eCommerce

Bed Bath & Beyond has entered a new phase in its growth trajectory, becoming more aggressive in returning cash to shareholders and initiating a quarterly dividend as opposed to fueling top-line growth with rapid store expansion.

Digital computer and electronics retailer Newegg wants to engage customers wherever they are, including on one of the world’s most popular social messaging apps.

Newegg will begin using Facebook Messenger to provide customer support. The e-tailer currently offers customer support options via email, SMS text message, phone and chat. Giving customers the ability to engage with Newegg’s customer support representatives via Messenger is an important asset to add to the company’s mobile strategy, according to executives.

Rite Aid on Friday reported revenues of $8.3 billion for its fourth quarter ended Feb. 27, representing an increase of 20.8%. Retail Pharmacy Segment revenues were $6.8 billion and decreased 0.3% compared to the prior year period primarily as a result of a decrease in same-store sales. Pharmacy Services Segment revenues were $1.5 billion.
 

Retailers using the BigCommerce e-commerce platform will soon have access to a vastly expanded consumer base.

eBay and BigCommerce are launching a strategic relationship to enable BigCommerce merchants to seamlessly list their products and manage their inventory on the eBay marketplace. BigCommerce customers will have access and exposure to more than 162 million global active eBay buyers, who will be able to shop from an expanded product and seller assortment.

Swedish retailer H&M will opens its 4,000th store as its expands its global footprint and ramps up e-commerce in 2016.

The company plans to open a total of 425 new stores this year, and expand its e-commerce efforts to Japan and 10 additional markets.

The global retailer disclosed its aggressive physical and digital growth plans with the release of financial results for the period ended Feb. 29, which were negatively affected by the strong U.S. dollar.

Thrive Market, a fast-growing fee-based online retailer that sells organic groceries, is expanding. According to TechCrunch, the company offers members wholesale prices and two-day shipping for $1.95 per order, or free for orders of more than $49. To read more, click here.

A total of 425 new H&M stores are slated to open this year, including the new market of Puerto Rico, and the fast fashion retailer also will expand its e-commerce efforts to Japan and 10 additional markets.

The global retailer disclosed its aggressive physical and digital growth plans with the release of financial results for the period ended Feb. 29, which were negatively affected by the strong U.S. dollar. H&M is based in Stockholm, Sweden.

Amazon continues to elevate customer expectations throughout the retail industry with its latest move involving the availability of free same-day delivery service in 11 new markets.