The Changing Seasons of Holiday Retail Spending
Retail spending is constantly changing. Americans in 2012 spent $4.3 trillion on retail purchases. For ecommerce more than 5% or $225 billion was spent on ecommerce sites.
ecommerce
AdamAndEve.com Sees Double Digit Sales Growth in Q2
AdamAndEve.com reported strong sales and profits in its second quarter of 2013. The company reported a 12% increase from Q2 2012.
Merchants Get Creative for Back-to-School
Merchants are in the midst of the back-to-school rush and are finding various ways to promote this busy time of the year.
Ralph Lauren’s First Quarter: “Better Than Expected”
High-end apparel retailer Ralph Lauren reported “better than expected” first quarter 2014 results this week, according to a press release. Net income was $181 million for the first quarter compared to $193 million for first quarter fiscal 2013.
The Wet Seal’s Second Quarter Shows Flat Ecommerce Sales
The Wet Seal announced ecommerce sales were flat for the second quarter, according to a release. The retailer reported $120.5 million in net sales, an increase of 6.0% from last year.
Vitamin Shoppe Inc. Announces Second Quarter Results
2Q13 Highlights: – Total revenue increases 14.1%, includes Super Supplements – Comparable store sales grew 2.3% – E-commerce revenues increased 18.5%, 8th consecutive quarter of double-digit growth – Fully diluted EPS of $0.60 – Opened 10 new stores.
Target Acquires DermStore Beauty Group
Target announced this week it will be acquiring independent skin care ecommerce site DermStore Beauty Group. The acquisition will position Target to expand its share of evolving online beauty market and will further differentiate the company’s offerings, according to a press release from Target.
The Children’s Place Goes Social With Apology
Clothing and accessories merchant The Children’s Place apologized on social media this week for what many considered an offensive message on a girls’ t-shirt (See a sampling of tweets from outraged consumers here).
Reinvention
Wouldn’t it have been a master stroke if Jeff Bezos bought the Washington Post on Amazon’s “Daily Deal” Web site?
J.C. Penney Sees Online Growth for Back-to-School
What a difference a year makes. J.C. Penney, which faced customer backlash, slumping sales, and the stepping down of CEO Ron Johnson, has now become one of the top online shopping destinations for back-to-school sales.