aggregatedcontent
July 23, 2015 at 2:34 pm
Neiman Marcus is embracing the resale business with online luxury consignment retailer The RealReal. Knowing that customers are already raising money in their closets, the Dallas-based luxury retailer wants to be a facilitator. The two companies are putting their know-how together to encourage customers to shop at Neiman Marcus and then earn Neiman Marcus gift…
July 23, 2015 at 2:25 pm
Wal-Mart is increasing its efforts in China’s e-commerce space after the world’s largest retailer took full ownership of Yihaodian, its online retail business in the country. The U.S. retailer is buying up the remaining 49 percent stake in Yihaodian, a lesser rival to U.S.-listed duo Alibaba and JD.com, from financial services group Ping An of…
July 23, 2015 at 2:20 pm
Two skeptical T.J. Maxx customers looked into the retailer's signature "compare at" price tags and found that the retailer basically guesses at what each item might go for at full retail and marks that as the comparable price for each discount item it sells. Law360 reports that they're now suing the company in California federal…
July 22, 2015 at 2:43 pm
Macy's is expanding same-day delivery to several new U.S. markets this summer, one of the most aggressive pushes by a brick-and-mortar retailer in an area dominated by e-commerce giant Amazon.com, according to a Macy's official. Macy's, the nation's largest department store chain, already offers same-day delivery services in eight markets. By partnering with Deliv, an…
July 22, 2015 at 2:32 pm
While paid search and email marketing still top retailers’ list of effective customer acquisition channels, social media has moved up the ranks to become an important tool for engaging with and attracting new customers. According to the State of Retailing Online 2015, conducted by Shop.org, Forrester Research Inc. and Bizrate Insights, 25 percent of retailers…
July 22, 2015 at 2:25 pm
Several former executives of Jos. A. Bank Clothiers Inc. plan to launch a retail brand that will be based in Maryland and sell classically styled men's apparel for business professionals. Plans call for menswear retailer Wilkes & Riley to open online in November and expand with stores, most likely after the first couple of years,…
July 22, 2015 at 2:17 pm
Jet.com burst out of the gate on Tuesday with its online sales model that could threaten Amazon.com and other e-commerce vendors. But the company, with far less fanfare, is also launching with a relatively new — albeit not entirely — model of employee compensation. Jet.com employees’ salaries are pre-set based on their position, CEO Marc…
July 22, 2015 at 2:04 pm
Home Depot said Wednesday that it agreed to acquire Jacksonville, Fla.-based Interline Brands Inc., a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products, for $1.625 billion in cash, subject to customary adjustments. The acquisition has been approved by the shareholders of Interline. It is expected to be completed during The…
July 21, 2015 at 2:02 pm
E-commerce giant eBay has acquired secondhand clothing seller startup Twice, Re/code reported Monday. Twice, one of Inc. Magazine’s 30 under 30 companies this year, allows sellers to ship a box of clean used clothes to the company. Twice offers a single price for the entire contents of the box and if the sellers accept, the…
July 21, 2015 at 2:00 pm
Costco Wholesale, Sam's Club and a handful of other large retailers have disabled their online photo printing stores in recent days, on concerns about a possible data breach at PNI Digital Media, which manages and/or hosts photo services sites.
