, coupled with a 2% increase in orders.

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Urcelay Promoted to CEO at Toys R Us

| Tim Parry

Toys R Us has taken the Interim tag off Antonio Urcelay and named him CEO on Oct. 16. The merchant also announced that former ServiceMaster and Walmart executive Hank Mullany has been named president, Toys R Us, U.S., effective Nov. 5.

NRF: Washington Gridlock to Impact Holiday Spending

| Tim Parry

Faced with continued economic uncertainty and used to doing more with less, consumers will take a conservative approach to spending this holiday season, according to National Retail Federation’s holiday consumer spending survey

Kmart and Sears Highlight Holiday Gameplans

| MCM Staff

Sears, Roebuck and Co. has announced its strategies to attract holiday shoppers this season. For example, Kmart will roll out its Lease-to-Own program in time for Black Friday, while Sears announced it has more than 95 million items available via Sears Marketplace.