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eCommerce

  • NRF urges Congress to restore trade promotion authority

    The National Retail Federation is calling on Congress to pass Trade Promotion Authority legislation, which Congress is expected to debate this week.

  • Amazon.com opens 2nd N.J. fulfillment center

    Amazon.com is looking to facilitate its same-day deliveries in the New York City area by opening another 1 million-square-foot fulfillment center in New Jersey.

  • Bonobos founder shifts to chairman, hires Coach exec as CEO

    New York -- Andy Dunn, the founder of the hot online menswear retailer Bonobos, is transitioning from CEO to executive chairman. Dunn, who founded the company in 2007, has named retail veteran Francine Della Badia to serve as CEO starting June 1.

    Della Badia most recently served as president of North American retail at Coach, leaving in February. She also held positions with Victoria’s Secret, J.Crew and Gap Inc.

  • Study: Subscription retailers lead in average orders per year

    New York – Subscription retailers outpace e-commerce retailers and flash sale businesses by a long shot when it comes to a customer’s average numbers of orders in the span of a year. According to analysis of more than 10 million orders from 2.5 million unique customers by Retention Science, subscription retailers average 7.68 orders per customer in 12 months.

    In contrast, e-commerce retailers only average 2.36 orders per customer in 12 months, and flash sale retailers only average 1.41 orders in that time span.

  • Wayfair furnishes another strong quarter

    Both first-time and repeat customers were on the rise for Wayfair in the first quarter, suggesting the company is doing what it takes to grow into a powerful player in e-commerce.

  • Old Navy sails ahead as other Gap brands sink

    Surging sales at Old Navy helped Gap Inc. offset sales declines at its namesake division and its Banana Republic stores in the first quarter.

    Gap Inc. reported that for the first quarter of fiscal 2015, Gap Inc.’s net sales decreased 3% to $3.66 billion compared with $3.77 billion for the first quarter last year.

  • Alibaba acquires 9.3% stake in Zulily

    Seattle – Chinese e-commerce company Alibaba Holding Group Ltd. has disclosed it holds a 9.3% stake in online retailer Zulily. Alibaba has purchased about 4.8 million class A shares for $56 million. This represents about 17% of Zulily’s Class A stock.

  • Alibaba buys 9% stake in Zulily

    Alibaba Holding Group Ltd. went on a buying spree at Zulily this month, but the Chinese Internet retailer wasn't buying baby shoes.

    Alibaba purchased about 4.8 million class A shares in Zulily, about 17% of Zulily’s Class A stock. The stake, valued at more than $150 million, was disclosed in a securities filing that showed Alibaba this month spent $56 million buying Zulily stock as the U.S. company’s shares plunged following a disappointing earnings report.

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