Continuing our coverage of Alibaba’s Singles’ Day 2019 in China, we provide early sales updates from Hangzhou on November 11, including record-breaking milestones and increasing channel diversity for brand promotions.
With comp sales declining, Gap Inc CEO steps down; company revises down guidance.
On November 1, 2019, Fitbit announced an agreement to be acquired by Google for $7.35 per share in cash, representing a deal value of approximately $2.1 billion.
October 21, 2019, Microsoft announced in a blog post the acquisition of cloud file-migration company Mover, for an undisclosed figure, in a move that will make it easier for Microsoft clients to more easily migrate apps and data to cloud-based architecture.
On October 22, 2019, Under Armour (UA) announced Patrik Frisk will become the company’s next Chief Executive Officer (CEO), effective January 1, 2020.
Nordstrom Brings to NY Innovation Tried and Tested in LA, Will it Work as Well on Both Coasts? Tests in Los Angeles found that customers who make use of BOPIS, alteration and other services spend more.
Hudson Bay’s bid to take the company private represents a bold move to preserve the centuries-old retailer: We may see innovative concepts such as CBD shops and cafes, designer studios, hosted apparel or sneaker drops.
On October 15, 2019, Amazon announced via a blog post that it had finished migrating its internal consumer databases from Oracle database software to Amazon Web Services (AWS).
US consumers plan to spend an average of $86.27 this Halloween – far less than other holidays such as Valentine’s Day’s $162 average and down slightly from last year’s Halloween record of $86.79 per person.
The NRF expects spending in November and December to increase by 3.8%-4.2% year over year, taking total sales to between $727.9 billion and $730.7 billion.
Forever 21 announced it began voluntary Chapter 11 proceedings in US bankruptcy court. As part of its restructuring strategy, the company plans to exit most international locations in Asia and Europe but will continue operations in the US, Mexico and Latin America.
Walgreens will become the first company in the US to offer drone delivery via a partnership with Alphabet-owned Wing Aviation.
Spending during this year’s Mid-autumn Festival suggests Chinese consumer spending remains buoyant. Spending on travel, cultural events and cinemas saw solid, and in some cases very strong, growth during the holiday.
Amazon Go Was Originally Forecast to Comprise 156 Stores with Sales of $639 Million in 2020, According to Leaked Company Documents
Amazon documents from 2018 contain pertinent details about the company’s plans for its Amazon Go stores.
On September 16, 2019, Salesforce announced two new industry-specific cloud-based CRM solutions: Manufacturing Cloud and Consumer Goods Cloud, to be available in October 2019, with the Einstein AI Analytics for Consumer Goods to be available in February 2020.