News
Silicon Valley Bank’s collapse hit the ecommerce world
Silicon Valley Bank’s (SVB) rapid downfall led to rippling effects in the ecommerce world. The bank backed technology and ecommerce startups over its 40-year history. It sent…..
Zara owner Inditex plans to invest in stores
Inditex plans to expand its store network for the first time in four years. It has plans to introduce the Oysho chain to the United…..
Destination XL Group uses stores to help promote
DXL’s online customer base is growing. On March 16, DXL told investors its digital commerce sales grew 58.3% from fiscal 2019-2022. Digital commerce sales are…..
The younger consumer favors omnichannel shopping
Omnichannel shoppers are active participants in many activities, from buy online, pick up in store (BOPIS) to buying for same-day delivery. They favor in-store and…..
Amazon to cut another 9,000 jobs
Amazon.com Inc. is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history. CEO…..
Williams-Sonoma ecommerce accounts for 66%
Williams-Sonoma Inc. reported March 16 that revenue grew to $8.674 billion in its fiscal 2022, which ended Jan. 29, 2023. That’s a 6.5% increase year…..
Consumers are buying more groceries online
Adobe just revealed online shopping trends from 2022, including growth of groceries and furniture; an increase in consumers using buy now, pay later (BNPL); and…..
How Has Fortnite Impacted the Gaming and Media World?
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