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The News, Commentary & Events that Shaped Commerce This Week
week of 11/16/2018 |
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| More than Half of Consumers Expected to Shop in Stores This Holiday Season |
| Retailers with a physical presence have an advantage over pure-play ecommerce companies this holiday season, according to a survey by JLL Retail, with 57.3% of consumers planning to make the majority of their purchases there. See what five retailers consumers prefer as well as other predictions for their shopping habits this holiday season. …» |
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| How Rod's Western Palace Gets Its Marketing Strategy Ready for the Holidays |
| Having a good marketing strategy in place for the holiday season is critical, especially in terms of remaining competitive in pricing and offers. In this latest edition of our MCM CommerceChat podcast, Phil Minix, Executive Vice President of Rod's Western Palace, talks about his company’s marketing strategy and preparing for the holiday blitz.…» |
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| Destination Maternity Plans to Close Up to 280 Stores By 2022 |
| Destination Maternity joins a long line of retail downsizers in recent years, announcing plans to close up to 280 unprofitable stores by 2022, including 117 in fiscal 2018 and another 42 to 67 locations in 2019. Here is how much the company expects to save with these closings. …» |
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| Singles Day Once Again Sets Records, But Growth Is Slowing |
| Alibaba set a new record on the 10th annual Singles Day by reaching more than $30.8 billion or 213.5 billion yuan in gross merchandise value (GMV) in 24 hours on Sunday. However growth is slowing and some observers question the GMV metric, while some Chinese consumers are less than enthusiastic. …» |
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| Amazon Announces Two New East Coast Headquarters |
| As expected, Amazon announced two new headquarters on the East Coast, one in Long Island City, NY and one in Arlington, VA, with plans to invest $5 billion and create more than 50,000 jobs. This ended a 14-month process that had 240 U.S. cities selling themselves and offering huge incentives. See details of the two new locations as well as plans for a center of excellence in Nashville. …» |
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