The United States Department of Commerce reported this morning that eCommerce in the U.S. continued to see growth in the third quarter of 2016. Total online sales grew 15.6 percent in the third quarter year over year. Online sales reached a total $93.67 billion. Though the growth...
Last month, Google shopping took another step forward when the company bought San Francisco shopping search startup Undecidable Labs under the radar. The deal has all been very hush-hush, but here’s what we know. The startup basically aims to turn online searches into purchases. This acquisition...
Is Overstock an overvalued stock? In a recent column featured in Forbes, the thinking goes that online retail has managed to disrupt the lives of many a brick-and-mortar retailer. There’s another existential threat here, as online retailers must grapple with other online retailers. The 800-pound gorilla in the...
Kenneth Cole Productions is gearing up to close nearly all of its retail stores during the course of the next six months. According to a report in Bloomberg, Kenneth Cole CEO Marc Schneider confirmed in an email to Bloomberg that it will close its 63...
Singles’ Day used to be about young Chinese singles celebrating an anti-Valentine’s Day, but since 2009, it has become big business for Alibaba, particularly this year. That’s because the Chinese eCommerce giant said late last week it blew past its Singles’ Day shopping record, reporting...
Online retailer Nasty Gal, which was founded 10 years ago by entrepreneur and author Sophia Amoruso, is expected to file for Chapter 11 bankruptcy protection. Although it’s been a tough two years for the onetime eCommerce darling, the bankruptcy news may still come as a...
WBR Digital and eTail just released a new benchmarking report on retail omnichannel adoption. The report is based on the responses of 98 executives from multiple sectors — specialty retail, stand apparel, high-end fashion and more — who are all leaders in either multichannel, pure-play,...
With holiday shopping in full swing, online retailer Zappos is automatically adjusting prices to match online competitors in order to draw in shoppers. The company plans to offer the price matching promotion on select products through Nov. 20, but there’s a chance it could be...
There’s no question that Walmart’s e-store and Amazon are going toe-to-toe in the battle of the best retail giant. As the retail space continues to reinvent itself, the rivalry between the two retailers seems to only gain traction. The gloves came out last year when...
