eCommerce

Purchase, N.Y. – Several major retailers, including Neiman Marcus and Office Depot, have committed to enable MasterPass to provide seamless, secure online transactions for their customers. MasterPass will soon also be available on Blue Nile, Broadway.com, Chegg, Fareportal/CheapO Air, Market America/Shop.com, and Rue La La.

MasterPass enables consumers to pay with any enrolled payment card, anywhere online or in app, using any device and eliminates the need to enter detailed payment and shipping information with every purchase.

New York -- Jones New York announced that it will close its 127 outlet stores and discontinue its wholesale business over the course of 2015.

The company said that it made the decision after a review of recent performance and outlook. Jones also said it will pursue strategic alternatives for the brand, which has long been a staple in mid-priced department stores. Its appeal, however, faded in recent years as department stores expanded their private label offerings.  

New York -- Amazon reported higher-than-expected profit for its fourth quarter, fueled by growth of its Prime memberships and holiday shoppers, even as its sales came in below forecasts. It’s a reverse for the e-commerce giant, which has typically sacrificed profits for rapidly-growing sales.

For the fourth quarter, net income totaled $214 million, down from $239 million in the year-ago period, but better than analysts had expected. Sales rose 15% to $29.3 billion, lower than the expected $29.7 billion.

Like many buzzwords in the industry, from cloud to big data, the term “digital” is evolving. Coining something as “digital” has always implied that it’s better or more advanced than the status quo. Remember when we moved from vinyl to compact discs? CDs had logos on them with the words "Compact disc DIGITAL AUDIO." Digital in this sense was the byword for ease of use, reliability and interference free music.

While the monetary value of Bitcoin has had its ups and downs (and will likely continue to in the near future), the technological value and the transactional advantages of using the digital currency remain reliable and increasingly promising.

It may be hard to believe (considering its financial troubles), but Sears was the most popular U.S. department store on Facebook during the 2014 holiday shopping season, according to a new study. 

The data also show that Walmart.com was the most popular mass merchant store site.

CSA Editor Marianne Wilson interviews Junction Solutions' Industry Principal, Retail, Brion Reusche, at NRF's Big Show 2015.

Walmart shoppers who read Harlequin novels and who also have a fondness for bull riders are in for a treat.