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Top e-commerce trends that will impact retail in 2017
Absolunet has released its list of the top 10 e-commerce trends that will impact North American retailers in 2017. The e-commerce agency noted that the impact of the trends will be felt online and in stores, and by retailers and consumers alike. Here is Absolunet’s top 10 list: 1. The end of Black Friday and Cyber Monday: Tech–savvy merchants are replacing Black Friday and Cyber Monday with Cyber November;
Dick’s Sporting Goods tops Q3 estimates but gives weak guidance
Dick's Sporting Goods Inc. on Tuesday reported better-than-expected sales and earnings for its fiscal third quarter but tempered its good news with a weak outlook for the fourth quarter. Dick’s posted net income of $48.9 million for the quarter ended Oct. 31, up from $47.2 million in the year-ago period. On a per-share basis, the Coraopolis, Pennsylvania-based company said it had profit of 44 cents. Earnings, adjusted for non-recurring costs, were 48 cents per share.

Tips for Success in a ‘Free Shipping’ Environment

Here’s a daunting statistic: The value of merchandise ordered via same-day delivery is expected to exceed $4 billion by 2018 — it was $100 million in 2014. The big reason for this jump is the grueling pace set by Amazon Prime Now, which offers two-hour delivery for consumers in 27 US markets and counting.
Retail sales surge in October

In a good omen for the upcoming holiday season, consumers spent more than expected in October, as U.S. sales rose more than expected. Retail sales increased by 0.9% over September and grew 2.2% on a year-over-year basis, according to the National Retail Federation. The calculations excluded automobiles, gasoline stations and restaurants.
Home furnishings giant’s distribution center going solar

Ikea continues to expand its use of renewable energy. The retailer plans to install the largest rooftop solar array in the state on Illinois on its distribution center in Joliet.
Finish Line exploring alternatives for its specialty banner

It’s official: The Finish Line considering selling its specialty running store chain. The company announced that it is currently exploring strategic alternatives for its JackRabbit division (previously known as Running Specialty Group). The segment includes 70 specialty running stores in 17 states, such as Brooks, ASICS and Hoka One One.
Home Depot beats Street in Q3

The Home Depot on Tuesday reported sales and earnings for its third quarter that exceeded forecasts. The world’s largest home improvement retailer posted a double-digit increase in earnings during the quarter, which it characterized as a balanced across-the-board period of growth. Net sales jumped 6.1% to $23.2 billion, compared to $21.8 billion in the same quarter last year. Comparable-store sales in the U.S. increased 5.9%.
Nine takeaways from Home Depot's earnings

There was a lot for Home Depot executives to like about the company’s third-quarter performance. The company reported sales growth of 6.1% and net earnings growth of 14.1%. Beyond the numbers, here are some of the key takeaways form the company’s presentation to investors. • Digital growth
Apparel giant taps former Dick’s Sporting Goods exec as finance chief

Gap Inc. has appointed Teri List-Stoll as executive VP and CFO, effective January 17, 2017. List-Stoll will succeed Sabrina Simmons, whose departure was previously announced. Simmons will shift into an advisory role through the end of the company’s fiscal year. Most recently, List-Stoll held the position of executive VP and CFO for Dick’s Sporting Goods. She left Dick’s in August 2016.
Regency Centers, Equity One merge in $15 billion deal

Regency Centers, a major player in grocery-anchored centers with 307 properties, and Equity One, owner of 98 retail properties, have signed an agreement to merge. Regency will continue as the surviving public company and, it claims, assume the position as the largest shopping center real estate investment trust. The combined company is expected to have a total market capitalization of approximately $15.6 billion.