-
Report: Amazon Prime shoppers less likely to shop Walmart.com
Amazon’s Prime membership is starting to crowd out traditional retailers like Walmart and Target, according to Forbes.
The magazine reports that research consultant Millward Brown Digital found that consumers with Prime accounts –- of which there are reportedly 40 million subscribers –- are less likely to visit other retail sites when making online purchases.
-
Calendar helps Stein Mart sales in March
An early Easter helped Stein Mart post an impressive 7.9% boost in same store sales for the first quarter.
Stein Mart reported sales of $244.4 million for the nine weeks ending April 4, a 10.6% increase over that period the year before. The sales growth was especially strong in March, according to the release.
The company reported $155.8 million in sales for the five weeks ending April 4, a 14.2% increase over that time the year before. Same store sales were up 11.2% for March.