“Television and e-commerce retailer QVC has created a new business unit it’s calling the Business Planning & Analysis group that will seek to leverage customer data across its global businesses.Sanjay Singh will lead the group […] and will be responsible for developing insights to drive growth in its global businesses, QVC says.”

“A new report has found that customers are leaving retailers’ Web sites more frequently without buying anything and, when they do open their wallets, they are spending less on average per order.The findings come as retailers have been pouring money into adapting their sites to appeal to customer’s fast-evolving digital preferences, and they may be a sign retailers are struggling…”

[Business 2 Community]

“The fashion ecommerce sector has seen a meteoric rise over the last few years. No surprises here, this trend is set to continue with an increase of 18% in overall sales in 2015.While online fashion retail has made apparel and accessories of any kind accessible to individuals all over the world, ecommerce entrepenuers still face some huge problems along with new competitors popping up daily.”

We’re big fans of the HBO show Silicon Valley here at Monetate. The top definition (as of today):”Non-technical cofounder. A Wharton MBA who will overestimate the value of his idea and underestimate the value of the person who will implement it. Often wonders why his technical cofounders leave him and the apps they build look like shit and get hacked all the time.”