eCommerce

Nordstrom’s second quarter earnings were in line with its expectations. The results come two weeks after the company said it was acquiring Trunk Club, a men’s personalized clothing service, for $350 million.

Profit for the quarter remained flat compared to last year’s second quarter at $183 million. Net sales for the quarter were $3.3 billion, a 6.2% increase from $3.1 billion in the prior-year quarter. Comparable sales increased 3.3%.

Bentonville, Ark. – Consolidated net income at Wal-Mart Stores Inc. grew 0.6% to $4.1 billion in the second quarter of fiscal 2014 from $4.07 billion in the second quarter of fiscal 2013, with factors including incremental e-commerce investments and healthcare costs dampening profit growth. Wal-Mart cut its profit forecast for the full year as a result.

Overall second quarter performance at Wal-Mart was sluggish. Net sales rose 3% to $119.3 billion from $116.1 billion. Currency exchange rate fluctuations negatively impacted net sales performance.

Los Angeles - The Canadian market offers an opportunity for U.S. retailers to expand and to gain experience operating in an international market. According to a new study from market research firm IbisWorld, the U.S. retail segment best suited for expansion into Canada is department stores, followed by men’s clothing stores.

Walmart U.S. president and CEO Greg Foran, just six days into his new job when Walmart reported second quarter results, shared some general and familiar insights on driving growth.

Framingham, Mass. - Staples Advantage, the business-to-business division of Staples, has launched a Technology Recycling Service. The program, offered in partnership with Electronic Recyclers International Inc. (ERI) allows businesses of all sizes to recycle large volumes of electronics in a secure manner.

Staples Advantage’s new program allows businesses to recycle equipment – from cell phones and keyboards to telecom equipment and multi-function devices – via three steps:

1. Order recycling boxes online.

BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has expanded its San Francisco office with several new hires.

The company has named Sonny Singh as its chief commercial officer to oversee all sales operations. With more than 15 years of experience in helping to grow tech companies, Singh will be responsible for increasing BitPay’s customer base of more than 40,000 merchants.
 

Seattle -- Just two weeks after announcing its $350-million acquisition of men’s personalized clothing service Trunk Club, Nordstrom Inc. reported second-quarter earnings and sales in line with Wall Street projections.

Profit for the quarter was flat at $183 million, and sales climbed 6.2% to $3.3 billion, from $3.1 billion last year. Same-store sales rose a respectable 3.3%.

Staples Advantage, the business to business division of Staples, has launched a Technology Recycling Service, so businesses can recycle old electronics.

The program, offered in partnership with Electronic Recyclers International (ERI) allows businesses of all sizes to recycle large volumes of electronics conveniently, responsibly and in a secure manner, the company said.