eCommerce

Los Angeles -- More than half (63%) of U.S. online shoppers are not familiar with Chinese e-commerce giant Alibaba.com, according to a survey by Bizrate Insights, a division of Connexity (formerly Shopzilla).

 

Interestingly, respondents not familiar with the Alibaba brand or website skewed toward younger generations and women (who traditionally are the decision makers behind the lion’s share of retail).

 

New York -- The O Alliance, a new consulting firm helping retailers to create circular commerce, announced that it is expanding its senior management team with the appointment of retail industry veteran and multi-channel expert Walter Killough as a managing director. He will be responsible for business development, strategic partnerships and overall day-to-day management of the company.  

San Francisco –- Gap Inc. has approved a new $500 million share repurchase authorization for the company’s common stock, in an effort to return excess cash to shareholders. The new $500 million repurchase program for Gap’s stock follows the company’s previous $1 billion share repurchase program.   

Wilmington, Del. -- Total online Thanksgiving Day sales will top the $1 billion mark this year for the first time ever, increasing year-over at least 23.4%, with most purchases made after 6 p.m., according to BestBlackFriday.com, a website providing information regarding holiday sale pricing, shopping tips and news.  

Dublin, Calif. –- Ross Stores opened 20 new Ross Dress for Less and eight new DD’s Discounts stores across 14 different states in September and October.     These new locations are part of the off-price retailer’s plans to add a total of approximately 75 Ross and 20 DD’s Discounts stores during 2014.  

Philadelphia -- Destination Maternity Corp. will expand into Israel through an international franchise agreement with Israeli fashion retail chain H&O Fashion Ltd. (H&O). Through this relationship, Destination Maternity will introduce its Motherhood Maternity, A Pea in the Pod, and Destination Maternity brands into Israel, with the first franchise locations expected to open in spring 2015.    

Washington, D.C. -- The average person celebrating Christmas, Kwanza and/or Hanukkah will spend $804.42, up nearly 5% from 2013’s actual $767.27, according to the National Retail Federation’s 13th annual Holiday Consumer Spending Survey, conducted by Prosper Insights & Analytics. In other results, the average shopper plans to do 44% of their holiday shopping online, the most in the survey’s history.  

New York -- Holiday shopping is going to start early this year, according to the International Council of Shopping Centers’ latest consumer tracking survey. About 35% of consumers have or will have started their holiday shopping by the end of October. Roughly three out of five shoppers will begin shopping by Thanksgiving this year, and by the end of the Thanksgiving weekend 86% will have started making purchases.