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retail watch

Retailers in a Holidaze as 24-Hour Holiday Shopping Spreads To Toys R Us

Posted by Dale Buss on December 14, 2012 12:18 PM

This year we saw "Black Friday" creep, with store openings encroaching on Thanksgiving a troubling US retail trend to many. Now, get ready for the overnight retail rush heading into the final stretch of Christmas shopping.

Macy's has announced it will be open 24 hours a day, starting at 7 a.m. on Friday, December 21, and running through 7 a.m. on Sunday, December 23. And now comes the announcement by Toys R Us that it will stay open nationwide for 88 continuous hours beginning at 6 a.m. on December 21 through 10 p.m. on Christmas Eve.

In fact, the Toys"R"Us global flagship in New York's Times Square is going for an even bigger record. It opened its doors for 24/7 shopping at 7am on Sunday, December 2, and is keeping them open until 10pm on Christmas Eve, "providing New Yorkers and visitors alike a record-breaking 543 consecutive hours to shop around the clock for all their gift-giving needs."

Whether any store really needs to stay open until 10 p.m. on Christmas Eve — how much of a procrastinator do you have to be to be Christmas shopping at that hour? and how much overtime are the workers getting for those overnight shifts? — is another issue. Does a never-close-the-doors promotion really help time-stressed consumers and help the retailer pick up market share during an already-frenetic month?Continue reading...

shopper insights

Do Consumers Care if it's Black Friday, Cyber Monday or Mobile Monday?

Posted by Sheila Shayon on November 26, 2012 05:07 PM

We won’t know for sure until tomorrow, but according to the IBM Digital Analytics Benchmark, “all signs point to Cyber Monday being a banner year for retailers, marketers and CMOs. With sales up 24.1 percent over 2011, the multiscreen shopper is out in full force this year.”

Black Friday in-store sales were undercut by Thanksgiving Early Bird sales, as well as mobile and web e-commerce, and according to the Wall Street Journal, "Total spending for the weekend reached an estimated $59.1 billion, a 13% increase from a year ago, according to the National Retail Federation...A consumer survey conducted for the trade association by BIGinsight found that shoppers spent an average of $423 over the weekend, up 6% from $398 last Thanksgiving weekend."

Sales projections for today, re-christened ‘Mobile Monday,’ will be further fueled by smartphones leveraging a plethora of apps. "Our findings reinforce that mobile is not just another channel," Chia Chen, mobile practice leader for Digitas, told Mobile Commerce Daily. "It's a technology-driven cultural phenomenon that is changing how people are connecting to brands and commerce.” Continue reading...

black friday

Black Friday In-Store Sales Undercut by Thanksgiving Early Birds, Mobile and Web

Posted by Shirley Brady on November 25, 2012 10:10 PM

The so-called "Grey Thursday" pre-Black Friday rush didn't seem to stop Walmart from having its best Black Friday ever. So how did it all play out over the weekend, and as Cyber Monday morphs into Mobile Monday?

According to the Wall Street Journal, "Total spending for the weekend reached an estimated $59.1 billion, a 13% increase from a year ago, according to the National Retail Federation. Last year the group said sales rose 16% over the weekend. A consumer survey conducted for the trade association by BIGinsight found that shoppers spent an average of $423 over the weekend, up 6% from $398 last Thanksgiving weekend."

As noted by Reuters, comScore estimated that "Black Friday sales during the 24 hours of November 23 passed $1 billion ($1.042 billion) in online sales for the first time, making it the heaviest online spending day to date in 2012 (with 57 million shoppers visiting e-commerce sites) and a 26-percent increase versus Black Friday 2011. Thanksgiving Day (November 22), while traditionally a lighter day for online holiday spending, achieved a strong 32-percent increase to $633 million."

According to IBM's Black Friday 2012 report, US shoppers once again took advantage of early promotions this holiday season, driving a 17.4 percent increase in online sales Thanksgiving Day. This increase set the stage for 20.7 percent growth on Black Friday. Online sales on Black Friday increased 21% over last year, IBM estimated by analyzing data from 500 retailers, including 50 of the 100 largest web retailers. The biggest surge came from mobile consumers, with sales reaching 16.3 percent, led by the iPad. Other takeaways by IBM:Continue reading...

black friday

Walmart's Biggest Black Friday Marred by Labor Dispute

Posted by Shirley Brady on November 23, 2012 07:58 AM

Black Friday shoppers in the US (and Canada) could set a record today, as the post-Thanksgiving annual retail rush is on.

Here in New York, just before midnight on Thanksgiving evening, I observed massive line-ups at the corner of Broadway and Lafayette for Adidas and Best Buy on the northeast corner of that intersection, and smaller queues starting at the southeast corner for Hollister, H&M, Uniqlo and, across the street, American Eagle and Victoria's Secret. Police, using bullhorns, tried to get the crowds to disperse by announcing, "Stores don't open until 8 A.M." — but the shoppers, mostly in their late teens and 20's it appeared, were undeterred.

All eyes, in particular, are on Walmart today, which has been downplaying the threat of OUR Walmart-organized employee strike action at its stores across the US, which are being organized online and shared on Twitter via the #walmartstrikers#changewalmart and #makingchange hashtags, and on Tumblr.Continue reading...

black friday

Google Expands Indoor Retail Maps in Time for Black Friday

Posted by Shirley Brady on November 22, 2012 03:03 PM

This holiday shopping season is all about mobile, and Google wants to help Black Friday shoppers not get lost. Last November, the Google Maps app headed indoors, mapping the interiors of locations such as IKEA, airports and shopping meccas such as Mall of America. This month, it expanded its indoor retail mapping in time for Black Friday sales beyond Android devices, and now offers "over 10,000 detailed floor plans of locations in nine countries," including Macy's New York City flagship. Google is also promoting its voice-activated search app this holiday season.

brand news

In the News: BBC, Facebook, GM and more

Posted by Shirley Brady on November 22, 2012 09:02 AM

Happy Thanksgiving to our American readers! Businesses prepare for Black Friday rush as record number of US retailers (including strike-threatened Walmart, Kmart, Target and Toys R Us opening on Thanksgiving) and consumer sentiment remains "shaky." Google notes American Thanksgiving with homepage logo nod to Macy's parade (above) and a round-up of holiday links.

Apple must disclose HTC deal to Samsung.

BBC praised for appointing outsider — Royal Opera House CEO Tony Hall — as director general.

BlackBerry 10 prep revs up RIM outlook.

Coca-Cola enters F1 with Burn energy drink brand sponsoring the Lotus racing team.

Facebook proposes to ends voting that gives users a collective ability to nix privacy policy decisions.

GE retired CEO Jack Welch "unretirement" makes cover of Bloomberg Businessweek.Continue reading...

retail watch

Watch Out, Bargain Hunters: One in Five Duped Into Buying Fake Goods Online

Posted by Sheila Shayon on November 21, 2012 05:02 PM

"Buyer beware" applies now, more than ever, as holiday shoppers take to the web and mobile to snap up bargains. According to the latest MarkMonitor Shopping Report, one in five bargain hunters in the U.S. and Europe mistakenly shopped on e-commerce sites selling counterfeit goods while searching for deals online.

“Consumers are being waylaid by rogue e-commerce sites, causing brands to lose business. The findings from our Shopping Report underscore the importance of developing proactive brand protection strategies in the digital age,” said Fredrick Felman, chief marketing officer of MarkMonitor, Thomson Reuters' enterprise brand protection business.

Working with Nielsen “to analyze anonymized data from Nielsen’s permissioned online panelists in six countries over a nine-month period, nearly five million shopping sessions were surveyed…focusing on the search terms the shoppers employed, such as 'fake,’ 'replica,’ 'cheap' or ‘discount,’ to determine their motivation.”

The MarkMonitor Shopping Report examined multiple demographics including age, income, education levels, and household size, and found that there are only minimal differences between online consumers seeking counterfeit goods and bargain hunters looking for a good deal on legitimate goods.

“These findings really challenge the common assumption that consumers who purchase counterfeit goods are distinctly different than those consumers buying genuine goods,” said Eric Solomon, SVP, global digital audience measurement, Nielsen.

“Deal seekers outnumbered consumers seeking fakes at the rate of 20 to 1,” notes the release from MarkMonitor, but deceptive pricing on counterfeit goods, often priced comparably to legitimate goods on sale, discounted at 25–50% off list prices, suggest ‘blowout’ or year-ender sales and lure unsuspecting shoppers.Continue reading...

black friday

Pee-Commerce: The Curious Places Where America Goes Holiday Shopping

Posted by Sheila Shayon on November 21, 2012 01:08 PM

Americans are shopping en masse on mobile devices and increasingly in unusual places, including (ahem!) on the toilet, according to new research from CashStar, the digital gifting and incentives firm. And not because they're supporters of World Toilet Day.

Apparently, more than 38 million online adult Americans have shopped in the can — men, it seems, more prone to that kind of multitasking than women, in case you were wondering — while almost 17 million have shopped on their mobile device while standing in the retailer's physical store.

"Smartphones and tablets have enabled consumers to shop and gift on-the-go in more ways and places than ever before," said David Stone, co-founder and CEO of CashStar.

Other report findings include:

  • More than four million have shopped online while driving a car.
  • More than nine million admitted secretly shopping while in a business meeting.
  • More than seven million have filled their grocery and online shopping carts at the same time.

"The retailers who have been paying attention and catering to where and how consumers want to shop by mobile-optimizing their e-commerce sites and offering mobile eGift Cards will reap the rewards this holiday season and have a jump on the competition going into 2013,” added Stone.Continue reading...

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