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BUSINESS
January 8, 2014 | By Tiffany Hsu
Santa slacked off during the holidays, delivering a solidly so-so season for retailers. Shoppers were less impressed and more careful during the season compared with the previous one, doing their research before picking through shelves of uninspiring and often deeply discounted merchandise, according to a flurry of data, estimates and analyst notes released this week. Consumers spent $265.9 billion at stores during November and December, causing sales to rise 2.7% from a year earlier, according to initial results from data firm ShopperTrak.
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BUSINESS
January 8, 2014 | By Tiffany Hsu
Santa slacked off during the holidays, delivering a solidly so-so season for retailers. Shoppers were less impressed and more careful during the season compared with the previous one, doing their research before picking through shelves of uninspiring and often deeply discounted merchandise, according to a flurry of data, estimates and analyst notes released this week. Consumers spent $265.9 billion at stores during November and December, causing sales to rise 2.7% from a year earlier, according to initial results from data firm ShopperTrak.
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BUSINESS
September 22, 2011 | By Andrea Chang, Los Angeles Times
Retail industry groups are predicting a subdued holiday season, with smaller gains than in 2010, as consumers struggle with prolonged economic worries. The International Council of Shopping Centers on Wednesday forecast that U.S. holiday sales would post a moderate gain, with sales expected to increase 2.2% during the November-December period compared with the same period last year. The group said retail momentum had been good lately but that there were economic roadblocks ahead that could dampen sales.
BUSINESS
December 23, 2013 | By Tiffany Hsu
Last-minute shoppers visited fewer stores and spent less money last week than they did the week before, putting a pinch on retailers who had hoped for strong sales during the final weekend before Christmas, according to ShopperTrak. The data firm found that from Dec. 16-22, revenue at bricks-and-mortar stores slid 3.1% from the same week last year. Foot traffic tanked 21.2%. Harsh weather kept many consumers from reaching malls, according to ShopperTrak. And many Americans now research their shopping lists online before buying products in person, which results in fewer stores visited per shopping trip.
BUSINESS
December 23, 2013 | By Tiffany Hsu
Last-minute shoppers visited fewer stores and spent less money last week than they did the week before, putting a pinch on retailers who had hoped for strong sales during the final weekend before Christmas, according to ShopperTrak. The data firm found that from Dec. 16-22, revenue at bricks-and-mortar stores slid 3.1% from the same week last year. Foot traffic tanked 21.2%. Harsh weather kept many consumers from reaching malls, according to ShopperTrak. And many Americans now research their shopping lists online before buying products in person, which results in fewer stores visited per shopping trip.
BUSINESS
December 22, 2010 | By Andrea Chang, Los Angeles Times
Heavy rain in the West on Saturday wasn't enough to dampen holiday shopping, with U.S. retail sales surging 15.1% to $7.58 billion over the same day last year, according to estimates by research firm ShopperTrak RCT Corp. Foot traffic on so-called Super Saturday, the last Saturday before Christmas, rose 10.1%. But ShopperTrak noted that the sales figures appeared particularly robust because they were being compared with last year, when blizzard-like conditions resulted in weak sales in the Northeast and parts of the South.
BUSINESS
December 3, 2013 | By Tiffany Hsu
Bargain-hunting shoppers on Cyber Monday broke consumption records, making the online shopping bonanza the biggest e-commerce day in history, according to data from IBM Digital Analytics Benchmark. Online sales surged 20.6% compared with the same day last year, with Los Angeles rounding out a list of most active e-shopping cities that included New York, Washington, D.C., Chicago and Atlanta, according to IBM. Cyber Monday capped the highest five-day online consumption period in the books, as sales boomed 16.5% over the same stretch last year.
BUSINESS
January 11, 2011 | By Andrea Chang, Los Angeles Times
ShopperTrak, the latest retail tracking firm to release holiday figures, said Monday that U.S. retail sales rose a solid 4% year over year for the crucial November-December period. Foot traffic increased 1.8%. Poor weather hurt shopping trends in December, but better-than-expected sales in November helped boost the season, ShopperTrak said. "In December, retailers felt the wrath of Mother Nature as the crippling blizzard along the Eastern seaboard essentially wiped out shopping and delayed nearly $1 billion in sales on Dec. 26 and 27," the group said.
BUSINESS
November 12, 2013 | By Tiffany Hsu
The day after Thanksgiving is traditionally one of the busiest days of the years at malls and other shopping centers around the country, as the prospect of bargain bin televisions and dirt cheap clothing draws hordes of deal-hunters to shake off their turkey-fed stupor. But those throngs might be missing out on a much calmer and equally effective shopping strategy: hitting stores during the week. A new report from analytics firm ShopperTrak pegs Wednesday, Dec. 4, as the best day to shop with the least amount of store traffic during this year's holiday season.
BUSINESS
December 3, 2013 | By Tiffany Hsu
Bargain-hunting shoppers turned the latest Cyber Monday into the biggest e-commerce day in history, according to data from IBM Digital Analytics Benchmark. Online sales surged 20.6% compared with last year's Monday after Thanksgiving. Los Angeles was the third most active e-shopping city after New York and Washington but ahead of Chicago and Atlanta, IBM said. Cyber Monday capped the highest five-day online consumption period in the books, as sales jumped 16.5% over the same stretch last year.
BUSINESS
December 21, 2013 | By Tiffany Hsu
In store after store, signs trumpeted 50%-off deals, buy-one-get-one-free promotions and free gift cards with purchases. Shoppers scuttled past holiday decorations with bags hanging from their hands to their elbows. A little girl at Old Navy begged her mother to ask Santa to buy her three glittery plastic bracelets in different colors. Black Friday? Try Super Saturday. The start of the last weekend before Christmas is indisputably one of the busiest shopping days of the year.
BUSINESS
December 18, 2013 | By Tiffany Hsu
With a week to go before Christmas, retailers are in full battle mode, with many unveiling plans to keep their stores open for marathon stretches to give last-minute gift buyers every opportunity to spend. Toys R Us will throw its doors wide starting at 6 a.m. Dec. 21 - the consumption craze known as Super Saturday - and won't wrap up until 9 p.m. Christmas Eve. During that 87-hour spree, the chain also will tempt customers with price-matching programs, a constant cycle of inventory updates and discounts on hot items such as the Furby Boom toy. In New York's Times Square, the Toys R Us store has been open since 8 a.m. Dec. 1 and will remain operational through 10 p.m. on Dec. 24 in an unprecedented 566-hour run. Then there's Kohl's, whose doors will stay unlocked for more than 100 straight hours for the first time.
BUSINESS
December 3, 2013 | By Tiffany Hsu
Bargain-hunting shoppers turned the latest Cyber Monday into the biggest e-commerce day in history, according to data from IBM Digital Analytics Benchmark. Online sales surged 20.6% compared with last year's Monday after Thanksgiving. Los Angeles was the third most active e-shopping city after New York and Washington but ahead of Chicago and Atlanta, IBM said. Cyber Monday capped the highest five-day online consumption period in the books, as sales jumped 16.5% over the same stretch last year.
BUSINESS
December 3, 2013 | By Tiffany Hsu
Bargain-hunting shoppers on Cyber Monday broke consumption records, making the online shopping bonanza the biggest e-commerce day in history, according to data from IBM Digital Analytics Benchmark. Online sales surged 20.6% compared with the same day last year, with Los Angeles rounding out a list of most active e-shopping cities that included New York, Washington, D.C., Chicago and Atlanta, according to IBM. Cyber Monday capped the highest five-day online consumption period in the books, as sales boomed 16.5% over the same stretch last year.
BUSINESS
December 1, 2013 | By Tiffany Hsu and Paresh Dave
A record number of shoppers flooded stores on Thanksgiving, but that took a bite out of Black Friday sales, according to industry data released Sunday. Foot traffic on Thanksgiving was up 27% to nearly 45 million, compared with the 35 million visitors who shopped on the holiday last year, the National Retail Federation said. Black Friday remained by far the biggest consumption day, with more than 92 million shoppers. But the shopper count that day rose just 3% from 2012. A separate report from ShopperTrak showed Thanksgiving and Black Friday sales together rising 2.3% to $12.3 billion year over year, while traffic jumped 2.8% to more than 1.07 billion store visits over the two days.
BUSINESS
November 30, 2013 | By Tiffany Hsu and Andrea Chang
When Nordstrom in Thousand Oaks opened its doors Friday at 8 a.m., Chuck Pierson had been awake for more than two hours after being dragged "kicking and groggily screaming" on his wife's quest to find perfect shoes. The only fate that could be worse? Joining the hordes of shoppers who swarmed into stores the night before. "Maybe I'm just old-fashioned, but Black Friday - fine," said the nursing instructor, 65. "Black Thursday evening? I don't think so. " The annual Friday consumption extravaganza remains the busiest shopping event of the year, according to ShopperTrak.
BUSINESS
December 1, 2013 | By Tiffany Hsu and Paresh Dave
A record number of shoppers flooded stores on Thanksgiving, but that took a bite out of Black Friday sales, according to industry data released Sunday. Foot traffic on Thanksgiving was up 27% to nearly 45 million, compared with the 35 million visitors who shopped on the holiday last year, the National Retail Federation said. Black Friday remained by far the biggest consumption day, with more than 92 million shoppers. But the shopper count that day rose just 3% from 2012. A separate report from ShopperTrak showed Thanksgiving and Black Friday sales together rising 2.3% to $12.3 billion year over year, while traffic jumped 2.8% to more than 1.07 billion store visits over the two days.
BUSINESS
December 22, 2011 | By Shan Li, Los Angeles Times
As the clock counts down to Christmas Day, retailers have begun a big push to snare procrastinating shoppers searching frantically for last-minute gifts and hoping for final-weekend deals. Relishing the prospect of many all-day shoppers Saturday, stores across the nation are also extending hours, cutting prices and renewing bargain offers. Toys R Us stores nationwide began an all-day-all-night marathon that began Tuesday and continues until 10 p.m. Christmas Eve. That's a day longer than last year's endurance test.
BUSINESS
November 12, 2013 | By Tiffany Hsu
The day after Thanksgiving is traditionally one of the busiest days of the years at malls and other shopping centers around the country, as the prospect of bargain bin televisions and dirt cheap clothing draws hordes of deal-hunters to shake off their turkey-fed stupor. But those throngs might be missing out on a much calmer and equally effective shopping strategy: hitting stores during the week. A new report from analytics firm ShopperTrak pegs Wednesday, Dec. 4, as the best day to shop with the least amount of store traffic during this year's holiday season.
BUSINESS
September 23, 2013 | By Tiffany Hsu
Retailers this season won't hire more holiday workers than they did last year, when the number of temporary workers brought onboard reached a 12-year high, according to a new forecast. Instead, the Challenger, Gray & Christmas Inc. consultancy said stores and distribution centers will probably add roughly 665,800 workers to their headcounts, with the bulk of hires being made in October. At best, companies can hope to match their hiring levels from 2012, when 751,800 workers joined their ranks between Oct. 1 and Dec. 31, the consultancy said.
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