eCommerce

San Jose, Calif. – The upcoming spinoff of its PayPal unit may not be the only deal eBay Inc. has in the works.

According to Reuters, eBay is in advanced talks with private equity firm Thomas H. Lee Partners LP to acquire eBay’s enterprise business for close to $1 billion.

The private equity firms that paid a premium to take Michaels private nearly a decade ago continue to gradually unwind their majority position in the nation’s largest arts and crafts retailer.

New York - American Eagle Outfitters is getting “extreme” with a new omnichannel sweepstakes it is running in stores nationwide and online from July 11 through July 22.

The specialty apparel chain is partnering with World Freerunning & Parkour Federation athletes Gaeton Boullett, Max Henry, Paul Joseph and Tim Burton to promote its Denim X and Flex denim products.

Chain Store Age recently published a list of the top 10 most-read stories of the first half of 2015, and eight are directly focused on brick-and-mortar stores. This is no great surprise because even as retail and society and general enter a true “Digital Age,” physical stores remain as crucial as they were in the pre-industrial era.

Here are three reasons that brick-and-mortar stores are still a vital part of any retailer’s omnichannel strategy.

San Francisco – Never mind Gen Y, the millennial generation that roughly ends with young consumers born in 2000.

Williams-Sonoma tween and tween banner PBteen is targeting the post-2000 “Gen Z” audience with an original six-episode Web series called “Revved Up Rooms.”

Headwinds from fuel price fluctuations and currency exchange rates lessened for Costco in June as the retailer posted a bump in same store sales.

The warehouse club reported net sales of $11.01 billion for the month of June, the five weeks ended July 5, an increase of 1% from $10.88 billion during the similar period last year. Same store sales, excluding the negative impacts from gasoline price deflation and foreign exchange, were 6%. 

Minneapolis -- Target Corp. is putting a spotlight on how the “Internet of Things“(IoT) will transform consumers’ homes and lives.

The company has opened an experimental space that provides an upfront and personal look at how the IoT can connects everyday items like thermostats and door locks. The move follows the opening of Sears’s “Connected Solutions” flagship in San Bruno, California.

The man who ran European drugstore chain Alliance Boots before its merger last year with Walgreens has agreed to become the top executive of the combined company.