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‘The Daily Wrap:’ 84 Lumber, Wal-Mart, Marks & Spencer
84 Lumber Leaves 2 States
Lumber retailer 84 Lumber closed 10 stores in 10 states this week due to declining housing starts. Two of those closures signify 84 Lumber’s leaving the Idaho and Wisconsin markets. Source: Home Channel News
Wal-Mart Trains Sights on ‘Dragon’
Discount retailer Wal-Mart is entering what it calls a first-of-its-kind marketing partnership to promote the DreamWorks...
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How Retailers Should Appeal to Women
Retailers targeting a female audience need to understand the critical difference between men and women, according to Dr. Bob Deutsch of marketing firm Brain Sells. Namely, women cycle and men consummate.
How Female Consumers Differ from Male ConsumersDeutsch further defines this key difference between as the sexes as females being oriented toward the conceptual, underlying dynamics, the...
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Shopping Core Social Activity for Teen Girls
Shopping is a core social activity for teen girls, who also carefully evaluate price and brand before making a purchase. These are some of the key findings from The Teenage Girl as Consumer and Communicator, [pdf] a new white paper from Euro RSCG Worldwide PR.
Teen Girls Spend Carefully, in Groups
According to the paper, based on a survey in November 2009 by MicroDialogue, total teen spending...
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Retailers Can Lure Moms with Social Media, Free Stuff
Retailers trying to influence moms should pay close attention to their social media efforts and also focus on free items, promotions and discounts, according to a Retail Advertising and Marketing Association (RAMA) survey conducted by BIGresearch.
The study found that women with children at home are more likely to use Facebook (60.3%), MySpace (42.4%) and Twitter (16.5%) than average adults...
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‘The Daily Wrap:’ OfficeMax, Asda, Stop & Shop
OfficeMax Sales Decline
Office supply retailer OfficeMax reported declines in total sales of 3.9% during Q4 2009 and 12.8% in full year 2009. OfficeMax substantially shrank operating losses for the fourth quarter and full year 2009. Source: OfficeMax Incorporated
Asda Creates 6,000 Jobs
Asda, discount retailer Wal-Mart’s UK banner, plans to add 6,000 jobs this year. Asda boosted its total...
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Consumers Tone Down Valentine’s Day Plans
U.S. consumers plan to observe Valentine’s Day this February 14, but will spend less and stay home while doing so, according to the Brand Keys Customer Loyalty Engagement Index.
Ninety-three percent of respondents indicate they plan to observe the Valentine’s Day holiday this year. However, spending levels will drop about 5% for both men and women. Men plan to spend an average of $133 this...
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‘The Daily Wrap’: Best Buy, Costco, Ann Taylor
“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out.
Best Buy Plans Magnolia Design Center Concept
Consumer electronics retailer Best Buy is launching a new Magnolia design center store-within-a-store concept on February 26, 2010 in a Costa Mesa, CA store. The new design center is geared...
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‘The Daily Wrap’: Holiday Cash, Finish Line, Ford
“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out.
Tween, Teen Girls Want Cash
Cash is queen among teen and tween girls this holiday season, according to a recent survey of more than 2,500 young women by Fashion Fantasy Game, a youth-oriented social networking and online game site. When...
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‘The Daily Wrap’: Lowe’s, Starbucks, Walgreens
“The Daily Wrap” offers a roundup of the day’s biggest retail industry headlines. Following are some news items you may be interested in checking out.
Lowe’s Launches In-store Energy Centers
Home improvement retailer Lowe’s is introducing in-store energy centers in 21 California locations. The centers will feature informational kiosks to help customers assess their energy needs, as...
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Female Consumers Increase Social Networking
A majority of U.S. women use social networking sites, and half of them say social networking sites influence their shopping habits. These are some of the key findings from a new study [pdf] on online social networking among women performed by social media platform SheSpeaks.
According to the SheSpeaks Second Annual Media Study, 86% of U.S. women now have a profile on at least one social...
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