E-commerce spending in the United States reached $1.3 trillion in 2023, setting an annual record up from $1.09 trillion in the year before, according to the annual Comscore State of Digital Commerce report, even as fourth-quarter spending of $389.2 billion surpassed...
Although Big Lots’ fourth-quarter loss was greater than expected by Wall Street, the retailer’s CEO said it is on track to reinforce its position as a leading discount home store. In the 14-week fourth quarter, Big Lots reported a net loss of $30.7...
Target Corp. is introducing a limited-time-only collection with Diane von Furstenberg that will range from apparel to beauty to home goods, including tabletop items. The more than 200-piece assortment starts at $4, with most items under $50. New for Target’s...
Adobe reported the period between Thanksgiving and Cyber Monday, characterized as Cyber Week by the business services firm, generated $38 billion overall, up 7.8% year over year. Cyber Monday, meanwhile, saw consumers spend a total of $12.4 billion, up 9.6% year over...
Inflation continues to influence holiday shoppers who are budgeting higher for gifts and other seasonal purchases this year, according to a RetailMeNot survey. Shoppers are budgeting for $932 in spending versus $725 in 2022. The major effect of inflation is a...