Mobile commerce fraud is costing retailers an average of 3 percent of their total revenues, and the faster m-commerce grows, the more fraud will cost, according to a study released Thursday (Feb. 5). The study of 250 enterprises with revenues that average $2.54 billion also...
In an effort to grow the company’s beauty retail portfolio, Macy’s announced on Feb. 4 that it will purchase beauty business Bluemercury for $210 million in cash, according to The Drum. The transaction is expected to be completed by the end of Macy’s first fiscal quarter...
The number of retailers who offer customers a mobile commerce option has doubled in the past year — but m-commerce fraud is growing even faster, according to a new study from LexisNexis. Meanwhile, the number of m-commerce merchants that let customers bill their purchases to...
Current retailer security for protecting credit card and personal information isn’t strong enough. That’s the takeaway from a Bizrate survey released on Tuesday (Feb. 3) that found 60 percent of consumers said payment security is inadequate at brick-and-mortar stores, websites and mobile commerce sites and...
About a month after they were first announced, the big layoffs at eBay and PayPal have begun. On Monday, eBay and PayPal employees who were losing their jobs as part of the cuts were notified, multiple sources told Re/code. Management is reportedly looking to simplify operations...
In an attempt to shore up its emerging brick-and-mortar business, Amazon.com Inc. is in talks about acquiring some RadioShack Corp. locations after the electronics chain files for bankruptcy, two people with knowledge of the matter said according to Bloomberg. RadioShack stores have been considered potentially...
Online retailers don’t even have brick-and-mortar stores, but Storm Juno still managed to blow their doors off. The winter storm that overtook a large part of New England last Tuesday (Jan. 27) cost online retailers $35 million due to power outages, overrun cellular networks and...
The “likes” have it: Walmart and Sears were the most popular store sites on Facebook during the 2014 holiday season. According to a study by Searchmetrics of nine top U.S. department stores and three mass merchant stores sites linking to the social media juggernaut, Sears...
The quickest way to describe the difference between cooking and baking is as follows – cooking is in art, but baking is all science. Chefs known for instinctively adjusting their recipes and never making the same meal twice run five star Michelin restaurants. Bakers known...
