Online Retail Spending, Staples Peak Management, Borders May Delist
US online retail spending reached a record $43.4 billion during Q4 2010, up 11% compared to a year ago, according to
new data from comScore.
This growth rate represented the fifth consecutive quarter of positive year-over-year growth and second quarter of double-digit growth rates in the past year.
E-commerce & Multichannel Retailing
- Staples says the Cognizant Intellipeak e-commerce peak management solution helped it manage increased online demand during the 2010 holiday season.
- NCR Corp., owner and operator of Blockbuster Express rental kiosks, said it would deploy 3,000 new kiosks in 2011, bringing its install base to about 11,000 units by the end of the year.
- While eBay’s marketplace revenue grew just 8% to $5.7 billion last year, eBay is still losing market share to its rivals, as global e-commerce sales increased 18.9% in 2010.
Legal & Regulatory
- Borders Group said it has received a delisting notice from the New York Stock Exchange, triggered by the decline in Borders' common shares to below $1 as the stock has fallen out of compliance for 30 straight trading days with the exchange's requirement to maintain a minimum average closing price of $1.00 per share.
Store Openings & Closings
- Tim Hortons has signed a deal with a Dubai-based company to open up to 120 outlets in the Middle East, starting with five this year.
- The Foundry Big & Tall Supply Co., part of the new Growth Brands Division at J. C. Penney Company, Inc., plans to launch a new retail concept catering to the men’s big & tall customer with 300 store openings in the next five years.
Mergers & Acquisitions
- Shares in struggling music, DVD and books retailer HMV Group rose sharply last week amid mounting speculation over possible moves to break up the company.
Marketing & Advertising
- Major soft drink makers have chosen a curious ingredient to lure the health-conscious back to the category: sugar.
- Experiments by some forward-looking DOOH vendors may usher in another wave of innovation in this space: pay-for-performance.
- Indoor farmers’ markets are popping up like dandelions, exciting shoppers and vendors with a cornucopia of fresh, local food.
Stats & Research
- The Conference Board Employment Trends Index (ETI) increased in January 2011 for the fourth consecutive month, now standing at 100.5, up from December’s revised figure of 100.3 and up 7% from a year ago.