Another major e-commerce brand its expanding its business offline. Wayfair, the Boston-based online furniture retailer whose net revenue topped $2 billion in the fourth quarter, announced this morning it plans to open its first full-service retail store this fall. The store, which will be based in Natick, Massachusetts, will connect the company’s online business to […]
View More Wayfair to open its first brick-and-mortar store this fallCategory: online shopping
Drunken online shopping is big business — especially for Amazon
Amazon is already more than dominant in the online shopping space, but add a shot or three of tequila and that Amazon Prime free two-day shipping looks even more appealing.
Tech and business newsletter The Hustle surveyed more than 2,000 alcohol-drin…
Tesla moves to online-only sales to reduce car prices
Tesla announced that they are closing down most of their physical stores in order to cut down on company costs. Only a few stores in busy areas will remain open, acting as galleries and “information centers.” Elon Musk says the shift to online exclusivity is intended to reduce the price of all Tesla cars by 6%. Read more…
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Walmart’s U.S. e-commerce sales up 43% in Q4, thanks to growing online grocery business
Walmart this morning posted strong holiday sales growth for its holiday quarter, with U.S. sales up 4.2 percent over the same time last year, and a 43 percent rise in Walmart’s U.S. e-commerce sales. The retailer topped analyst expectations, with $138.8 billion in revenue for the quarter, just ahead of the forecasted $138.76 billion; and […]
View More Walmart’s U.S. e-commerce sales up 43% in Q4, thanks to growing online grocery businessIt’s the golden age of traditional retail, not its end days
A lot of people that will say that traditional retail is dying. They’ll point to the rising prominence of e-commerce, which accounts for under 10% of total retail in the U.S. and a whopping 15% or more of total retail in China, as diminishing opportunities for traditional retail. But the reality is that, thanks to […]
View More It’s the golden age of traditional retail, not its end daysAmazon debuts Showroom, a visual shopping experience for home furnishings
Amazon just over a year ago launched its first in-home furniture brands, with private labels Rivet and Stone & Beam. This past fall, it began experimenting with a new, more visual way to shop for furniture and other merchandise with its Pinterest-like recommendation service Scout. Now, Amazon is venturing further into home furnishings with the debut […]
View More Amazon debuts Showroom, a visual shopping experience for home furnishingsAlibaba just gave Chinese youth another reason to never leave their desk
People in China have a host of reasons not to go outdoors these days. They may be too busy to leave their office, wary of air pollution or have chosen to live isolated lives. Among them is an expanding young consumer base who prefers to dwell in the virtual world of video games, animes and […]
View More Alibaba just gave Chinese youth another reason to never leave their deskChanging consumer behavior is the key to unlocking billion-dollar businesses
Revolutionary products succeed when they deliver value to their users. The fact that a product creates a behavior shift is not enough. It must create value to overcome the initial skepticism.
View More Changing consumer behavior is the key to unlocking billion-dollar businessesChina’s JD.com teams up with Intel to develop ‘smart’ retail experiences
Months after it landed a major $550 million investment from Google, China’s JD.com — the country’s second highest-profile investor behind Alibaba — has teamed up with another U.S. tech giant: Intel. JD and Intel said today that they will set up a “lab” focused on bringing internet-of-things technology into the retail process. That could include […]
View More China’s JD.com teams up with Intel to develop ‘smart’ retail experiencesPayPal: Black Friday & Cyber Monday broke records with $1B+ in mobile payment volume
Black Friday broke records in terms of sales made from mobile devices, according to reports last week from Adobe. This week, PayPal said it saw a similar trend during the Thanksgiving to Cyber Monday shopping event. PayPal saw a record-breaking $1 billion+ in mobile payment volume for the first time ever on Black Friday – a […]
View More PayPal: Black Friday & Cyber Monday broke records with $1B+ in mobile payment volumeAmazon reverses tax-triggered block on US shop in Australia
Amazon has reversed a decision it made six months ago to shut off its US ecommerce site to Australian shoppers. Reuters reports that the U-turn comes after a customer backlash. Since July shoppers in Australia trying to browse stuff to buy on Amazon.com have been redirected to the local site, Amazon.com.au. Shipping to Australia from Amazon.com was also […]
View More Amazon reverses tax-triggered block on US shop in AustraliaShopify opens its first brick-and-mortar space in Los Angeles
Shopify, the provider of payment and logistics management software and services for retailers, has opened its first physical storefront in Los Angeles. The first brick and mortar location for the Toronto-based company, is nestled in a warren of downtown Los Angeles boutique shops in a complex known as the Row DTLA. For Shopify, Los Angeles […]
View More Shopify opens its first brick-and-mortar space in Los Angeles