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Target to buy same-day grocery delivery company Shipt for $550M as it battles Amazon

“The deal will allow Target to offer same-day delivery to customers at about half of its stores by early next year, and a majority of stores before the 2018 holiday season” writes Taylor Soper for geekwire.com. Founded in 2014, Shipt operates in 72 markets and uses 20,000 personal shoppers to help retailers deliver products to customers. Source: geekwire.com Share This:

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eBay acquires Canadian ecommerce analytics platform Terapeak

“eBay has announced plans to acquire Terapeak, an online platform that helps eBay, Amazon, and Shopify sellers grow their online sales” writes Paul Sawers for venturebeat.com. Founded out of Toronto, Canada in 2002, Terapeak leverages data around supply, demand, and pricing in order to arm merchants with the information to sell their goods.We are committed to being the best partner to our sellers as we look to create the most powerful selling platform. Source: venturebeat.com Share This:

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ShipMonk founder, named to Forbes’ 30 under 30, to speak Tuesday in Fort Lauderdale

“Bedar, who is named in the retail and e-commerce category, is scheduled to speak about his company from 5:30 p.m. to 7:30 p.m” writes Marcia Heroux Pounds for sun-sentinel.com. ShipMonk has developed a technology platform that syncs its warehouse operation with management of inventory and shipping. Source: sun-sentinel.com Share This:

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Alibaba is reportedly investing $200 million in an Indian grocer, in a challenge to rival Amazon

“Alibaba is set to invest $200 million in Bigbasket, India’s largest online grocer, Bloomberg reports, citing sources familiar with the talks, escalating competition with rival Amazon” writes Justin Solomon for cnbc.com. The investment would earn the Chinese e-commerce giant a 25 percent stake in Bigbasket and a foothold in two burgeoning e-commerce markets: the nascent Indian e-commerce industry and the online grocery industry.Amazon CEO Jeff Bezos said earlier this year the company would invest $3 billion in India to challenge local names like Flipkart and Snapdeal, but the American titan…

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7 reasons investors should believe Wal-Mart’s comeback is for real

“Wal-Mart stock has been surprisingly consistent across the last two years, and that should give investors confidence in the trend” writes Jeff Reeves for marketwatch.com. In fact, Wal-Mart stock has been on a tear in the last 12 months, surging more than 35%.Longer term, the company has returned $58 billion to shareholders through dividends and buybacks over the previous five fiscal years. Source: marketwatch.com Share This:

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EU Says Luxury Retailers Can Keep Their Goods Off Of Amazon

“The European Court of Justice, the court of last resort in the EU, has ruled that luxury good makers may ban the sale of their products on eCommerce platforms like Amazon to maintain the exclusivity of their brands” reports pymnts.com. Brands that are not defined as “luxury” — though still protected by things like trademarks and IP laws — “still have no carte blanche to sweepingly limit their distributors’ use of sales platforms, according to our assessment,” Mundt added.The ruling comes after German luxury cosmetics group Coty — the parent behind brands…

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It’s official. It’s just Walmart.

“Wal-Mart said Wednesday it is changing its legal name to Walmart, as the company looks to emphasize its shift from a company that sells in stores to one that sells online and off” writes Wolterk Istock Editorial for cnbc.com. The legal change to Walmart Inc. will be effective in February.McMillon said in a company blog post on Wednesday that employees who incorporate the Walmart “squiggly” into their cheers, may continue to do so. Source: cnbc.com Share This:

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GM puts an e-commerce marketplace in the dashboard

“It is too soon to say how much revenue GM could realize from the Marketplace system, he said” writes Min Read for reuters.com. The GM Marketplace will compete for customer clicks and revenue with hand-held smartphones, which offer a far richer array of applications than the GM system will at the outset.GM will get an undisclosed amount of revenue from merchants featured on its in-dash Marketplace, Santiago Chamorro, GM vice president for global connected customer experience, said during a briefing for reporters. Source: reuters.com Share This:

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The end-of-the-year retail bump is a lie we’ve been told for decades

“In 2016, 26.73% of US retail sales occurred in the fourth quarter, down from 27.72% in 1992, 24 years prior” writes Mark Matousek for businessinsider.com. So why do many still think that shoppers do most of their retail spending during the fourth quarter?. And while e-commerce is still a small percentage of total retail sales, it’s expanded at a rapid pace since 2000.While traditional narratives would insist otherwise, it turns out that the fourth quarter is not much busier than the rest of the year for the retail industry. Source: businessinsider.com…

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UPS upgraded by Deutsche Bank, sees 15% stock return in next year

“Investors should buy shares of United Parcel Service as more people turn toward e-commerce for consumer products and general retail, according to Deutsche Bank” writes John Taggart for cnbc.com. “Ultimately we see two turns of additional multiple expansion opportunity for UPS on 2019 earnings, which together with 3 percent dividend yield implies double-digit return potential.”. The analyst also raised his 12-month price target on the worldwide shipping company to $135 from $125, representing 15 percent total return including dividends.Given the ongoing trend to online shopping, UPS stock is a buying…

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