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 […]
Online Retailers Rebound After Last Year’s Christmas Delivery Debacle by Jason Del Rey at Recode. “Shoppers hired by StellaService placed 160 orders on the last possible day an order could be placed to make it in time for Christmas and found that eleven of those orders didn’t arrive on time, for a seven percent […]
Walgreen Q1 Front-End Comp +1.5% “First quarter sales increased 6.7 percent compared with the prior-year quarter to a record $19.6 billion, with total sales in comparable stores increasing 5.7 percent…customer traffic in comparable stores decreased 2.7 percent, basket size increased 4.2 percent.” Read the release Canada: Walmart stores busy, Target stores, not so much […]
Retailers’ holiday hopes rise after busy weekend by Jayne O’Donnell at USA Today. “Shopping at a Target in Milford, Mass., Tony Faath says “the store was mobbed,” but clerks were doing their best to keep lines moving. And, unlike Black Friday, there were no crazed rushes to deals, shelves weren’t bare and “the shoppers […]
Tuesday Tipsheet: H.Depot/Wgreen #1 App | Amazon +405 @ CES | Online Sls +14%
/in Eye-on-RetailOnline 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 […]
Monday Tipsheet: Target’s 401(k) ‘Reform’ | Dick’s LBO? | ‘Blue Light Week’
/in Eye-on-RetailBloomberg: 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 […]
Tue. Tipsheet: Costco ‘Shocked’ w/Tmall | Target’s Annie ‘Controversy’ | Kroger Expands Online Test
/in Eye-on-RetailLuxe 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 […]
Monday Tipsheet: ‘Wardrobing’ | Galanti Re-Elect | UK: 31% Returns
/in Eye-on-RetailOnline Retailers Rebound After Last Year’s Christmas Delivery Debacle by Jason Del Rey at Recode. “Shoppers hired by StellaService placed 160 orders on the last possible day an order could be placed to make it in time for Christmas and found that eleven of those orders didn’t arrive on time, for a seven percent […]
Tuesday Tipsheet: Wgreen Front-End +1.5% | Target Can. Slow | Frank Blake Gold
/in Eye-on-RetailWalgreen Q1 Front-End Comp +1.5% “First quarter sales increased 6.7 percent compared with the prior-year quarter to a record $19.6 billion, with total sales in comparable stores increasing 5.7 percent…customer traffic in comparable stores decreased 2.7 percent, basket size increased 4.2 percent.” Read the release Canada: Walmart stores busy, Target stores, not so much […]
Monday Tipsheet: Costco Finds Vin Scully’s Ring | ‘Lumberjack chic’ | Haggen Wants 164
/in Eye-on-RetailRetailers’ holiday hopes rise after busy weekend by Jayne O’Donnell at USA Today. “Shopping at a Target in Milford, Mass., Tony Faath says “the store was mobbed,” but clerks were doing their best to keep lines moving. And, unlike Black Friday, there were no crazed rushes to deals, shelves weren’t bare and “the shoppers […]