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The News, Commentary & Events that Shaped Commerce This Week
week of 9/7/2018 |
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| Lululemon Reports Double-Digit Online Growth, Strong Comps |
| Lululemon reported 48% growth in direct-to-customer sales during its second quarter. The apparel brand saw strong online traffic and a higher conversion rate resulting in a 47% comp increase. Ecommerce contributed $167 million or 23% of Lululemon’s topline. See which categories did well during the second quarter. …» |
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| Ulta Beauty Ecommerce Sales Up 38% in Q2 |
| Ulta Beauty saw a 37.9% increase in ecommerce sales in the second quarter, representing 9% of revenue. Total sales grew 15.4%, with comps up 6.5%, on top of 11.7% growth in the year-ago quarter. Here are some of the initiatives that led to Ulta Beauty's ecommerce success in the second quarter.…» |
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| Pitney Bowes Parcel Shipping Index Sees 17% Growth in 2017 |
| Parcel shipping volume grew 17% in 2017 across 13 major geographies tracked by Pitney Bowes, from 64 billion to 74 billion items shipped, with China the largest shipper at 40 billion items, followed by the U.S. (12 billion) and Japan (10 billion). See what other key data was pulled out of the annual survey.…» |
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| Labor Shortfall for Warehouse Workers Growing Acute |
| Warehouses, distribution centers and fulfillment centers need to hire an additional 226,000 workers each in 2018 and 2019 just to keep pace with demand, driven largely by perpetually booming ecommerce, according to a new report from commercial real estate firm CBRE.…» |
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| The Bon-Ton Stores Finds Buyer After Store Closures |
| After shutting its doors last week, bankrupt retailer Bon-Ton Stores is reopening as a new owner has come forward to purchase the company. Here is how the company plans to reinvent shopping with a focus on the ecommerce experience. …» |
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