Forever 21 in Restructuring Talks
Is Forever 21 on its way out the door? The fast-fashion chain is reportedly in talks with potential lenders and restructuring advisors in an effort to turn around the business.
ecommerce
Ulta Beauty Going Cross-Border into Canada
Ulta Beauty will start opening stores in Canada, with plans to establish itself as a global brand. Here is a look at what the move to Canada means for the company’s plans for global expansion.
Pace of Demand for Ecommerce Fulfillment Center Space Slowing
After years of hyper growth, demand for industrial space, especially ecommerce fulfillment centers, will slow between now and 2023 as supply has caught up, according to a new report from the Deloitte Center for Financial Services. The availability rate of industrial space is projected to rise from 7% in 2018 to 10.3% percent in 2023.
The Need for Speed on Your Ecommerce Website
Website load time statistics show through various reports that if the average page load time exceeds three seconds, abandonment rates will go higher. High bounce rates tell search engines that visitors don’t find the website useful, which affects the ranking directly. Here is a look at how speed and load times can impact sales, conversions, search rankings and customer satisfaction.
The Big Pivot: Why Is Everybody Chasing Amazon?
Is emulating Amazon enough to succeed? No, because very few companies have the resources. For most, winning the war means quietly striking partnerships and collaboration initiatives with competitors that were once unthinkable. At the center of these initiatives are new collaboration brokers, enabling product innovation at scale.
5 Ways AI Creates a Personalized Digital Experience
Artificial intelligence (AI) has become one of the most talked about technologies in the retail sector. Here are five ways AI creates a personalized digital experience for customers.
Expanding Your Ecommerce Marketplace Presence: Where to Next?
The top 75 ecommerce marketplaces sold $1.55 trillion in goods in 2017, with marketplaces overall representing 50% of global ecommerce sales. So it’s the perfect time for merchants who have already mastered Amazon and eBay to consider other marketplaces. Join Multichannel Merchant and ChannelAdvisor for a live webinar on June 5 at 1 p.m. (EST) to learn all about marketplace expansion
Dick’s Sporting Goods Reports 15% Ecommerce Growth in Q1
Dick’s Sporting Goods saw a strong first quarter in ecommerce, reporting a 15% increase in online sales. The company said ecommerce represented about 13% of total net sales, up from 11% in the first quarter of 2018.
Fulfillment Helps Target Drive 42% Q1 Ecommerce Growth
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.
Walmart Sees 37% Sales Growth in Ecommerce in Q1
Walmart reported 37% growth in ecommerce sales in the first quarter, with online grocery, 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%.