eCommerce

GameStop is joining Staples in what could be new trend this year of retailers just saying no to opening on Thanksgiving Day.

GameStop announced Monday that its stores will be closed for the Thanksgiving holiday. GameStop’s other brands such as Spring Mobile, Simply Mac, Cricket Wireless stores, and the new ThinkGeek retail store will also be closed on Thanksgiving Day.

Physical credit cards may be going the way of DVDs and floppy disks.

According to new analysis from Bankrate.com cited by PayPal, 63% of millennials do not have a credit card. However, that does not mean they are abandoning credit-based purchases.

Millennials are now the fastest growing segment of PayPal Credit shoppers, rising to 33% of the total in 2015 up from 28% in 2013. Rather than shunning credit altogether, this influential group is turning to alternative credit services to help manage their finances.

Photo: Steve Bratspies

Online fashion retailer ModCloth removed the “plus size” section from its site, opting to mix the items in with its regularly-sized items for a more “inclusive” shopping experience, Today.com reported. Company co-founder Susan Gregg Koger said, “as we think about a potentially permanent shop, we know we're not going to have a separate plus-size section.”

After more than two decades in top finance roles at Walmart, Charles Holley, 59, is stepping down as CFO at the world’s largest retailer.

Succeeding Holley will be Brett Biggs, a well-rounded finance executive who joined Walmart in 2000 and has held key roles in each of the retailer’s divisions.

There’s an artsy home linens player in town, and comes complete with a French accent.

French home décor and lifestyle brand Madura, best known for its artful and colorful decorative pillows, has opened a flagship in New York City’s Flatiron neighborhood. It’s the opening salvo in the family-run company’s expansion efforts in the United States.

When Macy’s announced in early September that it planned to close between 35 and 40 underperforming stores, the move certainly made headlines. Unfortunately for Macy’s, it also made sense. Because, as most analysts and industry observers can attest, it only reaffirmed a storyline that has been developing for many years now: department stores are in trouble.

The retail revolution may not be televised, but it will be digitized.

The new Q3 E-commerce Pulse from predictive analytics platform provider Custora shows that e-commerce revenue grew a healthy 11.8% year-over-year in third quarter 2015. E-commerce transactions rose an almost identical 11.6%.

Mobile continued to grow in significance as a channel for e-commerce in the quarter. Phones and tablets made up a combined 28.7% of e-commerce transactions, up from 23.1% of orders during the same time the prior year.