November 22, 2013 |
Like the Cold War arms race, retailers' assault on Thanksgiving appears to have reached the point of unremitting insanity. Next week Target, Kohl's, K-Mart, Sears and many other retailers will be opening their stores for some Thanksgiving hours starting in the evening or earlier. They join Wal-Mart, which has always been open during Thanksgiving but which this year will be pumping up its holiday discounts to lure determined bargain-hunters into the stores. Plan on consuming a heaping helping of reports and videos of Thanksgiving Day mayhem, some of it possibly lethal, with your turkey leftovers next Friday.
December 15, 2012 |
Just putting a price on a product and sticking it on a shelf is so old school. And with consumers buying more online each year, bricks-and-mortar retailers are working harder to add entertainment to their mix - from American Girl's scavenger hunts to the Art of Shaving's product demonstrations. These experiences are something consumers can't get from online shopping. "You can buy a product just about everywhere. They are trying to add a different element so it is not just about the product," said Wendy Liebmann, chief executive of WSL/Strategic Retail, a retail strategy firm in New York.
December 11, 2011
It's an increasingly common sight at the mall: shoppers using their smartphones to scan the barcode of an item they like and checking its price online. Some scanning applications go further, letting shoppers buy the item from a competing Web retailer with just a few taps on the screen. The largest online seller, Amazon.com, even offers customers up to $5 off the items they scan in other companies' stores. The brick-and-mortar shops may be able to match their online rivals' discounts, but there's one competitive disadvantage they can't overcome: Many online retailers do not collect sales taxes from customers outside of the state where they are headquartered.
November 1, 2012 |
Shoppers hit the malls and handed retailers a healthy gain in October before Sandy pummeled the Northeast, a positive sign pointing to a decent holiday season head. Major chains posted a 2.7% increase in retail sales in October compared with the same month a year earlier, on par with analysts' expectations, according to Thomson Reuters' tally of 18 retailers. Excluding drugstores, however, retail sales are up 4.7%, exceeding expectations of 4.3%. Retailers are looking ahead to the effects that Sandy may have on consumers in the coming months, especially those in the hardest-hit states who will have to repair or rebuild their homes.
November 28, 2013 |
It's a retailer's worst nightmare: trampling, shoplifting and fighting on the busiest shopping day of the year. With several high-profile Black Friday incidents in recent years, merchants and shopping centers are on high alert. Security has been significantly beefed up and retailers have been training sales clerks on how to deal with crowds and protect not only customers but also employees and merchandise. "There's going to be double the security in stores on Black Friday morning," said Britt Beemer, chairman of consumer behavior firm America's Research Group.
March 1, 2012 |
Drawn by unseasonably warm weather across much of the country, shoppers hit the malls in February with their wallets open and handed retailers a robust start to the spring shopping season. Major chain stores posted a healthy 4.7% sales increase in February compared with the same month a year earlier, beating analysts' expectations of a more modest 3.4% rise. Discounters, teen retailers and apparel sellers all posted healthy sales increases, according to Thomson Reuters ' tally of 18 retailers.