e-commerce

Retail
Walmart Adds New Gift Shopping Features

This holiday season, Walmart has added new features to make online shopping easier for gift givers, the company announced, including new categories in the Gift Finder tool, new ways to inform customers which items can be sent as a gift and a new eGift Card feature in the Walmart app.

Retail
Placer: Early Shopping Stirs Change In Unique Holiday Season

According to a Placer.ai whitepaper report, the 2020 holiday shopping season kicked into high gear long before the leaves changed colors, with consumer concerns over unemployment and uncertainty about meeting-up with friends and families to exchange holiday gifts prompting consideration of new ways to celebrate, not to mention Amazon’s shift of Prime Day.

Financials
HomeGoods Adding E-Commerce As Banner Drives TJX Q3

TJX did better than it thought it might in the third quarter, the company maintained, as HomeGoods performed particularly well and as the parent began taking steps to launch a dedicated e-commerce operation for the banner. Digital sales at homegoods.com will begin next year.

Retail
NRF: October Retail Sales Resilient

The National Retail Federation reported that retail sales gained for the sixth month in a row during October, with sales higher than the same time last year as the U.S. economy continued to recover and consumers began their holiday shopping early.

Retail
Amazon Launches Pharmacy, Discount Drug Benefit

In a challenge not only to drug store chains but mass merchants and supermarket operators boosting their wellness credentials via pharmacy and related medical services, Amazon has launched two new pharmacy offerings designed to help customers conveniently purchase their prescription medications.

Retail
Walmart Signs Seiyu Deal With KKR, Rakuten

In a deal that reduces its role in the Japanese retail market, Walmart has signed a definitive agreement with investment firm KKR & Co. and Internet services provider Rakuten under which KKR will purchase a majority stake and a new Rakuten subsidiary will purchase a minority stake in Seiyu GK at $1.6 billion.

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