Shoppers expected to spend record $241B online this holiday season
Both Coresight and Moody’s project total retail sales, in person and online, will grow around 3 percent during the last three months of the year, roughly on par with last year.
online sales
-
Online vendors already cashing in on Trump assassination attempt
Retailers and conservative supporters have commodified the assassination attempt on Donald Trump at lightning speed, with products from T-shirts to trading cards bearing images of the former president—fist raised and bleeding at his Pennsylvania campaign rally—flooding the internet.
Read More -
In Indy visit, Donald Trump Jr., Jim Banks offer vision for parallel economy
Donald Trump Jr. and U.S. Rep. Jim Banks (R-Indiana)were joined by Michael Seifert, founder and CEO of PublicSq., a digital marketplace of businesses that support conservative causes.
Read More -
Online grocery service Green Bean Delivery calling it quits
The 15-year-old Indianapolis-based company founded by organic farmer Matt Ewer and nutritionist Beth Blessing said it would permanently close after this week’s deliveries.
Read More -
Shein’s U.S. expansion starts with distribution center in Indiana
The apparel company founded in China is pushing to get its ultra-low priced merchandise on doorsteps more quickly by opening more North American distribution centers, including a major hub in Whitestown.
Read More
Articles
Indianapolis-based High Alpha leads $8.9M investment in retail-tech startup
The company’s founder and CEO, Arthur Root, started Nostra AI while he was a student at Indiana University.
Amazon rakes in $14.2B for Prime Day sale, up 11% from a year ago
Top-selling products included protein shakes, Amazon’s Fire TV Stick streaming device and Glad brand trash bags, according to Numerator.
Amazon Prime Day a big event for scammers, experts warn
Consumers reported losing about $10 billion to fraud in 2023, a 14% jump from 2022. Online shopping scams were the second most-reported form of fraud.
EBay to stop taking American Express cards after fee dispute
The two firms have been embroiled in negotiations about the merchant discount rates—also known as interchange fees—charged by Amex at the point of sale. The fees have long been a headache for merchants.
Online retailer Shein latest to face strict European Union digital regulations
Founded in China but now headquartered in Singapore, low-cost online retailer Shein has major distribution operations in Indiana.
Lawmakers unveil sprawling plan to expand online privacy protections
The sweeping bipartisan proposal would for the first time give consumers broad rights to control how tech companies like Google, Meta and TikTok use their personal data, a major breakthrough in the decades-long fight to adopt national online privacy protections.
Lilly launches online service that offers home delivery of weight-loss, diabetes, migraine drugs
Among the medications listed as available through LillyDirect Pharmacy Services is Zepbound, the company’s popular new weight loss treatment, which is projected to exceed $2 billion in sales in 2024.
Indianapolis-based Market Wagon acquires St. Louis company
Indianapolis-based Market Wagon, which offers home delivery of food and artisan items, has grown its customer base in the St. Louis area with the purchase of Find Your Farmer Inc.
Mix Food Hall closes at Kroger stores in Carmel, Fishers
Mix Food Hall locations, which offered menu items from several restaurants and filled them through online ordering, have shut down less than a year after opening in Hamilton County.
Cyber Monday sales hit record $12.4 billion even as savings dwindle
Spending increased 9.6% from a year ago, making it the biggest online shopping day ever, according to Adobe Inc., which compiles the data.
Consumers expected to to spend more than $12B online during Cyber Monday
Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday continues to be the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it.
Bed Bath & Beyond hanging on as online retailer
Overstock.com officially relaunched the Bed Bath & Beyond domain online Tuesday in the United States after acquiring the bankrupt retail chain’s intellectual property assets for $21.5 million in June.
Retailer Shein hit with lawsuit citing RICO violations for copyright infringement
In an organized effort to create as many as 6,000 new items per day, Shein—which has major operations near Indianapolis— uses a “byzantine shell game of a corporate structure” to rip off designers, the lawsuit claims.
Amazon Prime Day drives all online sales up 6.1%, missing estimate
Amazon said the first day of the sale was the biggest in its history and that shoppers purchased more than 375 million items over two days.
Bogus online reviews targeted by regulators with new, proposed bans
The Federal Trade Commission proposed a new rule Friday that would ban paying for reviews, suppressing honest reviews, selling fake social media engagement and more.
Simon turns to Chicago partner to bring online stores to malls
The Indianapolis-based shopping mall giant is getting a leg up on the emerging trend of online-only retailers moving into brick-and-mortar stores, a strategy analysts say could net the company a big payoff as it looks to develop new tenants.
Q&A with Zach Garrett on his startup Liftify
The startup works with companies across North America to help them build stronger reputations by increasing online reviews from customers, which leads to a rise in organic search rankings and possibly more business leads.
Cyber Monday sales on track to break record despite U.S inflation
Shoppers less concerned about COVID-19 returned to stores for more of their shopping, which blunted online sales growth, according to Adobe.
After record Black Friday, consumers turn to Cyber Monday for more deals
Cyber Monday is expected to remain the year’s biggest online shopping day and rake in up to $11.6 billion in sales, according to Adobe Analytics, which tracks transactions at over 85 of the top 100 U.S. online stores.