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JCPenney YouTube Promo, Local Amazon Deals, eBay Buys Magneto
JCPenney is running a YouTube promotion in conjunction with fashion brand Bisou Bisou and the Fashion Institute of Design and Merchandising, according to Frequency.
Consumers can view the designs of different student designers on JCPenney’s YouTube channel and vote for their favorite, with the winner receiving a $2,000 scholarship.
E-commerce & Multichannel Retailing
Local...Continue Reading »
E-commerce Sales, Wal-Mart Eyes Europe, Best Buy Closes DC
U.S. retail e-commerce sales [pdf] for Q1 2011, adjusted for seasonal variation but not for price changes, were $46 billion, a 3.4% increase from $44.5 billion in Q4 2010, according to estimates from the Census Bureau.
On a year-over-year basis, adjusted retail e-commerce sales rose almost 18% from $39.1 billion.
International Expansion
Wal-Mart Stores Inc. reportedly plans to...Continue Reading »
‘Daily Wrap:’ Promotional Email, Macy’s, Borders
The top online retailers sent each of their subscribers three promotional emails on average during the week ending Jan. 28, 2011. That’s up 3% week-over-week, down 6% from where it was four weeks ago, and up 18% year-over-year.
Store Openings & Closings
Contemporary departments, called Impulse, will mushroom from the current 200 Macy’s doors to 220 this year, and up to 400 over...Continue Reading »
‘Daily Wrap:’ Online Retail Traffic, Starbucks, Toys R Us
More than 85% of Americans online visited a retail site in December 2010, up from 80% in December 2009, according to comScore Media Metrix data .With the holiday season in full swing, December 2010 saw increased traffic within several content categories including e-cards and shipping, as well as retail.
E-commerce & Multichannel Retailing
Coke and Starbucks are among the first...Continue Reading »
‘Daily Wrap:’ Super Bowl, Twitter, JCPenney
The average US consumer is expected to spend $59.33 on Super Bowl game-related merchandise, apparel and snacks this year, up from $52.63 last year, according to a new survey by the Retail Advertising and Marketing Association, conducted by BIGresearch. Total Super Bowl spending is expected to reach $10.1 billion.
E-commerce & Multichannel Retailing
After a year or so of hit and misses,...Continue Reading »
‘The Daily Wrap: Home Depot, Lowe’s, TJ Maxx
The Home Depot has launched a new “do-it-yourself” online home improvement community where do-it-yourselfers can discuss home improvement projects and share their expertise with other members. The how-to community features a number of tenured Home Depot store associates from around the country who are trained and equipped with multimedia technologies.
E-commerce & Multichannel...Continue Reading »
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Retail Sales Up 7% from Sept. ‘09 - Update
According to the September 2010 Advance Monthly Retail Trade Survey from the U.S. Census Bureau, U.S. retail and food service sales rose 0.6% [pdf] on a monthly basis and an impressive 7.3% on a yearly basis.In September 2010, U.S. retail and food service sales totaled $367.7 billion, compared to $365.4 billion in September 2010 and $352.8 billion in September 2009. On a monthly basis,...Continue Reading »
Retailers Open, Remodel Stores Coast to Coast - Update
A look at new store openings and remodelings in August 2010 shows retailers targeting states across the country with no clear focus on the local employment situation. This changes course from June and July 2010, when retailers targeted the Northeast and Mid-Atlantic regions of the U.S., where unemployment rates have been equal to or better than the national average in recent months....Continue Reading »
‘The Daily Wrap:’ Ikea, Best Buy, Johnny Rockets
Ikea Expands in China
Home furnishing retailer Ikea, which is speeding up its expansion in China, plans to open four new stores across the country during the next two years. Ikea will open its second store in Shanghai next year and open locations in Tianjin and Wuxi, as well as its second store in Beijing, in 2012. Source: China Daily
Best Buy Names Chief Design Officer
Consumer...Continue Reading »
Store Openings and Closings Update - August 2010
A comparison of store openings and closings by leading retailers in several major verticals shows that the recession has had a varying impact on retail store growth strategies.
Discounters Slow Down Domestic Store Expansion
In a plan issued April 2010, discount retailer Wal-Mart said it intends to grow in major metropolitan markets domestically, with new formats while making existing...Continue Reading »