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The News, Commentary & Events that Shaped Commerce This Week
week of 10/25/2019 |
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| Struggling Hudson’s Bay Co. Going Private |
| Hudson’s Bay Co., parent of Saks Fifth Avenue, is being taken private in a share buyback plan, paying a 65% premium over the original offer in June, according to various media reports. Regulators and shareholders need to formally approve the deal later this year. …» |
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| Consumers Expected to Favor Cyber Monday Over Black Friday |
| Consumers of all ages are more likely to shop on Cyber Monday than Black Friday, according to a Deloitte survey, spending 59% of their holiday budget online, compared with just 36% in store as ecommerce takes a bigger bite. Here is what Deloitte predicts for holiday 2019. …» |
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| Report: Amazon Delivering Expired Food to Customers |
| While Amazon is the go-to marketplace for an increasing number of consumers today, it is reportedly delivering unsafe food products past their expiration date, according to CNBC. This is on top of continuing allegations about the sale of counterfeit goods on the leading marketplace. …» |
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| Stamps.com Strikes Partnership with UPS for Discounted Shipping Rates |
| Stamps.com, which had been struggling since ending its long-term partnership with the U.S. Parcel Service in February, has been buoyed by a new deal with UPS. As part of the deal, Stamps.com’s 740,000 shipper customers can get discounts up to 55% off standard UPS rates and relief from surcharges.…» |
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| The Implications of a Phased Approach to UK's SCA Payment Rules |
| The UK’s Financial Conduct Authority (FCA) is opting for an 18-month phased implementation of the Secure Customer Authentication rules for ecommerce transactions, instead of an action date of Sept. 14. Eric Christensen of Digital River provides some context in this latest MCM CommerceChat podcast. …» |
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