Our retail news roundup offers a reality check for bricks and mortar stores and some optimism on the horizon for retail innovators including Lowe's, Walmart, Amazon and restaurants Epic Burger and Dinosaur BBQ.
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 ...