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Borders Group reported a $74.4 million loss Thursday and announced it would test new features and services in a handful of stores as it struggles for profitability in a rapidly transforming industry.
Lululemon's stock has boomed in the past 12 months, but can investors still get in on the action? Laura Champine of Cowen and Co. and Erika Maschmeyer of Robert W. Baird share their views.
Better World Books launched an online bookstore in the United Kingdom with 1 million titles this week. The merchant, a for-profit company that donates part of its proceeds to literacy campaigns, has ambitious plans to expand its roster to 8 million by June.
Adidas-owned shoe brand Rockport plans to start 2011 with a new e-commerce site designed to spur greater customer interaction with the brand. The revamped site from Demandware will feature enhanced customer profiles and will encourage shoppers to post product reviews.
Wal-Mart plans to stop paying associates an extra $1 an hour for working on Sundays starting next year. The move will only affect those hired after Jan. 1, not its current 1.4 million U.S. employees.
Shoppers who use eBay's RedLaser barcode-scanning application on their mobile devices can immediately find out through a single scan which nearby retailers currently have items in stock and who has the best local price. eBay added the local shopping results to RedLaser from Milo, which it recently acquired.
With less than three weeks left in the official holiday shopping season, StrategyOne's Annual Holiday Shopping Index examined the "bricks vs. clicks" divide. It found that 74 percent of Americans feel the easiest way to complete their gift purchases is online, while 87 percent feel that brick-and-mortar stores do a better job of putting them in the holiday spirit.
A recent survey of 2,000 consumer technology users has revealed that nearly half of smartphone users say they have already or soon will use their phones to do mobile shopping.
Customized T-shirts and mugs? So passé. Consumers rounding off holiday shopping are turning to "me-tailing," hyper-personalized everything from artwork and earphones to yoga mats and food.
For the holiday season-to-date, more than $17.5 billion has been spent online, marking a 12 percent increase versus the corresponding days last year. The most recent week saw four individual days eclipse $800 million in spending.