News

Report: Facebook testing digital stores
Menlo Park, Calif. – Facebook is increasing its buy-in for the high-stakes poker game of social commerce.

According to BuzzFeed, Facebook has begun piloting online storefronts located within the pages of a number of retailers.
Will Amazon buy start-up rival even before it takes off?
Seattle – Amazon.com may be preparing a pre-emptive strike against a rival e-commerce platform before it even officially takes off.

According to CNBC, Piper Jaffray Internet analyst Gene Munster says Amazon s considering a purchase of Jet.com, a subscription-based e-commerce site that is currently in beta and set to officially launch next week.

Munster said that Jet.com does a good job in gamifying the online shopping process and in selling fast-moving consumer goods, two things Amazon has not historically done well.

Online retailer taps former Borders CEO, Staples exec as chief executive

New York — The former head merchant for Staples and former CEO of Borders has been named president and CEO of eBags Inc.

The eBags board of directors appointed Mike Edwards as president, CEO and member of the board of directors effective immediately. He also joins the company as a new investor.

Edwards most recently held the position of executive VP of global merchandising for Staples Inc.
New life for C. Wonder

New York — C. Wonder, which shuttered all its stores and filed Chapter 11 early this year, is getting a second chance—sort of.

Xcel Brands has entered into a definitive agreement to acquire the C. Wonder brand from Burch Acquisition LLC. The deal gives Xcel the rights to thr C. Wonder trademarks, related designs and other intellectual property rights.

The closing of the acquisition is subject to board approval
Nordstrom does Instagram—on the roof

Seattle — Ever wondered what a 15-story-tall Instagram post would look like? Well, thanks to Nordstrom, the wait is over.
Groupon to deliver new service with its newest deal

Chicago – It appears that Groupon will soon be delivering a whole new service to its customers.

The online discount provider has acquired OrderUp, an on-demand online and mobile food ordering and delivery service operating in nearly 40 markets across the United States.

Paired with Groupon’s approximately 25 million active North America customers, the deal creates an online and mobile food ordering marketplace of significant size and scale.
Samsung tests mobile wallet overseas

Seoul, Korea – Samsung is testing a mobile wallet solution, but it may be a while before U.S. consumers get to join in the fun.

The consumer electronics giant announced in a blog posting that Korean consumers can now use a beta version of its Samsung Pay mobile payment application.
ShopRunner expands brands

San Mateo, Calif. — Online membership shopping service ShopRunner is adding some well-known fashion brands to its mix.

ShopRunner has signed new partnership agreements with Alexis Bittar, Alice + Olivia, Bebe, Joie, Kooba and Lucky Brand.
Survey: These two retailers satisfy gas customers

Louisville, Colo. – When it comes to filling their tanks, consumers are most satisfied by two retailers.

Wawa and Costco are the most satisfying gas station/convenience store and wholesale/grocery/big box retailers for fuel, respectively, according to a new survey of 6,935 U.S. consumers by Market Force Information.
Mavericks CEO jumps to Under Armour

Baltimore – An executive from the sports world is moving into the retail arena.

Terdema L. Ussery II has joined Under Armour Inc. as president, global sports categories, effective Sept. 14, 2015. Ussery previously served as the president and CEO of the Dallas Mavericks NBA team for the past 18 years.

In his new position, Ussery will be responsible for spearheading category management across all key brand and business units around the world to drive authenticity and connectivity with consumers.
A new reason for shoppers to head to Mall of America

Mall of America is adding a big experiential retail destination.
Kroger setting the standard for sustainability

Few retailers make as big an impact on the environment as Kroger, but the high performing supermarket chain has made huge progress against sustainability priorities during the past decade and now is ready to take on a new set of goals.

The company released its 2015 Sustainability Report on July 17, which chronicles progress made during the past nine years and establishes new directional priorities.