Postmaster General Says USPS in Midst of Financial Disaster
Postmaster General Patrick R. Donahoe told a U.S. Senate committee that the U.S. Postal Service is in the midst of a financial disaster and that its cash liquidity remains dangerously low.
Executive
Getting a Handle on Shopping Cart Abandonment
Shopping cart abandonment remains a major challenge for merchants, with the average online shopping cart abandonment rate at 75%. But that doesn’t mean you can’t win a cart abandoner back and convert him into a buyer.
Stritzke Named President and CEO of REI
Outdoor apparel and gear retailer, REI, has named Jerry Stritzke as the company’s president and CEO following an extensive national search. Prior to joining REI, Stritzke was the president and COO at Coach but resigned on September 2.
Pet Product Merchants Differentiate Themselves to Succeed
Pet products merchants Ruffwear, Dog is Good, Pet Lifestyle And You and Pup-Pee Solutions have found ways to differentiate themselves and succeed in business. Here’s what these four merchants are doing to differentiate themselves in the crowded pet products category.
Fifth & Pacific Sees 13.4% Net Sales Increase
Fifth & Pacific, which includes clothing and lifestyle brands such as Juicy Couture, Kate Spade, and Lucky Brand, released it’s second quarter financials which showed a net sale increase of $45 million.
Amazon Creates 5,000 New Fulfillment Jobs
Amazon announced on July 29 that it is creating more than 5,000 new full-time jobs in its U.S. fulfillment network to meet growing customer demand. Fulfillment associates and lead fulfillment associates are being hired at 17 fulfillment centers across 10 states.
7 Tips for Selecting Your Next Ecommerce Platform
With so many choices available, how do you decide which ecommerce platform best suits your company’s needs?
The State of the Marketplace Fairness Act
Organizations that oppose the Marketplace Fairness Act and those who support it have been extremely vocal about their opinions on the subject. Two of the leaders in the industry, eBay and Amazon, fall on opposite sides of the argument.
Office Depot-OfficeMax Merger Approved
OfficeMax stockholders voted to approve the merger and adopt the Agreement and Plan of Merger with Office Depot. Office Depot stockholders voted to approve the issuance of shares of Office Depot common stock to OfficeMax stockholders pursuant to the Agreement and Plan of Merger.
Foot Locker’s Acqusition of Runners Point Group is Official
Foot Locker announced that it has officially acquired German-based specialty athletic retailer Runners Point Group. The acquisition of Runners Point Group represents a significant addition to Foot Locker’s European footprint, where it already operates more than 600 Foot Locker stores and had revenue of more than $1 billion in 2012.