March 2022 marks roughly two years since the coronavirus pandemic spurred many US consumers to go into lockdown mode as COVID-19 spread rapidly throughout the country. Many consumers flocked online to buy their essential items, pushing ecommerce sales to new heights.
Ecommerce was growing fast before COVID-19 hit. But the pandemic pushed even more US consumers online and pushed more consumers to spend more online and more frequently. Digital Commerce 360 estimates the pandemic contributed an extra $218.53 billion to ecommerce’s bottom line over the past two years. In 2020, the coronavirus added $102.08 billion in US ecommerce, and it…
Consumers will have wider and easier cross-border access to products, hotel bookings, car rentals, music festivals or leisure park tickets in the EU, under new rules addressing unjustified geo-blocking. The legislation approved by the European Parliament in February 2018 begins applying on Monday, 3 December.
Róża Thun (EPP, PL), who steered this legislation through Parliament, said: “This is another step forward in creating a true single market where all consumers are treated equally. When purchasing products abroad, all of us will now have the right to be treated like local consumers.
We can no longer be denied access to the…
As shoppers prepare to welcome Halloween, the Black Friday deals have already arrived.
Major retailers including Target, Best Buy and Walmart are offering Black Friday prices at the same time as Amazon Prime Day on Oct. 13 and 14, the e-commerce company’s two-day shopping event.
“Prime Day is a shopping holiday,” said Best Buy CEO Corie Barry in an interview with NBC News. “That means lots of people are looking for great deals during the shopping holiday and we feel like it’s really important for us to play a role.”
Best Buy announced on Thursday dozens of deals on Oct.…
According to UN trade and development experts UNCTAD, the e-commerce sector saw a “dramatic” rise in its share of all retail sales, from 16 per cent to 19 per cent in 2020.
The digital retail economy experienced the most growth in the Republic of Korea, where internet sales increased from around one in five transactions in 2019, to more than one in four last year.
“These statistics show the growing importance of online activities”, said Shamika Sirimanne, UNCTAD’s director of technology and logistics. “They also point to the need for countries, especially developing ones, to have such information as they…
Airborne electronic attack is a crucial capability for gaining an advantage in the electromagnetic spectrum. It includes:
Disabling, degrading and denying enemy air defenses by overwhelming them with radio frequency energy.
Deceiving them using electronic decoys.
Disrupting enemy threats through jamming their radar and communications systems.
By interfering with enemy communications, radar systems and sensors, it ensures superiority on the battlefield and enables forces to carry out missions with reduced risks and increased operational effectiveness.
Today’s jammers are updated versions of mechanical systems that first flew in the Vietnam War. But the airspace has evolved into the digital age –…
ADVEW will replace legacy systems with a one-box solution
GOLETA, Calif., Dec. 19, 2023 /PRNewswire/ — The United States Navy awarded Raytheon, an RTX (NYSE: RTX) Business, an $80 million contract in a down select to prototype Advanced Electronic Warfare, or ADVEW, for the F/A-18 E/F Super Hornet. This prototype will be considered as a replacement for the existing AN/ALQ-214 integrated defensive electronic countermeasure and AN/ALR-67(V)3 radar warning receiver with a consolidated solution that will deliver superior electronic warfare capabilities to the backbone of the Navy’s carrier air wings.
“These advancements are paving the way for the next generation of…
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The apparel and footwear sectors are active after both Nike (NYSE:NKE) and Lululemon Athletica (NASDAQ:LULU) reported earnings late on Thursday. Meanwhile Nike (NKE) warned of a short-term revenue dip as the company shifted its focus to innovation, Lululemon’s (LULU) revenue and profit guidance warning was even more stark. Both athletic apparel giants warned on sluggish demand trends in certain categories.
Stocks react negatively to the earnings double-whammy including Allbirds (BIRD) -3.3%Deckers Outdoor (DECK) -2.5%On Holding AG (ONON) -2.3%Wolverine World Wide (WWW) -2.4%Under Armor (UAA) -2.2%Skechers (SKX) -1.8%and Birkenstock (BIRK) -1.5%.
During Nike’s earnings call, management underlined a commitment to…
Salt Life Group was a $10.3m net sales increase compared to the prior first quarter results while net sales in the Delta Group decreased to $69.6m. Credit: Shutterstock
Chairman and CEO of Delta Apparel Bob Humphreys mentioned that the company’s efforts to restructure, which involved substantial workforce downsizing and withdrawing from operations in Mexico, have resulted in $20m in labor savings annually.
Despite reducing its overall debt by 22% and inventory levels by 24% year-over-year, the company encountered slow demand in its activewear division and inventory constraints.
Humphreys explained that while many Delta Apparel customers have de-stocked to more normalized…