Jumpshot's Data Report: Jump the Garden Walls
November 15, 2017 at 5:17 pm

Jumpshot's data report reveals that the growth of e-commerce platforms has driven consumers away from brand sites to marketplaces where consumers make over 50 percent of their retail purchases. Depending on product category and brand, this rate can increase to 60 percent. Jumpshot studied 42,000 consumer purchases among four major retail brands in the third quarter of 2017. This report analyzes conversions on the brands’ websites as well as popular marketplaces. The brands analyzed include Calvin Klein, Clinique, Michael Kors and Nike, across marketplaces including Amazon.com, Macy’s and Nordstrom.

Q&A With Mark Friedman, President of E-Commerce, Steve Madden
November 15, 2017 at 4:15 pm

I had a great time talking with Mark Friedman, president of e-commerce at Steve Madden. I was particularly interested in hearing his perspective on how retail is satisfying consumer needs while keeping up with the ever-changing world of digital.

What the Toys“R”Us Bankruptcy Spells for Traditional Retailers
November 15, 2017 at 10:33 am

The most recent high-profile victim of the retail apocalypse is Toys“R”Us, which has filed for bankruptcy. Toys“R”Us is another stark warning to legacy retailers to adapt to the changing landscape in which e-commerce and experiential retail have the power to make or break a retail business. Toys“R”Us’ decline is rooted in its continued reliance on…

2017 Holiday Season Predictions for Retailers
November 15, 2017 at 9:49 am

The holiday shopping season typically generates around 20 percent of the average retailer’s annual revenue, but 2017 is difficult to forecast. Consumer confidence has increased, but continued economic and political instability could dampen shopper enthusiasm. In spite of potential instability, there are holiday shopping trends to expect as we move from Black Friday to year…

Adobe Predicts $13.9B in 2017 Holiday Online Revenue
November 14, 2017 at 2:02 pm

Retailers may see a bit more holiday cheer this year from online sales, at least according to holiday predictions released on Monday from Adobe. Based on Adobe Analytics data, the online holiday shopping season is off to a good start through Veteran’s Day weekend, with every day from Nov. 1 to Nov. 11 each surpassing…

Lord & Taylor to Launch Flagship Store on Walmart.com
November 14, 2017 at 12:52 pm

Lord & Taylor will launch a flagship store on Walmart.com in spring 2018, according to a joint announcement from the retailers yesterday. As part of the agreement, Lord & Taylor will introduce a specialized “flagship store” on Walmart.com, which essentially will be a section on Walmart’s website and an app dedicated to goods sold by…

Alibaba Nets Record $25.3B in Singles Day Sales
November 13, 2017 at 10:21 am

Alibaba has broken its own sales record for China's Singles Day, a 24-hour shopping extravaganza similar to Black Friday. Held on Nov. 11 each year, Singles Day was supposedly started in the 1990s to commemorate China's lonely hearts, a kind of anti-Valentine's day. Alibaba has helped turn it into the world's biggest shopping event. The e-commerce behemoth…

Season’s Greenings
November 13, 2017 at 8:34 am

Vantiv and Socratic Technologies conducted an online survey with 1,001 consumers to learn about their upcoming holiday shopping plans. Shopping online for holiday gifts is catching up to in-store shopping. Consumers estimate that 43 percent of their holiday shopping will be done online this year compared to 47 percent in-store. Thirty-eight percent indicated they will shop more online this year compared to last year for holiday gifts, with convenience being the major reason why (66 percent).

Alibaba, Retailers Gearing Up for Successful Singles Day
November 10, 2017 at 10:34 am

This Saturday, Nov. 11, the Chinese e-commerce giant Alibaba will hold its annual Singles Day event, which last year grossed $17.8 billion (USD) in sales, up from $14.3 billion in 2015, according to a report from Fung Global Retail & Technology (FGRT). The 24-hour phenomenon has quickly become the world's largest shopping day, consistently surpassing…

Amazon Launches Two Private-Label Furniture Brands
November 9, 2017 at 11:05 am

Amazon.com has launched a pair of private-label furniture brands. The Seattle Times reports the online retailer unveiled the furniture brands — Rivet and Stone & Beam — this week. The brands will be sold exclusively on Amazon.com. This announcement represents the company's latest expansion into private-label brands. Amazon describes Rivet as “stylish and versatile mid-century modern furniture and…