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Target’s Same-day Pickup and Delivery Services Growing at Double the Rate of 2018

“Target’s investment in same-day pickup and delivery options is paying off. The company, which today offers same-day in-store pickup, drive-up and same-day delivery through its acquisition of Shipt, said this week that these services combined have more than doubled their sales in the last year. In addition, they accounted for more than a third of […]
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Users

Large Retailers Saw 64% Increase in Sales on Monday, Thanks to Amazon Prime Day

“It’s no longer a winner-take-all scenario for Amazon Prime Day — in fact, that hasn’t been true for years. As soon as other large retailers realized they could piggyback on Amazon’s annual sales event to boost their own revenues from counter-sales, they’ve been doing just that. According to new data from Adobe Analytics out this […]
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Returns Totaled $369 Billion In 2018, But Many Can Be Prevented – Retail TouchPoints

“Returns hit the bottom line in multiple ways: the value of returned merchandise was $369 billion in 2018, and it takes, on average, more than seven people to handle processing a return. Additionally, 80% of first-time customers who return their order will never buy from that retailer again. However, most returns happen due to preventable issues, such as shipping the wrong […]
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Deals

Swedish Tech Start-Up Bambuser Gears Up to Expand Livestream Shopping

“Swedish tech startup Bambuser is looking to raise 100 million crowns ($10.5 million) via a rights issue to fund an expansion of its live video shopping technology, as the novel way of purchasing finds its way to the West. In China, live video shopping – the convergence of e-commerce and livestreaming – boomed last year.”
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Users

After Bankruptcy, Nearly Half of Retailers Close All StoresSecured creditors are recovering all or most of their investments when retailers file for bankruptcy protection, even as nearly half these companies don’t survive with a physical presence, according to Fitch Ratings research. Among large retail and supermarket chains that filed for bankruptcy protection over the past 15 years, 45% closed all of their stores, the ratings firm said in a new report. Fitch found that the bankruptcies of 25 out of 55 retail and supermarket companies ended in liquidations.

“Secured creditors are recovering all or most of their investments when retailers file for bankruptcy protection, even as nearly half these companies don’t survive with a physical presence, according to Fitch Ratings research. Among large retail and supermarket chains that filed for bankruptcy protection over the past 15 years, 45% closed all of their stores, […]
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Users

Kohl’s CEO Michelle Gass: ‘Amazon Is Working’

“Kohl’s CEO Michelle Gass says the retailer’s partnership with Amazon is going well, despite Kohl’s reporting dismal holiday sales that cast doubt on the strategy. “I get this question, ‘Is Amazon working?’” Gass said Sunday at the National Retail Federation’s annual Big Show in New York, in an interview with CNBC’s Courtney Reagan . “Amazon […]

On The Wires

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Mastercard SpendingPulse: U.S. Retail Sales Grew 3.4 Percent This Holiday Season

“Retailers have much to cheer about this holiday season. According to Mastercard SpendingPulseTM , holiday retail sales increased 3.4 percent (ex auto) with online sales growing 18.8 percent compared to 2018. Mastercard SpendingPulse provides insights into overall retail spending trends across all payment types, including cash and check.”
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