Mobile Payment, Wal-Mart EDLP, Promotional Email
One-quarter of consumers are likely to pay for groceries with their phone instead of a credit or debit card, according to Compete research.
In addition, approximately 20% of consumers indicated they would be likely to pay for clothes, phone charges, and coffee with their phone instead of a card.
- Outside the U.S., Wal-Mart is emphasizing or rolling out the EDLP (everyday low pricing) concept in countries such as Brazil and Honduras to keep those regions growing; Wal-Mart reported 11.5% international growth in Q1 2011.
- Starbucks has assumed 100% equity of its business in the Chinese provinces of Guangdong, Hainan, Sichuan, Shaanxi and Hubei, and the municipality of Chongqing.
- Soul Restaurants Canada, an arm of U.K.-based Soul Foods Group, has taken over management of 204 Canadian KFC restaurants, mostly in British Columbia and Ontario, with four in Quebec, from Yum Brands.
Stats & Research
- The top online retailers sent each of their subscribers 3.2 promotional emails on average during the week ending May 27, 2011, which is down 1% week-over-week, down 5% from where it was four weeks ago, and up 14% year-over-year, according to the Retail Email Blog.
- Unemployment, as measured by Gallup without seasonal adjustment, stood at 9.2% at the end of May 2011, unchanged from mid-May and down slightly from 9.4% at the end of April.
- Smartphones and the consumption of mobile data continue to grow in popularity in the U.S., 37% of mobile consumers now have one, and Google’s Android operating system (OS) is proving to be the most popular.
- Brazil, Argentina and Chile demonstrated the highest Latin American penetration of coupon site visitors with more than 10% of internet populations in these markets visiting the category in March 2011, according to comScore data.
- Based on the preliminary tally of 26 retail chains, ICSC Research's U.S. chain store sales metric posted a solid, though uneven, gain of 5.4% year-over-year for May 2011.
- Americans are expected to travel this summer in greater numbers compared to last year and joined by a higher number of international travelers according to top travel executives from Best Western International, AAA and the U.S. Travel Association at the sixth annual Leisure Travel Summit in New York last week.
Business & Finance
- Koreans still dominate the small-grocery business in New York, but their ranks are thinning as they face the same forces that threaten all sorts of mom-and-pop businesses: rising rents, increased competition from online and corporate rivals, and more scrutiny from city agencies that impose fines.
Promotions & Appointments
- Andrew Joa has been named vice president of investor relations for General Growth Properties.