After a disappointing first quarter, Easter failed to deliver a boost to subdued online retail sales, with April recording sales growth of just 5.2% year-on-year. According to the latest IMRG Capgemini eRetail Sales Index, this compares poorly to a very strong performance in April of last year (+12.5%) but continues an ongoing trend of subdued […]

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Walmart Inc is stepping up its battle with Amazon.com Inc by offering one-day delivery without a shipping fee, weeks after Amazon announced a similar offer – a move that will intensify the race to deliver orders to shoppers faster. On April 25, Amazon said it plans to deliver packages to members of its loyalty club […]

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It’s looking like 126-year-old Sears Holdings Corp. will soon head to liquidation. Last week, Sears Chairman Eddie Lampert submitted a $4.4 billion bid to keep afloat at least part of the retailer, which owns both Sears and Kmart. Lampert entered the bid through Transform Holdco LLC, an affiliate of his private equity firm, ESL Investments […]

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