Data & Analytics

The more than 2 million sellers who comprise the Amazon Marketplace sold more than 2 billion items worldwide in 2014, as more and more businesses relied on the retail giant’s fulfillment capabilities.

Marketplace transactions accounted for 40 percent of all products sold through the retail giant last year, the company announced. Also, the number of items sold by Marketplace sellers doubled from 2013 even though the number of Amazon sellers remained the same.

Santa Clara, Calif. - Intel Corp. has made a $24.8 million investment into Vuzix Corp., a provider of  wearable display technology video eyewear and smart glasses products in the consumer, commercial and entertainment markets. Vuzix is focused on next-generation optics and displays that have the potential to fit in fashion-based wearable glasses.  

Intel's investment will be used for general working capital to accelerate the introduction of Vuzix next generation fashion-based wearable display products into the consumer market.

Austin, Texas -- Epicor Software Corporation announced that it has completed its acquisition of privately held ShopVisible, a provider of cloud retail order management and digital commerce solutions.

Just six months after being named chairman and CEO of Target, Brian Cornell is pulling the plug on the retailer’s 133 unit Canadian operation and will incur a $5.4 billion pre-tax loss in the fourth quarter to do so.

Target said it plans to discontinue operating stores in Canada through its indirect wholly-owned subsidiary, Target Canada Co. and that it had filed an application for protection under the Companies’ Creditors Arrangement Act (the “CCAA”) with the Ontario Superior Court of Justice in Toronto.

Retailers set more online sales records this holiday season and that means UPS will be busy in early January.

UPS is projecting its highest volume for return activity will be Jan. 6 when the carrier expects consumers will ship more than 800,000 packages back to retailers and merchants. By the end of the first full week of January, return volume is expected to total roughly four million packages.

Washington, D.C. – Consumers research a purchase heavily online prior to making a purchase. According to a new study from business mentoring firm Score, almost all (97%) consumers search online for products and services.  

Lebanon, Tenn. – Cracker Barrel Old Country Store is taking a decidedly new-fangled approach to promotion. The casual dining chain has enlisted Nashville-based advertising agency Redpepper to create a holiday-themed social marketing campaign.   The promotion targets a younger, more social demographic with Facebook posts. Some posts in the campaign have received more than 10,000 interactions.

By Gregg Aamoth, POPcodes