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Finance & Capital Management

  • eBay enables more commerce in Q3

    Enabled commerce volume at eBay surged 27% in the company’s third quarter with cross border trade showing particular strength, but it wasn’t enough to prevent the company from revising downward its full year outlook.

  • Report: Bank of America says Alibaba tops in e-commerce

    Charlotte, N.C. –- Bank of America has reportedly released a report saying that Chinese e-commerce platform Alibaba Group Holding Ltd. is the leader in global e-commerce, followed by Amazon.com.    According to Benzinga.com, Alibaba currently holds 31% of global e-commerce market share and should grow to capture 33% of global e-commerce market share in 2015.    

  • Boston Retail Partners recommends EMV compliance, tokenization

    Boston –- Between April and June of 2014, the retail sector led all industries in data breaches with 145 million records, or 83% of the total records compromised, costing retailers $195 per record apprehended. In response, Boston Retail Partners has released recommendations for data security best practices.    The recommendations include:  

  • Dunkin’ Donuts plans 40 new Michigan stores

    Canton, Mass. –- Dunkin’ Donuts plans to open 40 new restaurants in Michigan during the next several years, in addition to more than 60 currently operating in the state. The retailer continues to recruit franchise candidates there with an emphasis on Flint, Lansing and Traverse City.    

  • Sears names merchandising exec as acting CEO of Sears Canada

    Hoffman Estates, Ill. – Sears Holdings Corp. has named Ronald D. Boire, executive VP/chief merchandising officer of Sears Full Line Stores and Kmart Format, as acting president and CEO of Sears Canada. Boire will leave his role with Sears Holdings and replaces former Sears Canada CEO Douglas Campbell, who the company previously said would leave his post by the end of 2014.  

  • Walmart slows physical expansion in U.S.

    A much anticipated acceleration of small format Walmart stores failed to materialize on Wednesday when the retailer announced plans to curtail domestic new store growth in 2016.

  • Abercrombie names Ann Taylor Loft exec as Hollister president

    New Albany, Ohio -- Abercrombie & Fitch Co. has named Fran Horowitz to the position of president of its Hollister brand. Horowitz, 51, will report to CEO Mike Jeffries and will have overall responsibility for all product and customer-facing activities for the Hollister brand, and for its financial performance. Horowitz is expected to commence employment with the company on or around Oct. 20, 2014.   

  • Wal-Mart cuts back U.S. supercenter growth; ups e-commerce spending

    Bentonville, Ark. -- Wal-Mart Stores Inc. is planning to sharply cut back the growth of its U.S. supercenters in favor of smaller-format stores and acccelerated e-commerce and digital investments.    
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