Innovative technology is crucial, while the need for instant gratification fuels on-demand retail.
The $51 million acquisition is designed to best Amazon in the apparel and sporting goods categories.
While core retail sales rose 0.4% in January, analysts point to red flags that predict volatility.
Consumers spent $80.2 billion online, with a 44 percent increase in mobile spending.
President Trump’s proposed 20 percent border tax is garnering opposition from many industry leaders, including a group of Retail CEOs who recently sat down with the president to discuss their position.
Retailers missed out on $150 billion in revenue in 2016 because they failed to provide shoppers with personalized service, according to a new survey by TimeTrade. Providing shoppers with better customer experience could increase revenue by at least 5 percent, while millennials say they would pay up to 20 percent more for better retail experiences.
Predictions say retail could see growth between 3.7 and 4.2 percent year-over-year.
Gartner says delivery drones will make up less than 1 percent of the commercial market by 2020.
Best Buy will continue to sell the Oculus Rift headset, but will no longer provide demos.
Google and H&M digital fashion house Ivyrevel partner to create the first data-driven dress.