Hudson’s Bay Co., parent of Saks Fifth Avenue, is being taken private in a share buyback plan, paying a 65% premium over the original offer in June, according to various media reports. Regulators and shareholders need to formally approve the deal later this year.
Consumers of all ages are more likely to shop on Cyber Monday than Black Friday, according to a Deloitte survey, spending 59% of their holiday budget online, compared with just 36% in store as ecommerce takes a bigger bite. Here is what Deloitte predicts for holiday 2019.
The CEOs of both Under Armour and Nike are stepping down from their respective roles, amid an unprecedented wave of top departures, including in retail and ecommerce. Here is why both CEOs are leaving their posts.
Aside from the key challenge that growing tech companies face – creating products that address real-world problems – getting customers and then keeping them for the long term may be one of a growing business’s greatest hurdles.
Walmart is launching a program called “Competitive Price Adjustment” that will temporarily lower the prices consumers pay for some items on its marketplace. Here is how Walmart is competing with Amazon with this new program.
Amsterdam, 10 October 2019: Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, is transforming how international ecommerce companies operate in China. By introducing a suite … Continue Reading →
Last week was not a good one for Walmart or Marc Lore, its CEO and president of its U.S. ecommerce division. Walmart is reportedly selling personal shopping service Jetblack to outside investors, selling its online woman’s apparel brand Modcloth to Go Global Retail and trimming staff at men’s apparel retailer Bonobos.
Target announced it is joining forces with Tru Kids, the parent company of the Toys R Us brand, to help Toys R Us power its ecommerce site. Here is what customers can expect from the new ecommerce site.
How often do you experience your ecommerce business the way your customers do? Do you follow a customer’s journey and see where there are friction points causing you to lose sales? Here are three ways retailers can prevent losing sight of how their current and potential customers experience their offerings.
The National Retail Federation is predicting holiday retail sales between November and December could increase from 3.8% to 4.2%, for a total of $727.9 billion-$730.7 billion, from $701.2 billion in 2018.