Zediva Film Streaming, AE Closes Stores, Wal-Mart Easter Promo
A new movie streaming service called Zediva allows users to view and control DVDs running at a remote location, according to
the New York Times.
Viewers can rent films for two weeks for $2 each, with no signup fee or hardware installation needed.
Store Openings & Closings
- American Eagle Outfitters will close between 65 and 100 stores in the U.S. in 2012 and 2013, shifting its focus to e-commerce and international expansion after experiencing increased internet sales in the fourth quarter of 2010.
- The Federal Bankruptcy court for the district of Massachusetts has approved Gordon Brothers Group’s bid to run going-out-of-business sales for Rugged Bear, a 30-year-old children’s clothing retailer with locations throughout the Northeast.
Marketing & Advertising
- More than 3,000 Wal-Mart stores are providing Easter-related products and services including a dedicated aisle of Easter treats, a Build-a-Basket Factory, and licensed products from the upcoming animated film “Hop” priced from $1 - $10.
Stats & Research
- While women continue to dominate shopping trips in all retail channels except for convenience stores, men have increased trip shares between 2004 and 2010 in all retail channels but drug stores.
- The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5% in February 2011 on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported.
- The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.8% in February 2011 to 113.4 (2004 = 100), following a 0.1% increase in January, and a 1% increase in December.
- Unemployment, as measured by Gallup without seasonal adjustment, was at 10.2% in mid-March 2011, essentially the same as the 10.3% at the end of February but higher than the 10% of mid-February and the 9.8% at the end of January.
- Overall vehicle dependability has improved from 2010, with automakers succeeding in reducing problem rates in many traditional areas, but experiencing some challenges in overcoming problems with newer technologies and features, according to the J.D. Power and Associates 2011 U.S. Vehicle Dependability Study.
- comScore Video Metrix data shows 170 million U.S. Internet users watched online video content in February 2011 for an average of 13.6 hours per viewer, with the total U.S. internet audience engaging in more than 5 billion viewing sessions during the course of the month.
- According to the February 2011 edition of the Office Depot Small Business Index, there is a new positive outlook with more small businesses anticipating higher company sales, profits and capital spending.
- American Express Global Business Travel (GBT) has released Q4 2010 data from its Business Travel Monitor (BTM), revealing business travel airfares continued to increase throughout 2010, inching closer to the highest levels since the recession with domestic airfares just 6% off from the most recent airfare highs in 2008.
- The NFL Players Association has estimated that each of the 32 cities that field franchises will lose an average of 3,000 jobs and $160 million in local spending if the entire 2011 season is scrapped.