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  • Amazon: Sellers had ‘record-setting’ year in 2014

    Seattle -- Amazon is not a company to shy away from touting its success. On Monday, the online giant announced that third-party sellers on Amazon Marketplace sold a “record-setting” more than two billion items worldwide in 2014, and that the number of its sellers adopting the Fulfillment by Amazon (FBA) service grew more than 65% year-over-year worldwide.

  • Amazon sellers set a record in 2014

    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.

  • TechBytes: Three Technologies That Will Disrupt Retail in 2015

    Last week, I took a look back at three technologies that disrupted retail in 2014. Now that we are kicking off the first work week of the New Year, it’s time to look ahead at three technologies likely to disrupt retail in 2015.

    Wearables

  • Intel invests $25 million in wearable tech vendor

    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.

  • End of the line for Bottom Dollar Food

    It's official: Bottom Dollar Food will close its 66 store locations in the greater Philadelphia and greater Pittsburgh markets by Jan. 15 and retire the banner's operations.

    In November, Delhaize Group — the parent company of Bottom Dollar Food — announced the sale of Bottom Dollar's stores and associated lease liabilities to ALDI Inc., which has expressed an interest in growing its U.S. footprint.

  • Starbucks, Walmart, Kroger execs make NRF's 'List of People Shaping Retail's Future'

    Washington, D.C. -- Adam Brothman,  chief digital officer of Starbucks, Melissa Reiff, president and COO of The Container Store, Rick Caruso, founder and CEO of Caruso Affiliated, and Greg Buzek, co-founder of the Retail Orphan Initiative (RetailROI) and president of IHL Goup are among the 25 individuals recognized by the NRF Foundation on its “The List of People Shaping Retail’s Future.”

  • Wet Seal gets $27 million default notice

    Embattled teen retailer Wet Seal Inc. has defaulted on $27 million in senior convertible notes and related costs.

    In a regulatory filing, Wet Seal said the total amount due is equal to $28.8 million, plus costs of collection, attorneys’ fees and disbursements.

  • Epicor completes acquisition of ShopVisible

    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.

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