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Report: Global online sales to increase 17.5% in 2013

BY Marianne Wilson

Santa Monica, Calif. — Global e-commerce sales are expected to rise 17.5% this year to $963 billion, up from $820.5 billion last year, according to a study by Siemer & Associates.

Currently, online accounts for just 6.5% of all retail sales worldwide but is growing four times faster than traditional retail. E-commerce sales are expected to account for 9.3% of retail sales by 2016.

Nordstrom plans to invest $1 billion, or one-third of its capital expenditures, into online efforts over the next five years, according to Siemer. Walmart has developed a new computing platform that collects information from social media streams to determine which trending products they should feature in online marketing.

The report finds that online commerce has been most disruptive to consumer electronics retailers. Technology and audio/video electronic products as a percentage of total e-commerce revenue rose to 24.5% last year from 19.8% in 2007, the report said.

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H.Bron says:
Dec-23-2013 06:32 am

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H.Bron says:
Dec-23-2013 06:32 am

It is really a great news to hear that Global e-commerce sales are expected to rise 17.5% this year to $963 billion. You can also increase the sale of your business over Instagram with buy instagram followers

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Office Depot prepares for its annual meeting

BY CSA STAFF

BOCA RATON, Fla. — Office Depot has nominated former president and CEO of Collective Brands Michael J. Massey to its board. If elected, he would fill the vacancy created by current director Brenda Gaines, who has decided not to stand for re-election at this year’s annual meeting of stockholders.

The news comes as the office supplies and services retailer filed its preliminary proxy statement with the U.S. Securities and Exchange Commission for its annual meeting, the delay of which has prompted the company’s largest shareholder, Starboard, to file a complaint on June 12. Prior to filing its complaint with the Delaware Court, Starboard had been pressing the retailer to schedule the annual meeting because it had been more than 13 months since the company’s last meeting.

“We are very pleased to announce that Michael Massey has agreed to serve on the Office Depot board and stand for election at the upcoming annual meeting,” said Neil Austrian, chairman and CEO of Office Depot. “Michael is a highly qualified industry veteran who brings more than 23 years of significant retail experience to our board, having served in numerous senior level roles at Collective Brands and the May Department Stores Company. On behalf of the board, I’d like to welcome Michael and we look forward to working with him. I also want to thank Brenda for more than a decade of service to the Office Depot board and wish her well on her future endeavors.”

Massey served as president and CEO of Collective Brands from June 2011 to Oct. 2012. He also served there as SVP from March 2003 to June 2011 and general counsel and secretary from March 2003 to Oct. 2012. Additionally, while at Collective Brands, Massey held various executive roles in corporate development and law from 1996 to 2003. Prior to Collective Brands, Massey was at the May Department Stores Company from 1990 to 1996 and Paster West & Kraner, P.C. from 1989 to 1990.

Massey is not one of the four candidates Starboard is nominating to the board. Starboard decided to forego its consent solicitation and instead announced plans to seek the election of four of its candidates: Cynthia T. Jamison, Robert L. Nardelli, Jeffrey C. Smith and Joseph S. Vassalluzzo.

Shareholders will get to vote for 10 director nominees at the company’s upcoming annual meeting of stockholders, scheduled for Aug. 21.

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Pep Boys, Tampa, Fla.

BY CSA STAFF
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It’s not your father’s Pep Boys…not by a long shot. The auto parts and service retailer is testing a new store concept, in Tampa, Fla., designed to extend its appeal beyond its core DIY-car enthusiasts audience to “do-it-for-me” drivers, which include many female customers.

The updated environment, by EWI Worldwide, Detroit, plays to the 92-year-old brand’s rich heritage. It has a handsome, modern look, with clean lines, impactful signage and good sightlines. The overall feel is warm and inviting — and adds up to a welcoming brand experience for both traditional and new customers alike.


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