| MCM THURSDAY
News and Intelligence for the Multichannel Merchant May 29 , 2013 |
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| Corporate Buyers Expect Online Spending to Increase
By Daniela Forte Acquity Group's 2013 State of B2B Procurement Study discovers 40% of corporate buyers spend at least half of their procurement budget online, but many suppliers lack the online capabilities they demand. |
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| NRF Asks Judge to Reject Swipe Fee Settlement
By Erin Lynch The National Retail Federation, along with 20 other retailers, have asked a federal judge to reject a proposed settlement over credit card swipe fees alleging it is an “evil” price fixing practice conducted by Visa and MasterCard. |
| Consumer Confidence Index Increases to Five-Year High
By Tim Parry The Conference Board Consumer Confidence Index, which had improved in April, increased again in May. The Index now stands at 76.2 (1985=100), up from 69.0 in April. The Present Situation Index increased to 66.7 from 61.0. |
| Brick and Mortar Retailers Beat Out Online Counterparts
By Erin Lynch As online retailing has become a force to be reckoned with in the retail industry, a close look at how brand equity varies for brick and mortar vs. online brands beckons. Measuring many online retail brands for the first time in the 2013 Harris Poll EquiTrend Study shows that when it comes to the brick and mortar and sides of a single brand, the etailer side lags. |
| Brookstone Appoints William E. Watts as Executive Chairman
By Tim Parry Brookstone, Inc., the innovative product development company and multi-channel specialty retailer, announced today the appointment of William E. Watts as the Company's new Executive Chairman of the Company's Board of Directors, effective immediately. |
| Best Buy Online Sales Sees Growth in First Quarter
By Daniela Forte Best Buy reported a 16% jump in domestic online sales for the first quarter which ended May 4 compared to last year’s first quarter. According to president and CEO Hubert Joly, the company continues to make substantial progress with its Renew Blue priorities, according to a press release on BestBuy.com. |
| Mcommerce To Jump 25% by 2017
By Daniela Forte In 2017, it is expected that 72% of all mobile retail sales will be done on tablets. Today, 15% of all online commerce will be conducted on mobile commerce, but that share is expected to reach 25% by 2017, according to this infographic by eMarketer. |
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