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Online Shoppers Research Big Ticket Items
Consumer likelihood to conduct research before making an online purchase dramatically rises with the cost of a product, according to data from Compete.Consumers Research Large Majority of $100-plus Purchases
Dividing online purchases by price, 81% of consumers say they will conduct research before buying a product which costs $100 or more. This...
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‘The Daily Wrap:’ Dell, Google, Rue La La
Dell Grows Revenue 22%
Online consumer electronics retailer Dell increased total company revenue 22% in Q2 fiscal 2010. Operating income grew 11%. Source: Dell Inc.
Google Acquires Like.com
Google has acquired Like.com, a visual search engine for shoppers. Terms of the deal were not disclosed. Source: Like.com
Rue La La Fashions a Niche
The first e-mail notifying Rue La La members about...Continue Reading »
Women Lead Online Group Buying, Flash Sales
Women make up the bulk of the audience on group buying and flash sales sites, according to comScore.Women Drive Exponential Group Buying Growth
In the U.S., visiting group-buying sites such as Groupon.com and LivingSocial.com is growing exponentially, and women are driving the growth: females make up 62% and 67% of Groupon.com and LivingSocial.com’s U.S....
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Wal-Mart Seeks Advantage Thru Price Gap, Store Design
A look at June 2010 same-store sales performance in the discount vertical shows that Wal-Mart, which only reports same-store sales on a quarterly basis, has been reporting negative growth since its Q2 fiscal 2010 (August 2009). Prior to this, Wal-Mart’s last negative same-stores growth occurred in April 2007, when it still reported monthly results.Wal-Mart Eyes Pricing,...Continue Reading »
Women Clip Most Coupons
Women are primarily responsible for clipping coupons, according to research by The Integer Group and M/A/R/C Research.Women Primarily Obtain Coupons
Coupons fit into the lives of male and female shoppers differently. They search for coupons in different media, redeem them in different channels, and use them to accomplish different shopping objectives. Across both gender...
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Wealthier Consumers Use More Coupons
Consumers with an income of $100,000 or more are among the most likely to use coupons, according to a new survey from digital coupon provider Coupons.com.Six in 10 Wealthy Consumers Have Used Coupons Six out of 10 adults (61%) with a household income of $100,000 or more have redeemed a coupon in the past six months. Additionally, about four in 10 adults (39%) in this income bracket have...Continue Reading »
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‘The Daily Wrap:’ Seattle’s Best, Macy’s, McDonald’s
Seattle’s Best Rebrands
Seattle’s Best Coffee, a division of coffee retailer Starbucks, is undergoing a rebranding initiative that includes increasing distribution points from the current 3,000 to 30,000, including grocery stores, cruise ships and movie theaters, by September 2010. Seattle’s Best is also introducing a new logo. Source: Starbucks
Macy’s Launches Tourist...Continue Reading »
Consumers Use Web, Mobile Devices for Food Info
Consumers are increasingly using the internet and mobile devices to obtain information about food, and are also more educated and confident about food safety, according to [pdf] a recent survey by Deloitte.The “2010 Consumer Food Safety Survey,” Parts I [pdf] and II, measures U.S. consumers’ food-related behaviors in regard to usage of the internet and mobile devices and awareness...Continue Reading »
‘The Daily Wrap:’ CVS, Movie Gallery, Google
CVS Reports Record Q1 Results
Drugstore retailer CVS Caremark has reported record financial results for Q1 fiscal 2010, including net revenues of $23.8 billion. Operating income totaled $773 million. Source: CVS Caremark
Movie Gallery to Cease US Operations
Media entertainment retailer Movie Gallery plans to close its remaining 2,145 U.S. stores. Movie Gallery, which recently placed its...Continue Reading »
Private Label Brands Make Gains in Weak Economy
Private label brands are proving consistently popular with consumers looking to save money in a weak economy, according to research from The Nielsen Company.Private Label Strongest in Commodities Private label brands captured a 20 unit share or higher in 48 of 117 categories analyzed by Nielsen during the 52 weeks ended March 20, 2010. Private label brand share...
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