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Former Walmart CEO Bill Simon on CNBC by Tom DiChristopher. “Gas is an emotional purchase, as you know. People drive all the way across town for 2 or 3 cents a gallon. And now with gas at about half of what it was a year ago, I think consumer confidence is really starting to […]
Amazon quick to issue refunds for returned products by Spencer Soper at SF Gate. “The Seattle company takes 1.3 days on average to return cash, the quickest among online stores, according to research from StellaService, which tracks e-commerce data.” Read more Obama to propose 30-day notification requirement for companies victimized by hackers at […]
Target.com: 60% of Traffic Came from Mobile Over Holiday Season by Nick Halter at Minn./St. Paul Business Journal. “…up from just 25 percent last holiday season.” Read more ShopperTrak: Sales at 1,000 retail chains nationwide rose 4.6% to $270.1 billion in November and December, ShopperTrak, a Chicago technology company, said Thursday. The results […]
Costco December Comp +5% in US “Costco reported net sales of $12.12 billion for the month of December, the five weeks ended January 4, 2015, an increase of five percent from $11.53 billion during the similar period last year.” Read the release Family Dollar Q1 Comp Decreased 0.4% “December Comparable Store Sales Increase […]
Walgreens December Sales Increase 10.2 Percent “Total front-end sales increased 3.5 percent compared with the same month in fiscal 2014, while comparable store front-end sales increased 2.6 percent. Customer traffic in comparable stores increased 0.3 percent while basket size increased 2.3 percent.” Read more Costco’s Web Site Loaded Quickest Over the Holidays by […]
Online sales up 14 percent during holidays by Alexia Elejalde-Ruiz at Chicago Tribune. “The growth was more dramatic than the previous year. Online sales grew 8.5 percent during the 2013 holidays compared with the same period in 2012. People spent less per transaction, though. The average online order value dropped 8 percent in 2014 […]
Bloomberg: Target CEO $47 Million Retirement Illustrates 401(k) Gap by Carol Hymowitz & Margaret Collins. “In response to shareholder feedback, we embarked on a comprehensive overhaul of our executive compensation programs to even better align compensation with company performance,” said Eric Hausman, a spokesman for Target.” Read more GM to Offer Retailers a New […]
Luxe buyer not who you may think by Krystina Gustafson at CNBC. “57.5 percent of luxury spenders are actually male, and many are of Asian and Middle Eastern descent…The report, which examined 30,000 high-end shoppers, found that luxury brands lose 50 percent of their top customers each year by not correctly identifying them.” Read more […]