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Tag: holiday

Newegg kicks off sales holiday – in late January

Get great content like this right in your inbox. Subscribe A tech-focused e-tailer is staying busy with online sales events. Newegg, which also runs an annual “FantasTech” online tech product sale in July to compete with Amazon Prime Day and a “Smart September” promotion, has kicked off its “19th Anniversary Sale-a-Bration.” Each year in late …

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Another study confirms mobile’s strong holiday performance

Get great content like this right in your inbox. Subscribe The 2019 holiday season may prove to be a watershed event for mobile commerce. According to a new study from mobile commerce optimization platform Button, there was a 68% increase in overall mobile spend per shopper during the 2019 holiday season compared to the same …

Another study confirms mobile’s strong holiday performanceRead More

GameStop holiday sales plummet; lowers forecast

Get great content like this right in your inbox. Subscribe The holiday season brought no cheer to GameStop. The beleaguered retailer reported that its total global sales plunged 27.5% to $1.83 billion for the nine-week holiday period ended January 4, 2020. Same-store sales fell 24.7%. GameStop said its holiday results were indicative of overall industry …

GameStop holiday sales plummet; lowers forecastRead More

NPD Group: General merchandise holiday sales fall flat

Holiday sales for key general merchandise categories were disappointing despite a strong last-minute push. That’s according to The NPD Group, which reported that general merchandise sales rose only 0.2% throughout the holiday season 2019 compared to 2018. Although the final holiday shopping week, which included Christmas and Hanukkah, showed robust growth and sales volumes across …

NPD Group: General merchandise holiday sales fall flatRead More

Kronos survey finds many stores were understaffed for holiday season

Only one in three stores were fully prepared in terms of holiday staffing. Only 33% of retail hiring managers claim they had adequate headcount to consistently meet shopper demand, according to the “2019 Retail Holiday Hiring Pulse Survey” commissioned by Kronos Inc. and conducted by The Harris Poll. The study was conducted among 300 U.S. …

Kronos survey finds many stores were understaffed for holiday seasonRead More

Adobe: Mobile plays key role in holiday shopping growth

Smartphones drove double-digit increases in online holiday revenue and traffic. According to the Adobe 2019 Holiday Recap Report, consumers spent $142.5 billion during November and December 2019, up 13.1% year-over-year. Smartphones drove nearly all (84%) of the online sales growth during the period, accounting for 36% of online revenue (up 21% year-over-year) and also accounting …

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Walmart shuffles executives after holiday season, chief merchant departing

Cashiers ring up shoppers at a Walmart store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart is shuffling its executive team after the 2019 holiday season. The company’s chief merchant Steve Bratspies is set to depart, according to an internal memo sent to employees Friday by Walmart U.S. CEO John Furner, …

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NRF: Holiday retail sales up 4.1%

Holiday sales came in on the higher end of estimates by the National Retail Federation, but not all retail sectors shared in the good news. Sales during November and December in 2019 grew 4.1% to $730.2 billion, according to the NRF, whose numbers exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales, …

NRF: Holiday retail sales up 4.1%Read More

NRF: Holiday retail sales up 4.1%

Holiday sales came in on the higher end of estimates by the National Retail Federation, but not all retail sectors shared in the good news. Sales during November and December in 2019 grew 4.1% to $730.2 billion, according to the NRF, whose numbers exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales, …

NRF: Holiday retail sales up 4.1%Read More

Be careful with Walmart after Target’s slower holiday

A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters If Target had a tough holiday shopping season, its likely Walmart did, too, according to Morgan Stanley. The firm lowered its same-store sales estimates for Walmart’s fourth quarter to 2% from 2.5%, after Target’s disappointing …

Be careful with Walmart after Target’s slower holidayRead More