Wednesday, November 30, 2016

Retail Clicks Beating Bricks -- 4 Ways To Recover

Like swimsuits marked 70% off in October, third-quarter retail sales were a little short when it came to physical presence, yet long in revealing the problem spots for major retailers.

Among those spots are online sales, which will evidently play a larger role in determining how well retailers perform through the holidays. The earnings reports of several major merchants showed that even when beating Wall Street estimates, brick-and-mortar stores are seeing declines due to online competition.. . . more

Shinola opens in Boston

Image result for shinola store at prudential centerShinola, the Detroit-based retailer that makes high-end watches, bicycles and leather goods built in the U.S., opened its first store in Boston last week in the Prudential Center.

The company, which has 609 employees (565 of them in the U.S.) now has nearly two-dozen stores around the world and is expanding rapidly. The company has two plants in Detroit that churn out leather goods and watches and plans to open another facility in Chicago.. . . more

Here's How Much Engagement Holiday Retailers Are Getting in Social Media So Far

Since Nov. 1, Origami Logic has been tracking 125 brands across Facebook, Instagram and YouTube to gauge the level of engagement holiday-focused marketers are achieving.

The company, which offers marketing software and services, found that the brands it's tracking had generated nearly 1.2 million engagements from 805 posts through Cyber Monday.

Standout holiday retailers so far include Nordstrom, Lowe's and Old Navy.. . . more

Albertsons in advanced talks to buy Price Chopper

U.S. supermarket chain Albertsons Companies Inc is in advanced talks to acquire closely held grocery store operator Price Chopper for around $1 billion, people familiar with the matter said on Tuesday.

A deal would underscore the wave of consolidation sweeping the U.S. grocery industry, as regional chains struggle to compete against online retailers such as Inc, big box stores such as Wal-Mart Stores Inc, and discount chains such as ALDI Inc.. . . more

Study details growth of online shopping over holiday period

Move over Cyber Monday, Cyber Week is the new buzz term. 
Cyber Week, comprised of Thanksgiving Eve, Nov. 23 through Cyber Monday, Nov. 28, is attracting more shoppers as they “grow more and more comfortable shopping on their phones and tablets, opening up the timetable for brands to reach them during the holiday shopping season," said Tony Zito, CEO, Rakuten Marketing.. . . more

U.S. private employers boost hiring; consumer spending rises

U.S. private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next month.

The ADP National Employment Report showed on Wednesday that private payrolls increased by 216,000 jobs this month, well above economists' expectations for a gain of 165,000 jobs. The report is jointly developed with Moody's Analytics.. . . more

Tuesday, November 29, 2016

Books, beer, and brisket as Barnes & Noble reopens in Edina, Minn.

itempropBarnes & Noble Inc. will open its new-concept store in the Galleria Tuesday, one with a full-service restaurant and bar aimed at getting people to stay longer.

The 21,500-square-foot store on the lower level replaces a 38,000-square-foot store in the upscale mall in Edina.. . . more

How the Strategic Opening of Retail Stores Can Revitalize City Neighborhoods

The opening of a new retail store or restaurant can quickly bolster a neighborhood, creating cascading benefits for the residents ranging from access to healthy food and convenient services to increased property values and safer streets.

Here are six snapshots of how the opening of retail stores dramatically upgraded Chicago neighborhoods that had fallen on lean times:. . . more

GDP rises at 3.2% annual pace, strongest in more than two years

The economy grew at the fastest pace in over two years in the third quarter as consumers and government stepped up their spending and exports surged.

Gross domestic product expanded at a 3.2% annual rate in the Commerce Department’s second reading, released Tuesday. That is the strongest pace since the second quarter of 2014. It beat the consensus estimate of a 3.1% growth rate among economists surveyed by MarketWatch.. . . more

Ex JCPenney CEO Allen Questrom: Sales have 'become a cancer' for department stores

Image result for macy's store sale "The sale has become a cancer" for department stores feeling increasingly out of touch with millennial and Generation Y shoppers, former JCPenney CEO Allen Questrom told CNBC on Tuesday.

"When business gets tough, we add another sale," Questrom told "Squawk Box," noting that there are plenty of brick-and-mortar stores like Zara and Uniqlo that do very well without perpetually offering sales to boost business.. . . more

Why New York’s most beloved stores are dying

Image result for going out of business sale‘Tis the season to be shopping — but in Manhattan, where?

New Yorkers set in their retail routines are suffering annoyance and anxiety as their favorite places to browse close. And the industry responsible for a big chunk of New York’s recent job growth is facing serious woes.. . . more

Black Friday: Top Five Takeaways

The Fung Global Retail & Technology team visited 35 stores throughout the Greater New York City area and Las Vegas on Black Friday for a first-hand view on traffic and sales.  Here are their top five takeaways from their store visits: 
Cyber Monday Starts Early for Walmart:  Walmart kicked off its Cyber Monday deals at 12:01am EST on Friday for the first time ever, as it aims to grab customers ahead of its competitors. Last year, the company posted its Cyber Monday deals on the Sunday evening following Thanksgiving.. . . more

These 10 retailers dominate holiday sales

Image result for walmartAs consumers vie for the best holiday deals, investors are shopping for ways to make money on retail stocks.

Revenue reported by retailers in the broad Standard & Poor's 1500 is expected to rise 5.4% during the fourth quarter to hit $567.4 billion, according to a USA TODAY analysis of data from S&P Global Market Intelligence. Just 10 companies are expected to haul in 66.7% of all the revenue retailers in the S&P 1500 are seen collecting during the pivotal fourth quarter.. . . more