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Sears Holdings said in its third-quarter earnings release that it has seen 17% year-to-date growth in its online and multichannel sales over the prior year. However, total sales for the parent company of Sears and Kmart was down 3.1% for the quarter.
More shoppers will engage in couch commerce since they know that they can find the widest selection at the best price without leaving their couch or dealing with the masses.
Staples as a whole did $6.1 billion in sales during its fiscal third quarter. However, that equates to a decrease of 3.8% compared to the same period in 2012. Its ecommerce and B2B sales, however, were positive.
Third-quarter net sales at JCPenney were down 4.8%, but its ecommerce arm continues to shine. Online sales through JCP.com were $266 million for the quarter, up 24.5% versus the same period last year and reflecting sequential increases through the quarter.
FTI Consulting believes that retailers’ gross margins will continue to be pressured by aggressive promotional activity. Retailers focused on the bottom-line must decide how to approach holiday markdowns without jeopardizing the profitability of the season.
The U.S. Postal Service lost $5 billion in fiscal 2013, which ended on Sept. 30. However, the USPS highlighted in a press release that it did see a slight revenue increase, thanks in part to an 8% growth in its package services business.
Little Tikes has rolled out a website “renovation,” providing a redesigned look and feel, added content and more insight and value to its consumers. The brand also rolls out its new tagline, “The Wonder of Little Tikes,” embracing the awe-inspiring moments that connect parents and their children.
The National Retail Federation’s consumer spending survey found that early October promotions drove millions of U.S. Consumers to begin their holiday shopping. In fact, the survey found that 53.8% shoppers have started already and 46.2% said they have yet to start.
The United States Postal Service has announced that customers will see a price increase of 2.4% effective Jan. 2014 for its shipping services.
Turnaround specialist Roland Smith was named chairman and CEO of Office Depot Inc. on Nov. 12, effective immediately, and replaces Office Depot’s Neil Austrian and OfficeMax’s Ravi Saligram, who were named co-CEOs of the merged company just last week.
by Curt Barry
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