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Starbucks Android App, VF Buys Timberland, Top Luxury Stores
Starbucks’ mobile payment app is now available for Android smartphones, according to ZDNet.
Users can tether a gift card to a credit card for autoload or choose to reload funds to the gift card manually, paying by scannable barcode at the register.
Mergers & Acquisitions
Footwear and apparel retailer Timberland was purchased by VF Corp for approximately $2 billion; Timberland...Continue Reading »
Daily Deal Demographics, ‘New Breed’ E-commerce, JCPenney Opens Big & Tall Store
Visitors to Groupon and Living Social are similar in that nearly two-thirds are female and more likely than the average U.S. internet user to be affluent, according to Nielsen Company data. Living Social’s visitors trend slightly more affluent and more educated than Groupon’s, with 46% having a bachelor’s or post-graduate degree, compared to 39% for Groupon (the national average...Continue Reading »
Wealthy Consumers Up Spending on Fast Food, A&E
Ultra-affluent consumers increased their spending on quick service restaurant (QSR) dining and arts & entertainment in Q2 2010, according to [pdf] recent data from American Express.Wealthy Eat on the Run
While ultra-affluent consumers increased their spending in several food service sectors between Q2 2009 and Q2 2010, somewhat surprisingly, results from “Q2 2010 Spend Trends Report:...Continue Reading »
‘The Daily Wrap:’ Lord & Taylor, Toys R Us, Starbucks
Lord & Taylor Offers Beauty Self-Service
The Clinique cosmetics section of Lord & Taylor’s Fifth Avenue store in New York City offers a diagnostic tool which processes more than180,000 product combinations that match each consumer's personal needs and then prints a list of specific recommendations. Other high-tech features include self-service product browsing and purchasing...Continue Reading »
Wealthy, Women, Educated Love Online Coupons
Women, those earning more than $100,000 a year, and college graduates are among the most likely consumers to say they love online coupons, according to a new survey from Deals.com.Gender and Parenting Gap Exists
Women are 67% more likely than men to be online coupon lovers. Conversely, men are 27% more likely to be online coupon abstainers. There is also a parenting gap, as parents are...Continue Reading »
3 in 10 Holiday Travelers Will Boost Spending
Among the 39% of Americans who plan to travel this holiday season, almost one-third (30%) say they expect to spend more than last year, according to the October 2010 American Express Spending & Saving Tracker.Average Traveler to Spend $460
On average, travelers plan to spend $460 per person with that figure jumping to $500 per person among young professionals and $560 among affluents....Continue Reading »
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Mobile Retail Users Have Higher Income
Mobile retail users on average have higher income than overall mobile users, according to new data from Millennial Media and comScore.Mobile Retail Users Tend to Earn More
While roughly 15% of total mobile users have an annual income of less than $25,000, for mobile retail users this percentage is closer to 10%. Conversely, close to 35% of mobile retail users have an annual income of...Continue Reading »
‘The Daily Wrap:’ PetSmart, Whole Foods, Giant Eagle
PetSmart Debuts in Manhattan
Specialty pet supply retailer PetSmart is opening its first two Manhattan stores later this year. One store will open August 21, 2010 and one will open in November 2010. Source: PetSmart
Whole Foods Grows Quarterly Sales
Specialty organic supermarket retailer Whole Foods increased Q2 2010 sales 15%, to $2.2 billion. Comparable store sales increased 8.8%, or...Continue Reading »
Amex Spending & Saving Tracker Update: Back-to-School Spending Solid
The average American family will spend $550 on back-to-school items this year, according to the August 2010 American Express Spending & Saving Tracker.Spending to Rise, But under Control
A majority (80%) of consumers with children in preschool through high school expect to spend more (39%) or the same (41%) per child on back to school shopping this year compared to last year. However,...Continue Reading »
‘The Daily Wrap:’ Toys R Us, Amazon.com, Sears
Toys R Us Celebrates Christmas in July
Toy retailer Toys R Us is running a “Christmas in July” promotion from Sunday, July 18 through Saturday, July 24, 2010. Dozens of items at prices usually reserved for the holiday shopping season will be available at Toys R Us stores nationwide and online at Toysrus.com. Source: Toys R Us
Amazon Offers College Students Deal
Online retailer...Continue Reading »