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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:’ Lands’ End, Amazon, Best Selling Books
Lands' End launched its January 2011 digital catalog with enhanced service functions including touch, pinch and zoom gestures developed for the iPad. The digital catalogs are available via an iPad, iPhone and iPod Touch App as well as via landsend.com. Future editions will feature unique content, including video.
M-commerce
Amazon.com has introduced the Amazon Appstore Developer Portal...Continue Reading »
Watching Trends the Right Way
Retail marketers need to know why they are tracking trends, recognize fads, and not apply all trends to all people, according to consumer insights firm trendwatching.com.trendwatching.com has compiled a list of 15 tips for marketing executives seeking to effectively spot and apply trends. Following is a summary of the seven tips which best apply to retailers.
1. Know Why You’re...Continue Reading »
‘The Daily Wrap:’ Staples, GameStop, Dollar General
Staples Grows North American Retail Sales 2%
Office supply retailer Staples, Inc. improved Q2 fiscal 2010 North American sales 2% in US currency. Comparable store sales for the second quarter of 2010 were flat versus the second quarter of
2009, reflecting increased customer traffic, offset by lower average order size. Source: Staples, Inc.
GameStop Goes Digital
Videogame retailer...Continue Reading »
Top May ‘10 Coupons: hotels.com, IHOP
An online coupon for $30 off a five-night booking with online travel service hotels.com and a printable coupon for a free entrée with the purchase of two entrees and two beverages at casual dining retailer IHOP were the top coupons in May 2010, according to [pdf] coupon aggregator RetailMeNot, which recently released its coupon data report for the month.RetailMeNot’s report on top...Continue Reading »
‘The Daily Wrap:’ AutoZone, Toys R Us, Sears
AutoZone Eyes Store Openings
Auto parts retailer AutoZone plans to open stores in major U.S. cities including Boston, Chicago and New York. AutoZone will open 140-160 new stores nationwide between August 2010 and August 2011, favoring organic growth rather than purchasing stores from a competitor. Source: Bloomberg
Toys R Us Net Sales Rise 5.3%
Toy retailer Toys R Us reported Q1 fiscal...Continue Reading »
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‘The Daily-Wrap:’ Target, Walgreens, Kroger
Target Plans More P-Fresh Stores
Discount retailer Target plans to remodel 340 stores to fit its new “P-Fresh” grocery format this year. Target reformatted about 100 stores to P-Fresh in 2009. Source: Supermarket News
Walgreens Proceeds with Tobacco Suit
Drugstore retailer Walgreens has received permission from a California state appeals court to proceed with a lawsuit challenging a...Continue Reading »
Barnes & Noble Rediscovers Sales Opportunity
With the financial performance of major booksellers suggesting significant declines in the reading rates of U.S. adults, book retailer Barnes & Noble has recently invested in new sales avenues such as e-books and college textbooks. Now Barnes & Noble is turning to out-of-print titles as a means of creating a new revenue stream.According to Publishers Weekly, Barnes & Noble is launching a...Continue Reading »