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eCommerce

  • Survey: Shoppers will find best Black Friday discounts at J.C. Penney

      New York - J.C. Penney, Macy’s, Rite Aid, Meijer and Sears rank as the best retailers for Black Friday deals, according to a survey by personal finance social network WalletHub.  The survey shows that Penney has the highest overall discount rate at 65%, while Big Lots, at 24%, and Costco, at 21%, have the lowest. WalletHub surveyed 5,525 deals from the 2014 Black Friday ad scans of 21 of the biggest U.S. retailers. Here is a quick summary of some of the key findings.

  • Incoming Gap CEO names new heads of Gap and Banana Republic brands

    New York - Gap Inc.'s incoming CEO, Abe Peck, is wasting no time putting his own stamp on the company, naming new presidents for the Gap and Banana Republic brands. Jeff Kirwan, 48, has been tapped to replace Stephen Sunnucks as global president for  Gap. And Owen, 49, will succeed Jack Calhoun on Jan. 5 as global president for Banana Republic.    

  • Survey – Cross-border shoppers double spend of domestic shoppers

    San Jose, Calif. - Cross-border shoppers (those for whom more than 10% of their online spend is cross-border), spend approximately twice as much as consumers who only shop domestically. New research from PayPal and Ipsos, which investigated the online and cross-border shopping habits of more than 17,500 consumers in 22 countries, shows 30% of U.S. online consumers shop across borders.  

  • Survey - 7 in 10 consumers to buy at least 1 holiday gift card online

    Portland, Ore. – Seven in 10 (71%) consumers intend to purchase at least one gift card  from an online website or mobile website/app during the upcoming holiday season, while 74% will buy at least one digital gift card. According to new data from POS solutions provider InComm, 85% of respondents age 18-35 agree that they’re likely to purchase at least one digital gift card this holiday season  

  • Burberry executive to be Children’s Place CFO

    The Children's Place has announced the appointment of Anurup Pruthi as senior vice president and chief financial officer effective Dec. 1.

  • Study: Mass retailers more popular than e-tailers for holiday

    Denver – An estimated 28% of consumers plan to do most of their holiday shopping at mass retailers, compared to 26% who will frequent online retailers. According to an ongoing shopper behavior study conducted by The Integer Group and M/A/R/C Research, free shipping continues to be the most popular offer for holiday shoppers, with 58% of shoppers reporting they expect to take advantage of it this holiday season.   

  • Walmart learns price match lesson

    Never underestimate the creativity of unscrupulous customers is the key takeaway for all retailers following Walmart’s effort to implement a liberal price match policy this week.

  • Real estate report: Luxury retail is a high-growth category

    Seattle - Colliers International released the highlights of its latest global retail report – examining 125 retail real estate markets in 50 countries – and found that luxury retail continues to show strong growth in the top global markets and prime cities in Asia.   
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