March 24th, 2017
Walmart’s acquisition of several higher-end e-commerce brands indicates that the company is seeking to shift its core demographic: “In an economically-divided America, Walmart has begun working to sell to two separate groups: shoppers looking for extreme discounts and upper-income shoppers seeking higher-quality items. Walmart has been working to grow sales from more affluent customers for years, especially when it comes to e-commerce.“ Supplier Takeaway The “Walmart Demographic” may not be what it once was. How is this going to affect your...Read More
March 24th, 2017
Is Jet.com’s recent acquisition of Modcloth a sign that Walmart wants to challenge Amazon in the area of apparel? “The current Walmart e-commerce chief executive spoke about his ambitions and Jet.com’s much-hyped rivalry with Amazon at technology news website Recode’s Code Commerce event on Monday. Lore, who assumed his role when the big box retailer acquired Jet.com in August 2016, is on an acquisition spree. Last week Jet.com bought ModCloth, an online women’s retailer known for vintage-inspired clothing, its diverse...Read More
March 23rd, 2017
With reports indicating that Sears and Kmart may not survive, suppliers are being very cautious: “Mark Cohen, the former chief executive of Sears Canada and director of retail studies at Columbia Business School in New York City, said vendors will keep a close eye on Sears’ finances. ‘Whatever vendors continue to support them are now going to put them on even more of a short string. That means they’ll ship them smaller quantities and demand payment either in advance...Read More
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