We look at where Walmart is today, where it's going in-store and online, and how it's doing in the digital battle to defend itself from Amazon. The biggest Walmart news is uber-investor Warren Buffett divesting $900 million of Walmart shares.
We cover who's making mobile retail news in every segment from fashion, fast food and fast mobile retail trucks to fake apps, free mobile payment apps in India and frustrated mobile customers at Starbucks.
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.
We look at what the experts are predicting for 2017 in retail and e-commerce. Steve Rothwell, founder and CTO of Eagle Eye Solutions expects machine learning and data to be important in the new year. Jamie Merrick, head of industry insights at Salesforce Commerce Cloud says it’s all about shoppers and delivery. Patrick Gallagher, chief executive of On the dot says Black Friday delivery patterns will continue throughout the year.
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.
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 ...
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.
We start with a report from eMarketer predicting e-commerce sales of $14 billion in 2016 for the region. Criteo says consumers used smartphones to complete the majority of mobile transactions in every Asia-Pacific market for the first time. Indonesian consumers used smartphones in 83% of transactions.