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The News, Commentary & Events that Shaped Commerce This Week
week of 3/8/2019 |
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| Amazon is America’s Most Shopped Retailer in Apparel |
| Amazon has jumped from a joint second place with Target to first place among U.S. apparel retailers, according to a survey by Coresight Research. The survey found that Prime members account for two-thirds of all Amazon apparel shoppers, up from around 60% last year.…» |
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| Join us April 9-11, 2019 in Columbus, OH, for the ONLY conference focused on optimizing direct-to-customer and omnichannel operations & fulfillment. |
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| Marshalls to Launch Ecommerce Site |
| Late to the ecommerce game, Marshalls is launching an online store later this year, its parent company, TJX Companies Inc. announced during its fourth quarter earnings call. …» |
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| Target Grows Digital Sales 31% in Q4 |
| Target reported a strong fourth quarter for ecommerce with digital sales up 31%, hitting $5 billion for the year, a five-fold increase since 2012. Overall comp sales were up 5.3% in Q4 on traffic growth of 4.5%, but revenue was flat at $23 billion.…» |
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| Gymboree Sells Brand to The Children’s Place and Gap |
| The Gymboree Group Inc. is selling its brand to its rival The Children’s Place and its Janie and Jack clothing line to Gap Inc. Here are the details of both the transactions and what it will mean for the companies involved. …» |
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| Charlotte Russe to Liquidate and Closes All Stores |
| Mall-based women’s apparel retailer Charlotte Russe has been added to the ongoing list of troubled companies in the sector, announcing its plans to liquidate and close all of its stores within the next two months. In February, it announced it would file for Chapter 11 bankruptcy protection and close approximately 94 stores. …» |
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