The National Retail Federation's BIG Show, which took place in New York last week, is an annual opportunity for retailers to tap into the latest technologies for improving everything from customer analysis to mobile commerce.
Led onto the stage by Mickey and Minnie Mouse, there was no mistaking that Stephen Finney was from the Disney Store when he made his entrance to give the keynote speech at this week's National Retail Federation BIG Show in New York City. The senior vice president of global retail operations for the media and entertainment company was there to talk about Disney's brick-and-mortar stores.
Retail sales rose for a sixth consecutive month in December, helped by big gains in sales of autos and furniture. The increases helped lift sales activity for the year by the largest amount in more than a decade.
To impart some of the wisdom he’s gained over the years in growing his retail business, Dave Ratner, owner and CIO (Chief Instigating Officer) of Dave's Soda and Pet City, led a session at the National Retail Federation's BIG Show this week in New York City. Ratner left attendees at the hour-long session with 10 tips they could take back to their stores and implement right away.
Macy’s reported a 4.5 percent improvement in holiday sales that aligned with its expectations, however investors still booed the results, pushing the shares down in morning trade.
Daffy's has announced plans to open a store in New York's Times Square. The discount retailer has signed a lease for a 28,000-sq.-ft. store in the former New York Times building on 44th Street. The new store will have a ground-floor entrance, but the bulk of the space will be on the basement level. The Times Square store is scheduled to open in fall 2011, and the company hopes to add a total of 14 New York-area stores before 2015.
It's beginning to look a lot like a Merry Christmas after all for retailers. Sales projections are increasing nearly every week as even shoppers who said they were finished hit malls this week. Now stores are starting to say they expect the 2011 holiday season to be even better.
Almost 74 percent of shoppers completed gift buying in the week ended Dec. 18, spurring faster sales growth than the previous three weeks.
Many retail advertisers mistakenly scale back their search campaigns after Christmas, but lots of search traffic and sales occur after Dec. 25. You might be surprised to learn that 9 percent of consumers don’t even begin their holiday shopping until post Christmas.
Consumers were asked three years in a row about what promotions and offers they want for the holidays, and it hasn’t changed much over time. They're focused on sales, discounts and free shipping.
Bailey, Banks & Biddle, which traces its roots back to 1832 in Philadelphia, is being revived. Five stores have already opened in Austin, Houston and Plano, Texas as well as St. Louis and King of Prussia, Pennsylvania.