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Moody’s: Physical stores key to retailers’ online growth strategy
New York -- A physical store presence is key to most retailers for their online growth strategy, according to a new report by Moody’s Investor Services. Based on existing data, Moody’s estimate online sales as a percent of total retail sales are just 6% today, and will increase to 7.1% by 2016, and potentially reach a double-digit (mid-teens) share of the total retail sales pie in about five years.
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EBay expands omnichannel fulfillment partnership with U.K. chain Argos
San Jose, Calif. - EBay and U.K. general merchandise retailer Argos have entered an agreement to extend their offering of Click & Collect services via Argos stores. This extension will enable shoppers to select products from a much wider range of EBay sellers for collection from about 650 Argos stores.