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The News, Commentary & Events that Shaped Commerce This Week
week of 5/24/2019 |
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| Walmart Sees 37% Sales Growth in Ecommerce in Q1 |
| Walmart reported 37% growth in ecommerce sales in the first quarter, with online grocery as well home and fashion categories as the primary drivers. Total revenue for the quarter was $123.9 billion, an increase of $1.2 billion or 1%. …» |
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| Citing Challenges, Dressbarn to Close All Stores |
| Dressbarn parent company Ascena Retail Group announced it would begin to wind down the brand’s retail operations including the closure of all 650 stores, without giving a firm date. In 2017 the company said the shuttering would take place through 2019.…» |
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| SCOTUS Declines to Hear UPS Case on USPS Pricing |
| The U.S. Supreme Court declined to hear an appeal of a lower court ruling, which denied UPS's legal claim that the U.S. Postal Service’s pricing model gave it an unfair advantage over parcel shipping competitors. In 2018, a U.S. Appellate Court in Washington, DC upheld the pricing methodology. Amazon backed the USPS in the case.…» |
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CommerceChat: Podcasts Exploring Ecommerce Trends |
| Explore the library of MCM Commerce Chat and hear the trends and insights that continue to shape the dynamic world of direct-to-customer selling directly from the source. Each month, a new topic and thought leader is featured – subscribe today! |
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| How to Master Your Global Payments Strategy |
| The global payments landscape is ever changing as new technologies like Apple Pay, WeChat Pay and several others help make frictionless cross-border payment a reality. Here is a look at how to master your global payments strategy. …» |
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| Target Sees 42% Sales Growth in Ecommerce in Q1 |
| Target reported ecommerce sales growth of 42% in the first quarter, with positive guest response to same-day digital fulfillment services. The quarter marked Target’s eighth consecutive quarter of comparable sales increases. CEO Brian Cornell said the retailer's comparable sales growth of 4.8% was a bit ahead of expectations. …» |
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