E-Commerce
July 23, 2015 at 2:46 pm
Some of us remember those old-time grocery stores from our childhood that accepted only cash. Sometimes not having exact change meant redoing a part of your shopping on a different day or somewhere else. Thankfully, memories of those days are just that. Memories. The digital boom that happened in the last 25 years permeated retail…
July 23, 2015 at 2:41 pm
Fresh off of her victory against Apple Inc., Taylor Swift is taking on an even more ambitious challenge: conquering China. The singer is teaming up with JD.com Inc., the second-largest e-commerce company in China, to sell a new fashion line designed specifically for Chinese shoppers. Dresses, sweatshirts and other tops will be available in August…
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 22, 2015 at 2:32 pm
The highly anticipated Amazon Prime Day has come and gone. The commerce giant took a page out of the Hallmark playbook, manufacturing a holiday on July 15 to drive sales during an otherwise slow time while dangling another carrot for consumers to subscribe to Prime. The day rolled by with mixed reviews. Many shoppers felt…
July 21, 2015 at 2:04 pm
We all know you can’t close a sale every time someone clicks on a "Buy Now" button on your website. There are dozens of studies showing cart abandonment rates in the 65 percent to 80 percent range. Some of those people are just kicking the tires and aren’t going to buy today, but too many…
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 20, 2015 at 2:43 pm
Marc Lore's ambition is as spectacular as his view of the sparkling Manhattan skyline. From new headquarters on the Frank Sinatra side of the Hudson River, the former Quidsi founder's latest venture — Jet.com — plans to take on online shopping's biggest players, from Amazon.com to Wal-Mart. Jet's consumer proposition is as simple as its…
July 17, 2015 at 2:10 pm
After spending more on school supplies and electronics in 2014, parents this year will head into the back-to-school season evaluating what their children really need before spending on new items. According to the National Retail Federation's Back-to-School Spending Survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 plans to…
July 16, 2015 at 3:21 pm
So much for Black Friday. Amazon released a statement Wednesday afternoon — about 14 hours after the launch of its "Prime Day" — saying the 24-hour mega-sale, by at least one measure, had surpassed last year's big day of holiday shopping. "Prime Day peak order rates have already surpassed 2014 Black Friday," Amazon said, adding…
July 16, 2015 at 2:53 pm
Amazon Prime Day, marking the site's 20th birthday, arrived with much fanfare, but it seems like no one's in the mood to party. Making bold claims that it would surpass Black Friday in scope, the e-commerce giant told customers they should literally set their alarms to wake up at midnight for hot deals only available to…
