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3 weeks ago | 
digitalcommerce360.com | Abbas Haleem
Dick’s Sporting Goods announced its acquisition of Foot Locker in a transaction worth about $2.4 billion. Foot Locker shareholders can can elect to receive either $24.00 in cash or 0.1168 shares of Dick’s Sporting Goods common stock for each share of Foot Locker common stock, Dick’s Sporting Goods shared in a public release.
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3 weeks ago | 
digitalcommerce360.com | Abbas Haleem
The National Retail Federation applauded the United States and China for agreeing to a temporary pause on 125% “reciprocal and retaliatory” tariffs. In April, U.S. online and offline retail sales had grown year over year as consumers expected product prices to increase imminently as a result of tariffs, according to the NRF. Then, on May 12, the White House announced that it would modify its tariff rates for 90 days to reflect discussions with China.
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3 weeks ago | 
digitalcommerce360.com | Abbas Haleem
Warby Parker Inc. grew revenue more than 10% year over year in its fiscal Q1, which ended March 31. Q1 marked a milestone for Warby Parker, co-founder and co-CEO Neil Blumenthal told investors on the retailer’s earnings call. It was the first time Warby Parker achieved positive generally accepted accounting principles (GAAP) net income since going public in September 2021. He attributed the success to the retailer’s “continued focus on customers,” referring both to their experience and acquisition.
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1 month ago | 
digitalcommerce360.com | Abbas Haleem
The United Parcel Service Inc. (UPS) posted both U.S. and international revenue growth in its fiscal Q1, which ended March 31. Consolidated revenue decreased less than 1% year over year, in line with UPS expectations, CEO Carol Tome told investors in the carrier’s quarterly earnings call.
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1 month ago | 
digitalcommerce360.com | Abbas Haleem
Beyond Inc. net revenue decreased year over year in its fiscal Q1, which ended March 31, but the retailer said it expects to transition from its restructuring phase into revenue growth in less than 60 days. “That doesn’t mean we think we’re going to make a bunch of money in 60 days,” executive chairman and principal executive officer Marcus Lemonis told investors on the retailer’s Q1 earnings call.
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1 month ago | 
digitalcommerce360.com | Abbas Haleem
In the U.S., cross-border commerce to both Canada and Mexico dropped amid volatile tariff policies, Signifyd data shows. Sales revenue from U.S. retailers to Canadian delivery addresses fell 5% year over year in March, according to the fraud-prevention technology provider. “Retailers’ sigh of relief over a pause in the Trump Administration’s tariffs might be short-lived,” said Mike Cassidy, head of public relations and storytelling at Signifyd.
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1 month ago | 
digitalcommerce360.com | Abbas Haleem
Co-founders Matt and Lisa Hammonds started Full Leaf Tea Company, a direct-to-consumer ecommerce business, in 2014 with $100 and a credit card with a $2,500 limit. They took pictures of their products in their kitchen, holding lamps over them to improve lighting. Full Leaf started as an ecommerce business with a 30-day Shopify trial. That’s how long the couple gave themselves to make money. More than 10 years later, the company has averaged 95% annual growth, Matt said.
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1 month ago | 
digitalcommerce360.com | Abbas Haleem
Albertsons grew digital sales at more than 10x the rate of identical sales growth in its fiscal Q4 and 2024, which ended Feb. 22, 2025. In Q4, Albertsons logged nearly $18.8 billion in net sales and other revenue. That marked year-over-year growth from about $18.34 billion in its Q4 2023. For its full fiscal 2024, Albertsons reported $80.39 billion in net sales and other revenue. That’s up from about $79.24 in its fiscal 2023.
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1 month ago | 
digitalcommerce360.com | Abbas Haleem
Import cargo levels in the U.S. are about to drop as fluctuating tariffs leave businesses uncertain of how to proceed with their operations, according to data from the National Retail Federation and Hackett Associates’ Global Port Tracker. Retailers and B2B companies alike have been sharing their approaches in responding to tariffs during earnings calls for more than a month. However, the U.S.’ tariffs policy continues to shift.
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1 month ago | 
digitalcommerce360.com | Abbas Haleem
After spending more than a year working through the logistics of starting an ecommerce retail business, including deciding on which platform its website would run on, Traum Fragrances launched in November 2024. Karol Sierra-Yanez and Daniel Schafer, the married couple behind Traum Fragrances, knew they were going to use the highest-quality ingredients and craftsmanship they could, and they wanted to position their candle company as an affordable luxury brand.
