Visa reported that Black Friday weekend e-commerce sales across smart phones, tablets and PCs conducted by U.S. Visa accountholders increased 30% to $7.8 billion.
Walmart said that Cyber Monday 2013 was the biggest online sales day in its history.
Paula Price is resigning as executive VP and CFO as Ahold USA.
Investor Engaged Capital LLC has urged Abercrombie & Fitch to start a search for a new chief executive officer and consider selling the company, Bloomberg reported.
Retail Next announced today the acquisition of Nearbuy Systems, a provider of location-based Wi-Fi Analytics solutions for retailers.
Shoppers made Cyber Monday 2013 the biggest online shopping day in history with a 20.6% increase in online sales.
When compared with a baseline shopping period of mid-October of this year, total mobile visits on Thanksgiving and Black Friday increased 93%.
When compared to “Black Weekend” last year, brick-and-mortar retail sales between Thanksgiving and Sunday, Dec. 1 increased 1% as shoppers spent an estimated total of $22.2 billion across the four days.
Cyber Monday sales set a new record at $2.29 billion online, representing 16% year-over-year (YoY) growth.
Ascena Retail Group, parent company of Lane Bryant and Justice, reported net income of $52.6 million in the first quarter of fiscal 2014, a 22% increase from $43.1 million a year earlier.