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 […]
Costco reports federal probe about prescriptions for controlled substances by Angel Gonzalez at Seattle Times. “Costco said Thursday it has been informed by federal attorneys that they believe the company has violated civil regulations about the handling of prescriptions for controlled substances.” Read more Amazon offers one-hour shipping in Manhattan at AP via […]
Target CEO announces leadership promotions by Nick Halter at Minn./St. Paul Business Journal. “Omnichannel president and senior vice president Casey Carl moved into the leadership team, reporting to Cornell as chief strategy and innovation officer. Jason Goldberger has been named president of Target.com and mobile. Chief Marketing Officer Jeff Jones will take on added responsibilities, including […]
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 […]
Friday Tipsheet: Feds Probe Costco | Kmart Layaway ‘Debacle’ | Amazon 1 Hr Ship
/in Eye-on-RetailCostco reports federal probe about prescriptions for controlled substances by Angel Gonzalez at Seattle Times. “Costco said Thursday it has been informed by federal attorneys that they believe the company has violated civil regulations about the handling of prescriptions for controlled substances.” Read more Amazon offers one-hour shipping in Manhattan at AP via […]
Thursday Tipsheet: Target Leadership Changes | Menards Jingle History | Hoarding Buckwheat
/in Eye-on-RetailTarget CEO announces leadership promotions by Nick Halter at Minn./St. Paul Business Journal. “Omnichannel president and senior vice president Casey Carl moved into the leadership team, reporting to Cornell as chief strategy and innovation officer. Jason Goldberger has been named president of Target.com and mobile. Chief Marketing Officer Jeff Jones will take on added responsibilities, including […]