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comScore: Holiday online spending to rise 16% to $61 billion
RESTON, Va. — Total online retail spending for the November–December period will reach $61.0 billion, a 16% gain versus year ago, according to comScore’s 2014 holiday forecast. Spending using desktop computers for that period is expected to reach $53.2 billion, up 14% year-over-year, which is 4 percentage points higher than last season’s 10-percent growth rate.
Mobile commerce is predicted to account for $7.9 billion of retail spending, representing 13% of total digital commerce and growing at an annual rate of 25% vs. last season. -
Finance, Operations, Dept. Store – Sears Canada more than doubles net loss in Q3
Toronto, Canada – The bad news continued for Sears Canada Inc. during the third quarter of fiscal 2014. Following the announcement by parent company Sears Holding that it would sell off most of its 51% ownership stake to shareholders and reports that J.P. Morgan Chase & Co. will end its agreement to issue credit cards for Sears Canada in November 2015, Sears Canada reported a net loss of $118.7 million, significantly larger than the $48.8 million net loss reported the same period a year earlier.

