Which retailers will be most successful and who will struggle to compete online and in-store during the 2017 holiday season?
PaymentsNEXT's retail news roundup includes the latest news and developments from Ivanka Trump, Dollar General, Walmart, Amazon, Macy's and more.
Fresh into the New Year, we have a few 2016 retail reflections and a look at what's ahead in retail in 2017. Adobe said final year-end US e-commerce sales hit $91.7 billion, up 11% over 2015 and comprised 9% of $1 trillion in total retail sales.
Writing in Fortune, Phil Wahba expects to see desperate department stores and anxious retailers as he looks at prospects for Macy's, Gap, Target, Walmart, Barnes & Noble and more. Edwin Choi of CellularOutfitter shares his predictions for e-commerce in the new year including: customer personalization, mobile video consumption, cross channel marketing and Snapchat marketing.
Cyber Monday set a new US sales record reaching $3.45 billion, up 12.1% compared to 2015. Most popular items sold on Monday? Sony PlayStation and Apple iPad, while at Walmart it was the Samsung 55″ HDTV and Barbie’s Dreamhouse. Amazon sold ...
Preliminary results are in for Black Friday sales and online hit a record $3.34 billion in sales, according to Adobe Digital Insights. Black Friday sales soared by 21.6% but some e-commerce websites, including Macy’s, were down briefly causing consumer frustration and lost ...
Amazon's US deals launched Wednesday featuring a long list of planned discounts and will end just prior to Christmas in the US. A CNN news video highlighted several interesting facts: each Amazon fulfillment center holds 15 million items; orders travel eight miles of conveyor belts; packages get less than one minute of human contact.
Dick's Sporting Goods absorbs Golfsmith, 60 US stores will close. Watch and accessories retailer Fossil will close some of its 610 international stores the numbers have not yet been released. Office Depot continues plans to close 300 stores over five years including 65 in 2016 Q4. American Apparel may be planning a second bankruptcy after missing a $2.5 million payment to creditors. Performance Sports Group, maker of Bauer hockey and Easton baseball gear, announced bankruptcy plans.
US mobile commerce is growing fast and Astound Commerce expects it to reach 33% of online sales or $130.92 billion. According to L2 Intelligence Report – Mobile retailers are under-investing in mobile to date even though 85% of global smartphone owners have used a smartphone to shop inside a bricks and mortar store.
It’s time for a quick update on US retail news, trends and innovations. There are lots going on from apps and Amazon to e-commerce results and holiday sales projections. So let’s get started. What’s ahead for holiday shopping this year? ...