E-Commerce
January 6, 2017 at 11:36 am
Between Nov. 1 and Dec. 31, online sales hit $91.7 billion, up 11 percent from $82.5 billion a year ago, according to a report by Adobe Insights. The 2016 holiday season also broke a major e-commerce record: Cyber Monday became the biggest online shopping day in U.S. history, generating $3.45 billion in online sales, up 12…
January 6, 2017 at 10:43 am
Jet.com, the Amazon.com rival owned by retailing giant Wal-Mart, bought online footwear retailer ShoeBuy for $70 million, the company said Thursday. The move underscores Wal-Mart's continued push against Amazon, owner of online shoe store Zappos. The biggest retailer in the world, Wal-Mart made online expansion its priority last year, acquiring Jet.com for $3.3 billion and setting…
January 5, 2017 at 9:50 am
The rising minimum wage wave has already hit many cities and states, with no plans of slowing down anytime soon. As wage increases become a not-so-distant reality, retailers are beginning to feel the heat. Employers are now challenged to offset wage hikes without losing valued workers. That's easier said than done. While many stores may…
January 3, 2017 at 11:17 am
Members of the rap group Run-DMC are suing Amazon.com and Wal-Mart for $50 million for trademark infringement. The suit, filed last Thursday in federal court in New York, accuses the retailers of manufacturing, marketing and selling products with the group's trademarked name, including glasses, hats, T-shirts and wallets. Run-DMC says in the suit that it…
January 3, 2017 at 11:15 am
In episode 67 of Total Retail Talks, Molly Kang, founder of Floravere, the first direct-to-consumer luxury bridal brand, discusses the story behind the company, how she plans to grow the business and compete with traditional bridal stores, and offers her advice for other entrepreneurs looking to break through in the retail industry.
January 3, 2017 at 9:53 am
The 2016 holiday season was the first year many of us said “Goodbye” to Black Friday and Cyber Monday and “Hello” to Cyber Weekend. Sales reached an unprecedented $7 billion ($3.34 billion-plus on Black Friday and $3.45 billion on Cyber Monday), likely due to the successful improvements retailers have made to their e-commerce experiences. This…
January 3, 2017 at 9:52 am
2016 was quite the year for the retail industry, from mergers and acquisitions to leadership changes, and bankruptcy filings to the presidential election. As we enter the first few days of 2017, we want to take a look back at our top stories from last year (based on number of visitors). Here's a list of Total…
December 30, 2016 at 8:43 am
Amazon has already created one shopping holiday to help boost its bottom line, and now, it has another to debut. Today, Amazon is holding its first-ever one-day blowout sale named “Amazon Digital Day.” The e-commerce giant is discounting over 1,000 digital items across its site to encourage post-holiday spending. The retailer will be selling items…
December 28, 2016 at 11:52 am
Amazon had a record breaking holiday season. According to Forbes, Amazon has declared 2016 its "best ever" holiday season, selling millions of Alexa devices and enough 4K TVs to reach the peak of Mount Everest more than nine times. In addition, the e-commerce Goliath gifted a record setting number of products. The company doesn't typically…
December 22, 2016 at 11:11 am
If you're anybody in the retail industry, you've for sure heard of Sucharita Mulpuru, chief retail strategist with Shoptalk, the retail and e-commerce mega conference that launched in 2016 and has become a major player in the space. Prior to her role at Shoptalk, Sucharita was a principal analyst on Forrester’s eBusiness team, where she…
