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“Happening Today: Walmart Opens Two New Supercenters in DC (Finally!)” See the in-store video via WUSA 9 News See the in-store pics via WTOP “Walmart Spends $57 Million on TV in November (Double Target’s Spend)” at Placed via Seeking Alpha. “Walmart invested more than twice as much in TV advertising as any of […]
“Cyber Monday Sales Jump 16% to $2.29 Billion; Internet Retailers Take 42% Share” via Adobe Digital Index. “A record 18.3 percent of sales came from mobile devices, an increase of 80 percent YoY. Consumer shopping preferences continued to shift online with Cyber Monday being the fifth day in a row of record breaking online […]
Thanksgiving / Black Friday stats at a Glance: National Retail Federation (NRF) * Traffic Up: More than 141 million unique shoppers have already or will have shopped by the end of the big Thanksgiving weekend, up from 139 million over the same time frame last year. * Spending Down: Shoppers spent $407.02 from Thursday […]
“Target Wants To Launch An Accelerator In India” by Pankaj Mishra at TechCrunch. “Target has long looked to India to fuel its software applications and back-office projects. Now, the Minneapolis-based retailer is doubling down on the country’s tech potential. Come January 2014, Target is planning to launch the Target Accelerator Program, a corporate incubator […]
“Wal-Mart Taps Veteran as New CEO” by Shelly Banjo at WSJ. “In a meeting with senior managers in Bentonville on Monday, Mr. McMillon highlighted his commitment to following in founder Sam Walton’s footsteps by placing more focus on merchandise but also underscored the changing and evolving needs of the customer, according to a Wal-Mart […]
“Walmart Haters Try to Ignite Social Media Controversy” by Laura Clawson at Talking Union. “A Thunderclap touting Black Friday as Walmart’s Super Bowl was identified as being from “a proud associate.” But it turns out that proud associate was Umang Shah, Walmart’s director of social strategy. Outed by Eric Ming as the originator of […]
Dissecting Target’s Q3 Earnings Call: Top 10 Main Things Gregg Steinhafel, Chairman & CEO * Guests continue to consolidate trips as evidenced by a slight decline in our third quarter transactions which was offset by an increase in average ticket. * The response to Cartwheel, our digital coupon portable, has been remarkable. Cartwheel now has […]
“Breaking: Target Q3 Comp Sales Up Sluggish .9%” “In third quarter 2013, sales increased 2.0 percent to $16.9 billion from $16.6 billion last year, reflecting a 0.9 percent increase in comparable sales.” Read the Full Release “Target earnings beat; shares slip on light sales” at CNBC. “Target on Thursday reported comparable sales rose […]