Chico’s FAS to Close 120 Stores, Lay Off 240
In order to rationalize costs and focus more on omnichannel, Chico’s FAS plans to close 120 locations through 2017, including 35 this year.
ecommerce
China to Allow Foreign Ownership of Ecommerce Firms
China announced it will allow full foreign ownership of ecommerce firms in Shanghai’s free trade zone. See how regulatory changes have made it easier for retailers and brands to enter the Chinese market.
O+F Advisor Distribution Center Roundup, March 4, 2015
A listing of some recently announced direct-to-customer distribution center expansions, additions and closures.
Free Shipping and Flexibility are Key Global Ecommerce Drivers
Convenience, flexible delivery and payment options continue influence online consumers worldwide, says a new study conducted by comScore on behalf of UPS.
The Mobile First Era
Today, mobile is growing three times the rate of overall ecommerce with consumers increasingly reaching for their smartphones instead of their computers. See what shopping habits consumers are adopting today.
Macys Beats on Earnings, Says Impacts of West Coast Port Issues are Ongoing
Macys’ inventory levels continue to be negatively impacted as a result of protracted labor issues that tied up shipments at 29 West Coast ports for months.
Dimensional Weight Pricing Is Here and Businesses are Seeing Red
Business owners are seeing the cost impact of new dimensional weight pricing from FedEx and UPS and exploring their options.
Ace Hardware Rolls Out Same-Day Delivery Test
Ace Hardware has begun a same-day delivery pilot via its own associates at 33 stores in Florida, Illinois, Colorado, Maryland, Texas and Arizona.
New Nordstrom Facility Gets Half its Customers Within Two-Day Window
Nordstrom plans to open a third ecommerce fulfillment center in Pennsylvania that will put half of its customers within reach of two-day ground delivery.
Walmart Plans Heavy Investment in Ecommerce
Walmart plans to invest at least $1.2 billion in its digital and ecommerce business the year ahead. See what other ecommerce initiatives have planned.