On September 9, 2019, retail discounter Fred’s announced that it had filed for Chapter 11 bankruptcy protection and plans to close all its stores.
The Kaola acquisition represents a meaningful strengthening of Alibaba’s offering in cross-border e-commerce. It will consolidate China’s cross-border e-commerce space, giving Alibaba a dominant share of this market.
Clothing Rental Upstart Le Tote to Acquire Iconic Century-old Brand Lord + Taylor from HBC for $100 Million
Apparel rental upstart Le Tote to acquire century-old Lord + Taylor in what could be a growing trend of online disruptors moving into more traditional spaces.
Costco gained heavy traffic and customer flows: lines were formed before opening; consumers had to wait three hours for parking; average check-out time was about two hours.
Pitney Bowes to Sell Software Solutions Business to Syncsort for $700 Million in Cash, Reduces Guidance from Divestiture and Tariffs
Pitney Bowes announced a definitive agreement to sell its Software Solutions business to Syncsort for $700 million in cash. The divestiture will enable PBI to focus on its core shipping, mailing and related businesses.
25 Target locations will have Disney shop-in-shops by October 4, 2019.
Cisco announced its intention to acquire cloud data-analytics company CloudCherry, which provides predictive analytics, rich customer journey mapping and sophisticated survey capabilities for customers operating contact centers in the cloud or on-premises.
Chinese online grocer Dada-JD Daojia is reportedly conducting talks bankers to raise around $500 million in a US IPO in May 2020. Walmart owns a 10% stake in the venture.
Salesforce announced the signing of a definitive agreement to acquire field service management company ClickSoftware for $1.35 billion in cash and stock.
IBM Investor Briefing: Red Hat Enables Cloud-Native Software to Run on Any Platform; Updates Guidance
(To be completed by Editor) IBM announced that it has transformed its software to be cloud-native and run on any cloud platform with the help of technology from Red Hat and also updated guidance for the acquisition.
Coresight Research and eShopWorld have partnered to create this first-of-its-kind list of visionaries, thought leaders, and experts driving eCommerce excellence for brands and retailers today.
Tencent and the Pokémon Company announced they will collaborate on new games. Tencent and Nintendo will hold a press event on August 2 at which they are expected to announce the launch of the Nintendo Switch Game System in China
Salesforce announced a strategic partnership with Alibaba via a blog post. Under the agreement, Alibaba will become the exclusive provider of Salesforce to customers in Greater China.
On July 23, Alibaba announced it will open its business-to-business (B2B) e-commerce platform, Alibaba.com, to US small business to sell globally. The global B2B e-commerce market is $23.9 trillion, six times larger than B2C e-commerce, according to the US International Trade Commission. Alibaba.com will co-sponsor a national tour of local “Build Up” events to support small and medium-sized businesses.
Amazon Prime Day 2019 surpassed Black Friday and Cyber Monday combined, this year featuring a variety of innovative tools to engage customers through experiences and via multiple channels.