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State of US Same-Store Sales - September 2010 and Quarterly Data Update and Full-Year Outlook
Retailer Daily has compiled comparable store sale data from the SEC filings of 26 major US retailers spanning several years, up to the most recently released September 2010 and quarterly numbers. The data excludes fuel sales and is available in Microsoft Excel format from the link below:
Indications from September 2010 and the most recent quarterly same-store sales results across...Continue Reading »
Consumer Web, WiFi Access Grows
Home internet and WiFi access are two of the top growing consumer electronics trends tracked by The Nielsen Company in Q2 2010.Home Broadband Access Increases 4%
Home broadband internet access showed particularly strong growth between Q1 2010 and Q2 2010, increasing 3.8%. Regular internet access grew 2.5% in that time period. Currently, 85.3% of Americans have some kind of Internet...Continue Reading »
GDP Grows 1.7% in Final Estimate - Update
The real U.S. GDP (gross domestic product), which represents the output of goods and services produced by labor and property located in the U.S., grew for the fourth straight quarter in Q2 2010, according to the second quarterly estimate from the Bureau of Economic Analysis (BEA). However, the third and final 1.7% rate of increase (revised from the second estimate of 1.6%) is down from...Continue Reading »
Blockbuster Initiates Chapter 11 Proceedings
Ending months of speculation, media entertainment chain Blockbuster Inc. voluntarily filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court for the Southern District of New York on September 23, 2010. Blockbuster Reaches Recapitalization Agreement
Blockbuster says the filing will implement “pre-arranged” Chapter 11 proceedings and follows an agreement reached with a group of...Continue Reading »
Consumers Reduce Spending, But Still Fund Passions
Many US consumers are planning to cut their spending, but are still managing continue to spend money on key discretionary "passions" even as the recession continues, according to the American Express Spending & Saving Tracker.1/3 of Consumers Will Spend Less
In a year-over-year comparison, more than one-third (37%) of consumers anticipate spending less during the next 30 days (a slight...Continue Reading »
83% of Consumers Shop Online Weekly
Eight in 10 (83%) of US consumers shop online at least once a week, according to a new study from Compete.Quarterly Use of SocNets Grows Sharply
Consumers’ use of social networks such as Facebook and Twitter to aid online shopping significantly increased from Q3 2009 to Q2 2010. Thirty-one percent of consumers visited Facebook fan pages and/or Twitter feeds of retailers in Q2 2010,...Continue Reading »
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Wireless Non-contract Customer Service Improves
Overall customer satisfaction with wireless non-contract service providers has increased considerably since 2009, according to the J.D. Power and Associates 2010 U.S. Wireless Non-Contract Customer Satisfaction Study.The study measures customer satisfaction with current non-contract wireless service across six key factors (listed in order of importance): performance & reliability (31%);...Continue Reading »
Retailers Discuss 3-D TV
Although the proportion of salespeople who discuss 3-D television technology with shoppers at major electronics retailers has increased substantially during the first six months of 2010, the rates of growth vary widely by retailer, according to the J.D. Power and Associates 2010 Television Mystery Shopping Report.
For example, while salespeople at PRO Group mentioned 3-D TV technology to...Continue Reading »
Back-to-School Shoppers Go Online
One-third of back-to-school shoppers are conducting at least half of their back-to-school shopping online this year, according to the Compete Online Shopper Intelligence Study.Back-to-School Shoppers Buy Most Electronics Online
On average, back-to-school shoppers will conduct 70% of their electronics shopping online this year. Electronics are by far the most...
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Average Family Completes Close to Half of Back-to-School Shopping
The average US family has completed 43.2% of their back-to-school shopping, according to new data from the National Retail Federation (NRF) and BIGresearch.2010 Spending Outpaces 2009
Results from the Back-to-School Consumer Intentions and Actions survey indicate that at the equivalent time period last year, the average American family had only completed 41.6% of their back-to-school...Continue Reading »