Tag Archives: E-Commerce

Financial Daily Dose 10.8.2020 | Top Story: Feds fine Citi $400M over “Longstanding” Governance Failures

BY: Michael D. Reif | October 8, 2020

Federal regulators—including the Federal Reserve and the OCC—have fined Citigroup $400 million over “longstanding” failures in the areas of risk management, data governance, and internal controls. In addition to the fine, the OCC will require Citi to seek its approval before making even minor acquisitions of credit-card portfolios or non-bank companies  – Law360 and WSJ … Continue reading

Going Mobile: The Growth of Device-Based Ecommerce in the 2018 Holiday Season

BY: David Martinez | December 13, 2018

As shopping via mobile devices captures a greater share of e-commerce, experts are making bold predictions about the role cell phones will play in this year’s holiday shopping landscape.  Last year, over one third  of online holiday shopping revenue came from orders placed on cell phones or tablets, totaling $25.9 billion for the entire season … Continue reading

You Get (and See) What You Pay For

BY: Anne Lockner | August 24, 2017

Most retailers consider the true cost of an item’s production to be proprietary, confidential information. After all, if customers knew the product’s markup, they may not be willing to pay the full retail price. But, some retailers are challenging that long-held belief. These innovators—such as apparel retailers Honest By and Everlane and leather goods company … Continue reading