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eCommerce

  • Here’s a feel good story about … Amazon!

    Amazon is lending its considerable logistics expertise to a major food bank in New Jersey.

    The Internet giant sent three logistics experts to tour the Community FoodBank’s 285,000-sq.-ft. warehouse in Hillside, New Jersey, and suggested ways the agency can run more efficiently, NJ Advance Media reported.

  • Wayfair brings products into consumers’ home — virtually

    Customers of Wayfair Inc. no longer have to guess how items will look in their own personal spaces.

    The online home furnishings and decor retailer has launched WayfairView, its new augmented reality (AR) smartphone application. Developed by Wayfair Next, the company’s in-house research and development team, the app, using Google technology, allows shoppers to visualize furniture and décor in their homes at full-scale before they make a purchase.

  • Ralph Lauren poaches Coach, Amazon execs as part of turnaround

    Days after announcing its “Way Forward Plan” reorganizational plan, Ralph Lauren Corp. named three new senior executives who will help oversee it.  
  • Will this be the next big store brand from Williams Sonoma?

    A retailer that specializes in reproductions of classic lighting products and house parts is quietly expanding under the ownership of Williams-Sonoma.   
  • Good news for premium malls, lifestyle centers

    High-quality malls and lifestyle centers are best positioned to capitalize on the shift toward experience-based spending.    That’s according to a new study by the research arm of MetLife Investment Management (MIM), which finds that millennials’ preference for acquiring experiences and memories over material goods will play a significant role in determining which retail formats will outperform in the future.   
  • Study: The ins and outs of online shopping

    E-commerce is generally popular with consumers, but some offerings are better received than others.
     
    According to the Walker Sands 2016 Future of Retail Study, based on a survey of more than 1,400 U.S. respondents, most consumers shop online with some level of frequency. Forty percent shop online once or more a month, 21% one- to two-times a week, and 7% three or more times a week. This means that about two-thirds (68%) shop online at least monthly, while only 4% shop online one- to three-times a year.
     

  • Commentary: CurrentC failure was easy to predict

    Merchant Commerce Exchange (MCX), the retailer consortium that formed to create a rival mobile payment service to Apple Pay, is pulling the plug on pilot tests of its CurrentC app. MCX also announced layoffs in May 2016 and despite public claims to the contrary, appears to be shelving CurrentC permanently.

    According to Jason Del Rey of Re/Code, this outcome was never in doubt.
     

  • Francesca’s profits stay above expectations; will open new stores

    Francesca’s Holdings Corp. saw net income decline, but still beat Wall Street predictions, in the first quarter of fiscal 2016.
     
    The specialty apparel retailer reported net income of $7/08 million, down 2% from $7.24 million the same quarter a year earlier. Higher selling, general and administrative (S,G&A) expenses offset improvements in gross profit.
     

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