While most adults typically are excited about receiving their tax refunds to splurge on luxury items, research from the National Retail Federation (NRF) and Prosper Insights & Analytics is telling a different story. Survey respondents painted a clear picture of their tax refund activities that...
There’s been a flurry of activity for Walmart recently. With its recent earnings call and announcement that it will start hosting its brands on Jet.com, the retail giant has been busy. It turns out that older brands (like Walmart) can learn new tricks and become...
Following the 2013 policy reform by the Chinese government, which reduced duty tax on overseas goods, it’s no surprise there’s been an uptick in online purchases. The main two categories that have garnered the most attention for Chinese consumers have been cross-border eCommerce and online...
Typically, when a product doesn’t live up to expectations or performs poorly in the marketplace, its manufacturer removes it from circulation. One company that is not following this route is Apple. In 2016, Apple spent an unprecedented amount of money for its research and development (R&D)...
Shopify has accomplished what most retailers dream of each quarter with its Q4 seeing an 86 percent boost from 2015 sales. This eCommerce platform provider that partners with various retailers said it owes its success to holiday purchases. Here are the numbers: $130.4 million | Total...
In a Seattle U.S. District Court this past Thursday, Zillow received some bad news. The online real estate giant lost an $8.3 million copyright lawsuit to VHT Inc. due to its home design website Dig’s infringement. Here are the numbers: $8.3 million | Total amount...
Women’s clothing store J.Jill announced its plans this past Friday (Feb. 10) to file for an IPO. The retailer, which is currently owned by TowerBrook Capital Partners, was acquired from Talbots in 2015. Here are the numbers: $100 million | Amount J.Jill is looking to raise...
Technology services firm Infosys is facing questions regarding peculiar payments made to the company’s CEO and other executives. In response, the company provided a statement that shareholder input is what’s guiding its decision for these actions. “The board receives suggestions and inputs from various stakeholders, including promoters (founders),...
A case of mistaken identity took the stock exchange by storm this week. Due to their similar names, investors sent stocks from startup company SNAP Interactive up 164 percent after the IPO filing of Snapchat parent company Snap Inc. The two are not the same....
