Wal-Mart also acquired a 51% stake in Yihaodian, a China e-commerce retailer, to improve its online sales in the region.

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On Tuesday, Saks will put its finger directly on the pulse of one of the most thrilling e-commerce experiences since the online auction: flash sales.

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In the second quarter, ending June 30, LOFT posted a 55% increase in its e-commerce sales, while the Ann Taylor brand had a 29% jump in online sales.

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Both brick-and-mortar stores and e-commerce sites have helped retail sales figures continuously grow, especially online.

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Products are sold in its stores, online through its e-commerce Web site or at organized sales events at college campuses.

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Furthermore, the additional upside attributable to smartphone-based e-commerce transactions would also impact our forecasts for online U.S. media sales (books, DVDs, music), international media sales, and international EGM sales.

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Rakuten offers an additional layer of support by providing e-commerce consultants and experts to advise merchants on their online business strategy, implementation, sales and marketing as well as lead and revenue generation.

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"We felt that working with Taobao Mall offered the best approach to reaching out to more consumers because it is so clearly the most influential online business-to-consumer sales channel, " said Christophe Bezu, chief e-commerce officer for Adidas, in an email.

CNN: Big brands tap into China's online habits