Retailers are looking forward to this coming Saturday (Dec. 22), as it's shaping up to be the biggest spending day of the year. U.S. shoppers will spend an estimated $26 billion on Saturday, beating the $24 billion they spent on Black Friday, according to industry researcher Customer Growth Partners via Bloomberg. What's more, according to…
November retail sales were up 0.7 percent seasonally adjusted from October and increased 5 percent unadjusted year-over-year, completing the first half of the holiday shopping season with spending on track to easily meet the National Retail Federation’s forecast, NRF said today. The numbers exclude automobiles, gasoline stations and restaurants. NRF’s forecast predicts that holiday retail sales…
Natural Insight’s survey highlights the significance of providing an exceptional in-store experience to drive foot traffic and sales.
In this episode of Retail Right Now, Total Retail's Caitlin Sullivan and Joe Keenan discuss the bid from Sears Chairman and former CEO Eddie Lampert's company ESL Investments to purchase 500 of the retail chain's stores for $4.6 billion. This offer comes as a last-ditch effort to save the brand from potential liquidation, but may not…
Retailers need to prioritize their product and pricing strategies to capitalize on the surge in holiday sales and keep loyal customers.
With an integrated mobile employee engagement platform, retail employers can overcome their employee disengagement challenges.
The fund run by Sears Chairman Eddie Lampert, ESL Investments, submitted a $4.6 billion proposal on Thursday to help save the bankrupt retailer with the purchase of 500 stores. Sears Holdings, which owns Sears department stores and Kmart, filed for bankruptcy on Oct. 15. In previous court filings, it has said it was in talks with…
For several years, e-commerce retailers were blamed for causing the “retail apocalypse” by forcing big-box stores to compete with their lean business models and lack of physical retail outlets. But could e-commerce retailers be the ones to take over those vacancies? According to a recent report by JLL that looked at the expansion plans of…
Walgreens is set to expand its partnership with Kroger and test branded “Kroger Express” grocery shops inside 13 stores, CNBC reports.
Retailers must employ a mix of targeted marketing campaigns that drive shoppers to both their physical and digital locations.
