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‘The Daily Wrap:’ Cyber Monday, Amazon.com, Nordstrom
The U.S. online retail sector delivered strong growth on Cyber Monday 2010 (Nov. 29) compared to the same period last year, according to [pdf] Coremetrics, an IBM Company. Online sales were up 19%, with consumers pushing the average order value (AOV) up from $180.03 to $194.89 for an increase of 8%.
Stats & Research
Amazon.com was the merchant with the most online coupon activity...Continue Reading »
‘The Daily Wrap:’ Best Buy, Starbucks, Wal-mart
Best Buy has created a real-time research tool called VOCE (Voices of Consumers Through Employees). VOCE feedback, which is logged in real-time into an intranet system, is able to track verbatim and directional insights into consumer sentiment and employee insight, including reactions to products, services, policies, store layout or displays.
M-commerce
Starbucks has integrated PayPal...Continue Reading »
Drugstore Retailers Draw Crowds with Tech, Assortments, Discounts
Major drugstore chains are using mobile alerts, loyalty programs and expanded assortments to boost same-store sales. In addition, leading U.S. drugstore retailers CVS and Walgreens are comfortable enough with their sales at existing stores to undergo major acquisition efforts.Walgreens Tests Chilled Foods, Text Alerts
Walgreens will conduct a test of chilled foods at up to 50 stores...Continue Reading »
‘The Daily Wrap:’ CKE, Borders, Blockbuster
Equity Firm Completes CKE Buyout
Columbia Lake Acquisition Holdings, an affiliate of Apollo Management VII LP, has completed its estimated $694 million acquisition of CKE Restaurants, Inc., which runs the Carl's Jr. and Hardee's fast food chains. CKE operates and franchises 3,141 restaurants in 42 states. Source: Business Week
Borders Sells UK Subsidiary
Book retailer Borders Group has...Continue Reading »
‘The Daily Wrap:’ Blockbuster, Walgreens, Kroger
Blockbuster Seeks to Restructure Debt
Media entertainment retailer Blockbuster, Inc. is seeking short-term financing as a contingency against possible bankruptcy proceedings. Blockbuster is reportedly attempting to obtain up to $150 million in debtor-in-possession financing from major stockholders. Source: Wall Street Journal
Walgreens Provides Text Alerts
Drugstore retailer Walgreens is...Continue Reading »
Supercenters, E-commerce Will Gain CPG Dollar Share
The mass supercenter and e-commerce retail formats will gain substantial CPG dollar share in the next five years, according to the “Retail 2015 Forecast” from The Nielsen Company.Mass supercenter, which had a slightly less than 10% dollar share of the CPG retail channel in 2009, will grow its share to about 12% by 2015. E-commerce will increase its CPG dollar share from about 4% in...Continue Reading »
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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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‘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 »
Remote Mobile Payment Market Poised for Growth
Remote mobile payment for both physical and digital goods should substantially grow in popularity during the next several years, according to [pdf] a new whitepaper from Juniper Research."Checkout the Mobile Payment Opportunity" defines mobile payment as "payment for goods or services with a mobile device such as a phone, Personal Digital Assistant (PDA), or other such device." Focusing...Continue Reading »
‘The Daily Wrap:’ Wal-Mart, Amazon, Casey’s General Stores
Wal-Mart Eyes India Sourcing
Discount retailer Wal-Mart will increase its India-based sourcing by as much as hundreds of millions of dollars during the next four to five years. Wal-Mart already sources more than $125 million USD of goods a year from India. Source: Press Trust of India
Amazon to Open Canadian DC
The Canadian government has approved online retailer Amazon.com’s request...Continue Reading »