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Amazon Versus Walmart: The Epic Online Apparel Battle

PYMNTS

The battle is on for dominance in online apparel, and Amazon is closing in on $30 billion in gross apparel and footwear sales that could put it in the lead ahead of long-time market leader Walmart. Along with the growth of Prime and web traffic, well-known brands have joined Amazon’s platform, such as Chico’s FAS.

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The Many Pivots On The Path To A Multi-Million Dollar Skincare Brand

PYMNTS

One might assume the hardest part of building a product to disrupt the traditional sunscreen industry would be actually formulating a new brand of sunscreen. The problem, it turned out, was that in 2007 when this project was first lifting off the ground, regulations in most states made this model basically illegal.

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Why Instagram’s New Shopping Icon Is Changing Ecommerce Forever

Perficient

Social influencers could promote brands through their channels and direct users to “swipe up” or click a link in their bio to purchase. By giving a channel for this social proof use case, Instagram allows customers to interact and purchase brands that their favorite influencers represent. The statistics don’t lie.

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No Candy: Godiva To Close US Stores

PYMNTS

retail presence in recent decades, is reversing course and closing all its North American brick-and-mortar locations, according to numerous online news sources citing a company statement. in 2007 for $850 million, according to Bloomberg. Godiva, the maker of high-end chocolates that significantly expanded its U.S.

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Flipkart Raises $1.2B On $24.9B Valuation From Walmart-Led Investors

PYMNTS

“We will continue innovating to bring the next 200 million Indian shoppers online.”. million in Arvind Fashions’ new subsidiary, Arvind Youth Brands, to expand its reach in India’s fashion market. Flipkart, which was founded in 2007, recently exceeded 1.5 The company recently invested $34.6

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Will Finally Going Online Be An eField Of Dreams For Hibbett Sports?

PYMNTS

Despite years of revenue reports indicating that online stores had become vital lifelines for retailers in every segment from furniture to fashion — accounting for more than 10 percent of retail purchases, and bringing in more than $105 billion in the first quarter of 2017 alone — some businesses have resisted selling their inventory online.

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Bonobos Founder Andy Dunn Exiting Walmart In Early 2020

PYMNTS

Dunn announced his departure following Walmart’s acquisition of his online menswear brand in 2017. He joined Walmart as senior vice president of digital consumer brands when the retail giant acquired Bonobos and was previously CEO of the brand since its inception in 2007. Bonobos laid off staff on Oct.

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