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‘The Daily Wrap:’ Best Buy, Macy’s, OnLive
Best Buy Co. plans to offer free online shipping through Dec. 21, 2010, following a similar move by Wal-Mart Stores Inc. earlier this month. Best Buy said its offer is valid on "hundreds of thousands" of items, including all CDs, Blu-Ray and DVD movies and gaming software and accessories.
Business/Financial
Macy’s fiscal Q3 2011 net sales totaled $5.6 billion, up more than 6% from...Continue Reading »
‘The Daily Wrap:’ GameStop, Google, B&N
Video game retailer GameStop has launched its new PickUp@Store service. This new program is free to use and allows customers to pick out the games they want online, select a store of their choice that has the game in stock, place a hold on the game and pick it up as soon as that same day.
M-commerce
The Google Goggles visual search app, available in iPhones and Android phones, allows...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 »
‘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 »
Back-to-School Shoppers Go Online
One-third of back-to-school shoppers are conducting at least half of their back-to-school shopping online this year, according to the Compete Online Shopper Intelligence Study.Back-to-School Shoppers Buy Most Electronics Online
On average, back-to-school shoppers will conduct 70% of their electronics shopping online this year. Electronics are by far the most...
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‘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 »
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Average Family Completes Close to Half of Back-to-School Shopping
The average US family has completed 43.2% of their back-to-school shopping, according to new data from the National Retail Federation (NRF) and BIGresearch.2010 Spending Outpaces 2009
Results from the Back-to-School Consumer Intentions and Actions survey indicate that at the equivalent time period last year, the average American family had only completed 41.6% of their back-to-school...Continue Reading »
‘The Daily Wrap:’ Blockbuster, Wal-Mart, Quiznos
Blockbuster Adds Games to Mail Service
Media entertainment retailer has added video games to its rental by mail service. Blockbuster says it is now the first entertainment company to offer rentals of games, movies, and TV shows for home delivery through a single subscription service. Source: Blockbuster, Inc.
Appeals Court Dismisses Objection to Wal-Mart Employees Wage and Hour...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 »