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The News, Commentary & Events that Shaped Commerce This Week
week of 5/25/2018 |
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| Adobe Acquires Magento Commerce |
| Adobe announced plans to acquire Magento Commerce for $1.68 billion, integrating it into one platform for B2B and B2C customers globally. See how Magento will boost Adobe's ecommerce capabilities and compliment its existing cloud platform. …» |
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| Target Reports 28% Q1 Growth in Ecommerce |
| Target reported a healthy 28% gain in ecommerce sales in the first quarter, while same-store sales rose 3%, helped by a 3.7% growth in traffic. Strong categories included home goods, household essentials and food and beverage. Here is what Target has implemented that led to the success of the first quarter. …» |
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| Williams-Sonoma Sees Strong Ecommerce Growth in Q1 |
| Williams-Sonoma continues to grow share of ecommerce in its overall sales, increasing from 52.2% in Q1 of 2017 to 53.7% this past quarter, while growing online revenue by 11.2%. Total net revenue was $1.2 billion, up 8.2% from last year. Here are some of the plans Williams-Sonoma has to further expand its digital channel. …» |
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| Lowe’s Snags Marvin Ellison Away from JC Penney as New CEO |
| Marvin Ellison, who took over JC Penney after the turbulent Ron Johnson era but has overseen the business during its recent decline, has jumped ship to become the new CEO of home improvement firm Lowe’s as it tries to keep up with category leader Home Depot.…» |
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| PetSmart Names New CEO |
| A year after acquiring Chewy.com for $3.4 billion to expand its ecommerce capabilities, PetSmart has added a new CEO to turn around performance at its 1,600 retail stores. See who PetSmart appointed and how it will benefit the brand. …» |
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| Over a Quarter of Organizations Worldwide Not Ready for GDPR Compliance |
| More than a quarter of organizations globally are not prepared to comply with the European Union’s new General Data Protection Regulation (GDPR), which goes into effect today, according to a survey conducted by SAP Hybris. See what else the survey revealed about compliance efforts, or lack thereof, as the major directive impacts the use of customer data worldwide.…» |
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