Archives » May 2008

US Retail E-Commerce Growth Rate Rebounds in April

Published on May 28, 2008
The year-over-year growth rate of retail e-commerce rebounded to 15% following an increase of 9% in March, according to comScore retail e-commerce data for April 2008 (excluding auctions, autos and large corporate purchases) - writes MarketingCharts. See table of retail e-commerce growth rates, month to month. "While the e-commerce growth rates in 2008 are softer than what we saw last...
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Online Sales to Jump 17% in 2008

Published on May 20, 2008
Online sales will increase an impressive 17% in the coming year to hit $204 billion, despite the sluggish economy, outperforming overall retail sales by a large margin, according to the "The State of Retailing Online 2008: Marketing Report," produced by Forrester Research for Shop.org (a division of the NRF). Online merchants are in unique positions to capture the business of all...
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No Superstores in Our City, Dubliners Say

Published on May 20, 2008
The city council of Northern California community Dublin voted (4-1) to prohibit the construction of superstores (170,000 square feet, with more than 10% of floor space to nontaxable grocery items) within the city limits, reports the Contra Costa Times. A superstore in Dublin would have a huge impact on traffic because shoppers would tend to go several times a week, as they do to a...
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European Retail Sales Hit Record Lows in April

Published on May 20, 2008
The Bloomberg Eurozone Retail Purchasing Managers' Index (PMI) fell a record 6.4 points from 48.2 in March to a survey low of 41.8 in April - the steepest monthly decline since Jan. '04, the first month for which data were collected. Sales fell below levels of a year ago at the greatest extent yet recorded by the survey: The year-on-year sales index plummeted to a new low of 35.7, from...
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Same-Store Sales Growth Up, but Maybe Not Really

Published on May 20, 2008
Same-store retail sales growth improved in April (+3.7%), KAMcity reports, using TNS Retail Forward's monthly results from 40 retailers - but that growth is apparently due mostly to weak year-ago comparison periods. The sales-weighted composite reported in March was -0.1%, and -1.5% in April '07, which was affected by an Easter calendar shift. Some of the biggest increases were...
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Circuit City - Blockbuster Merger Moves Another Step Forward

Published on May 20, 2008
After an April buyout offer from Blockbuster for more than $1 billion (at least $6/share), Circuit City is seeking "strategic alternatives" to an acquisition, hiring Goldman Sachs & Co. but also allowing Blockbuster to conduct due diligence, MarketWatch reports. Carl Icahn, Blockbuster's biggest shareholder, noted in a letter to Circuit City that if satisfied with his due-diligence...
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Most Shoppers Research Home Goods Online, Fewer Seal the Deal

Published on May 15, 2008
Although 81% of online consumers use the internet to research large-ticket items like appliances and furniture, just 31% of those who research online make the purchase on the web, according to a new study by PriceGrabber.com. About half (53%) of respondents to a March '08 poll of 1,945 online consumers say the internet is their top source for researching home-goods items. Fully 39% say...
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Lack of Checkout Aisles Biggest Shopping Frustration

Published on May 15, 2008
The biggest frustration for shoppers is not having enough checkout aisles open - 37% of respondents said so in the latest Ouch Point study (pdf) from Opinion Research Corporation, an infoUSA company. More findings from the April survey of 1,002 respondents: Shoppers in the South are more likely than those in other US regions to cite lack of available checkout as their biggest...
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Federal Agencies Aim to Curtail Some Credit-Card Practices

Published on May 15, 2008
The Office of Thrift Supervision (OTS) issued a proposal that would protect credit card users from common practices like double-billing and unreasonable "late" charges by restricting the billing practices of savings associations, MarketWatch reports. The Federal Reserve issued an identical proposal, applicable to banks, as did the National Credit Union Administration (NCUA), applicable...
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Olympics May Offset Softness in US Market for Some Retailers

Published on May 08, 2008
The 2008 Summer Olympics will kick off on August 8 in Beijing - and those in the retail world are crossing their fingers that it will provide a much-needed boost to business, Forbes.com writes. Nike Inc. debuted its Olympics 2008 line in April, creating products for every sport at the games, from BMX racing to equestrian jumping. The company will advertise during the games and provide...
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