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PayPal, along with Ipsos ahead of Black Friday released research on holiday shopping trends. The study revealed that a buy-local mentality is sweeping across the nation with three out of four (73%) Canadian online shoppers planning to buy holiday gifts online from Canadian retailers instead of buying from U.S. or international websites.
Wal-Mart Stores and Jet.com today announced they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash, a portion of which will be paid over time. Additionally, $300 million of Walmart shares will be paid over time as part of the transaction.