All Posts Tagged Tag: ‘Retail’

Groupon Buys Fashion Retailer Ideeli For $43 Million

Groupon announced on Monday that it has acquired fashion retailer ideeli for $43 million in cash. The purchase, Groupon says, will extend its presence in fashion and apparel. “These types of offers have been very popular with Groupon customers, and ideeli brings a significant presence within the industry as well as great relationships with top brands,” a Groupon spokesperson tells …

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Macy’s Job Cuts: Chain Aims To Save $100 Million

Despite its financial success over the holiday, Macy’s has announced plans for closings and layoffs for 2014. By early spring, the company will be closing five stores in Arizona, Kansas, Missouri, New York, and Utah – opening eight new ones in their stead. This change marks the start of Macy’s imminent restructuring to reduce annual company costs. As they combine …

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Amazon Sold 36.8 Million Items on Cyber Monday

In less than two decades Amazon has managed not only to become the internet’s largest retailer, but also a major competitor to traditional retailers such as Walmart. The success of the website continues to grow each year, and this year’s holiday season looks to be the biggest ever for Amazon.com. Amazon has now revealed a few choice statistics from its …

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Many Americans Still Putting-Off Holiday Shopping

This year’s Black Friday was a sales success, with customers spending more money on a variety of heavily discounted prices. Not everyone has finished up their holiday shopping, however. In fact, a sizable chunk of the American population has yet to even purchase one present. A new Consumer Reports survey today shows that 31% of Americans (the ones who plan …

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Amazon Has Worked With Vendors To Eliminate 24.7 Million Pounds Of Packaging

Back in 2008, Amazon announced its “Frustration-Free Packaging” initiative, working with nineteen manufacturers, including Fischer-Price, Mattel, Microsoft and Transcend, to make product packaging easier to get into so the whole buying-and-receiving process is less annoying. The phrase “first world problems” comes to mind, but even still, who doesn’t want opening a new toy to be as easy as possible? The …

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Black Friday Spending Down From Last Year

The Black Friday shopping weekend is almost over and shoppers are now taking a break from standing in lines to check the “Cyber Monday” deals online retailers are offering today. With stores opening earlier than ever on Thanksgiving Day this year, retailers were expecting record sales. The National Retail Federation (NRF) today released its estimates for this weekend’s U.S. sales. …

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Black Friday Was First Billion Dollar Desktop Shopping Day Of The Year

U.S. desktop ecommerce holiday spending was already up 14% year-over-year by for the first 24 days, ahead of Black Friday. Black Friday itself, comScore reports, was the first billion dollar online shopping day of the holiday season with $1.198 billion in desktop ecommerce in the U.S. According to the firm, as of December 1st, holiday online shopping in the country …

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Intel to Open ‘Pop-Up’ Retail Stores Next Week

Intel today announced that it will open its first ever “pop-up” stores in major cities in the U.S. The stores will appear starting next week in New York, Chicago, and Los Angeles. The idea behind the stores, according to Intel, will be to highlight tablets, notebooks, PCs, and hybrid devices that are based on the company’s processors. Customers will be …

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40% of Americans Have Engaged in ‘Showrooming’

The rise of online retail has certainly forced physical retailers to both rethink their business models and compete with companies that do not have to deal with store overhead. In addition to competing on convenience and price, physical retailers are susceptible to the phenomenon of ‘showrooming’ – the consumer practice of using retail stores as showrooms for products they intend …

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Google Tracks Consumers Through The Physical World To Give Data To Advertisers

Google is using consumers’ smartphones to track their locations and physical world shopping activities so they can give that data to advertisers as evidence of conversions for online ads that led to in-store purchases. John McDermott recently reported in a Digiday article: Google is beta-testing a program that uses smartphone location data to determine when consumers visit stores, according to …

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This Toys ‘R’ Us Ad Outraged Even Stephen Colbert

Last week, environmentalist Peter Gleick penned an editorial about a Toys “R” Us commercial from October that, frustratingly, decries hard science in favor of running amok in a toy store. “My wife and I were relaxing, watching TV when we saw this advertisement from Toys “R” Us. We were struck speechless with shock and anger,” he writes. “The camera pans …

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Assassin’s Creed IV Expected To Sell 8 Million

Fortune video game writer John Gaudiosi reported today that the latest Assassin’s Creed franchise entry, Assassin’s Creed IV: Black Flag, is expected to sell 8 million copies. The number comes from video game analyst for Wedbush Securities Michael Pachter, who said “I think Assassin’s Creed is successful because of its novelty. It’s a third-person adventure game with a pretty easy-to-learn …

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