Companies Expand Holiday Deals as Cyber Creep Sets In
With a big Cyber Weekend expected, we wanted to take a look around the retail and ecommerce landscape to see what holiday deals were on tap for shoppers.
Best Buy
Best Buy Keeps an Eye on Store Count as Ecommerce Growth Booms
Best Buy reported flat comps but 24% growth in ecommerce during the first quarter, as domestic revenue was down due to store closures and pricing pressure. Midway through its $400 million cost reduction effort, the company is keeping an eye on store count while playing up the importance of physical locations in its overall omnichannel customer experience.
Curbside Expands to New York, Tries Out New Light-Up Stations
Pickup app Curbside has expanded to New York and Los Angeles, and is testing an updated pickup location with color-coded lights to signal shoppers.
Best Buy Expanding Availability of Curbside Pickup
Mobile app-driven startup service Curbside has expanded beyond Bay area Target locations and a San Jose mall to include three Best Buy stores in the area.
Best Buy Announces Free Two-Day Shipping
In an effort to lure more holiday season shoppers, Best Buy announced it was offering free two-day shipping on thousands of online items.
How Omnichannel Can Fail at the Brick and Mortar Level
If you consider the entire month of November the holiday season, then (as a customer) I’ve had three instances of omnichannel fails this holiday season. And all three fails were … Continue Reading →
Best Buy Sees Online Spike in Second Quarter
While Best Buy saw its domestic revenue decline by 2.4%, its online revenue increased by 22% or $581 million in the second quarter, the company said in a press release.
Best Buy’s 4Q Ecommerce Sales Increase 25.8%
It was a good quarter for online sales at Best Buy. The company reported that comparable online sales of $1.57 billion saw an increase of 25.8% over 2012, according to its earnings release.
Best Buy Blames Price Competitiveness in Holiday Sales Decline
The competition in price played a major role in the declining 2013 holiday sales results at Best Buy, according to a statement released by the electronics retailer. In the nine week holiday period that ended on Jan. 4, Best Buy reported $11.45 million in revenue, down slightly from the 2012 holiday season of $11.75 million.
Best Buy Reports 10.5% Increase In Online Sales
Best Buy reported an increase in online sales of 10.5% reaching $477 million for its second quarter which ended Aug. 3, according to a press release.