The Wall Street Journal reports on the challenges retailers are having and how they're having to offer discounts to keep consumer interest. Prosper Insights & Analytics research shows 25% of consumers bought gifts this year from Amazon, up 10% over last year. Fortune says the use of online promotions by retailers is up 79% this year.
Amazon accounted for 30.9% of all sales from Black Friday to Cyber Monday according to a report from Slice Intelligence. Amazon, Walmart and Best Buy were Black Friday weekend sales winners said Moody's analyst Charlie O'Shea.
Walmart today announced the acquisition of Jet.com for $3.3 billion and sets the scene for a strong competitor for Amazon.com in the US.
US retail is trending slightly positive to the end of 2016 – up by 3.6% according to the National Retail Federation, with e-commerce expected to be up 7%-10%.
As we near the end of the year, it’s an excellent time to take a look at several of the e-commerce and tech innovators having early success in their business. Enjoy these entrepreneurial stories. Imagine watching a video, clicking and buying? Cinematique ...