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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:’ Wal-Mart, Toys R Us, Blockbuster
Wal-Mart Introduces Mobile Service
Discount retailer Wal-Mart will launch Walmart Family Mobile, a new brand of post-paid cell phone service that offers unlimited talk and text. The service will be provided by T-Mobile via its nationwide network, and will be sold exclusively by Wal-Mart in nearly 2,500 stores starting Sept. 20, 2010. Source: Wal-Mart Stores, Inc.Toys R Us Reports Net...Continue Reading »
‘The Daily Wrap:’ Blockbuster, Kroger, Borders
Blockbuster Bankruptcy in Works Could Shut 800 Stores
According to several published reports quoting sources familiar with the situation, struggling media entertainment chain Blockbuster will enter a "pre-planned" bankruptcy in mid-September 2010 that will allow it to restructure a debt load of nearly $1 billion, as well as escape leases on 500 to 800 of its worst-performing...Continue Reading »
‘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 »
‘The Daily Wrap:’ Wal-Mart, Walgreens, Polo
Wal-Mart Widens Price Gap
Discount retailer Wal-Mart intends to widen the price gap with its competitors. Wal-Mart also seeks to become a truly global company and continue playing what it calls a leadership role in social issues. Source: Wal-Mart Stores, Inc.
Walgreens Drops Out of CVS Caremark Plans
Walgreens intends to no longer renew existing contracts or enter into new prescription...Continue Reading »
‘The Daily Wrap: Starbucks, Williams-Sonoma, Best Buy
Starbucks Plans Major Marketing Push
Coffee retailer Starbucks Corp. plans to spend more on marketing in its current fiscal quarter than at any other time in its history. Starbucks CFO Troy Alstead told attendees at an investors’ conference that Starbucks will heavily promote the relaunch of its frappucino drink and availability of Via instant coffee, among other initiatives. Source:...Continue Reading »
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‘The Daily Wrap:’ Wal-Mart, Food Lion, Neiman Marcus
Wal-Mart Workers Can File Gender Bias Class Action Suit
The U.S. Court of Appeals in San Francisco, CA has ruled in favor of as many as 1 million female Wal-Mart employees who want to sue Wal-Mart over alleged unequal pay as a group. Wal-Mart plans to appeal the ruling to the U.S. Supreme Court. Source: Business Week
Food Lion Introduces Coupon Kiosks
Southeastern supermarket retailer...Continue Reading »
Google Partnership Brings Product Ratings to AdWords, Natural Search Results
A new partnership between Google and Bazaarvoice allows retailers and manufacturers to display online product reviews and ratings right within their AdWords campaigns. The ads will show how many users have reviewed a product, along with the average rating given in a five-star rating system. Bazaarvoice is Google’s first publicly integrated platform partner for product review content....Continue Reading »
Google Page Indexing Creates Leads
The more pages a company has indexed by Google, the more leads it will generate, according to research by internet marketing firm Hubspot.Incremental Indexed Pages Can Cause Double-digit Lead Growth
There is a strong positive correlation between the number of Google indexed pages and median leads. An incremental increase of 50-100 pages indexed by Google can cause lead growth in...Continue Reading »
Prospective Credit Card Owners Dislike Fees
The most attractive feature of a credit card to a prospective owner is the lack of an annual fee, according to a recent survey conducted by Compete.No Annual Fee, Low Interest Rates Most Desired Features When asked to rank the five most appealing features a credit card could offer them, with the most appealing receiving a rank of five, consumers overwhelmingly selected no...
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