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Wal-Mart buying Jet.com for $3 billion
Wal-Mart Stores announced it will acquire retail start-up — and would-be Amazon rival — Jet.com for approximately $3 billion in cash. Additionally, $300 million of Walmart shares will be paid over time as part of the transaction. The deal will go a long way to helping Walmart expand its e-commerce growth and customer reach, and also give it more firing power as it competes with Amazon. And Jet.com’s popularity with millennials will help the discounter attract a younger, higher-income customer. -
Study: Five trends impacting retail sales
Instant delivery. Athleisure wear. Rented and used clothing. These are among the five trends identified by consumer financial services company Synchrony Financial as impacting both the retail and mobile payments space. Here’s a review of what Synchrony says consumers are especially interested in: