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IBM: Mother’s Day drives online shopping spike
New York -- Mother’s Day is turning into a goldmine for online retailers. Overall U.S. retail online sales for the week leading up to Mother's Day rose more than 15% compared to the same period last year, according to IBM Digital Analytics Benchmark. Mobile traffic accounted for 46.3% all online traffic, up more than 21% compared to last year. Mobile sales saw strong growth, up more than 43%, reaching over 24.4% of all online sales.
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Canadian Tire pumps up Q1 profit
Toronto – Canadian Tire Corp. pumped up profit in the first quarter of fiscal 2015, expanding net income 17% to $88.3 million from $75.6 million a year earlier. Improved margins helped inflate net income totals.
Falling petroleum costs helped deflate revenue 2% to $2.51 billion from $2.57 billion, although consolidated same-store sales rose 5.5%. Same-store sales grew at all core retailer banners, including lifts of 4.7% at Canadian Tire, 8.6% at FGL Sports and 5.5% at Mark’s.

