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Verizon said this week it will acquire AOL, which has evolved from an internet service provider to a digital conglomerate, for $4.4. billion. The purchase is seen as strengthening the telecommunications company's efforts to expand in mobile platforms and digital advertising.
RadioShack's intellectual property, which includes the iconic brand's name as well as its customer data, was sold at auction this week to Standard General, a hedge fund that acquired many of the stores, keeping 1,700 of them from liquidation with plans to revive the RadioShack legacy.
Poor inventory processes and lack of systems integration causing overstocks, out-of-stocks and needless returns are to primarily blame for $1.75 trillion in retailer losses worldwide. Personnel issues are the third component of the inefficiencies.
A Delaware bankrutpcy judge has agreed to approve bidding procedures for the sale of RadioShack's intellectual property, which includes millions of customers' data. He has not promised to approve the sale itself, should a bid be accepted.
Google has begun preparing fashion trend analysis reports and offering them free of charge to retailers. The company is attempting to leverage its 6 billion fashion-related searches in an attempt to grow beyond its search engine and advertising platform to become more influential in e-commerce and fashion.
The explosive growth of digital technology is compelling retail CIOs to embrace mobile and cloud mediums. Most retailers operate about 60 percent of their systems in the cloud, and others hope to increase that figure to 90 percent soon.