Consumer Analytics

GNC falls short in Q3
GNC had higher expectations for its third quarter earnings. The nutritional supplement retailer reported revenue of $628.0 million, a decrease of 8.1% compared with $683.4 million for third quarter 2016, ended Sept. 30, 2016. Similarly, GNC’s net income of $32.4 million dropped compared with $45.8 million in third quarter 2015.
Wayfair offers more flexible financing
Wayfair is making a bold move to grab more consumer wallet-share, and compete with brick-and-mortar retailers. Complementing its private label credit card, Wayfar is offering a financing option to consumers purchasing furniture and decor. Through a partnership with financial services company Affirm, Wayfair shoppers now have the flexibility to buy now and make monthly payments for their purchases — a move that extend financing options to a broader range of customers.

Consumer confidence takes a hit in October

Consumer confidence experienced an October surprise of sorts after reaching a nine-year high in September. The index now stands at 98.6, down from 103.5 last month.
Webinar: Are your analytics capabilities keeping up — or falling short?

Chain Store Age is sponsoring a webinar that will reveal new market research from the International Institute for Analytics. Learn about IIA’s retail industry analytics maturity index and the characteristics of the highest-performers—and see how your company measures up. “Competing on analytics” is no longer a mystery. Find out how your company can get with the program.
Three Pieces of External Data Impacting Retailers’ Bottom Lines
Under Armour net revenue, online sales jump in Q3

Amid “sluggish retail conditions,” VF Corp.’s Under Armour division posted gains for the third quarter. Under Armour’s net revenues increased 22% in third quarter 2016 ended Sept. 30, 2016, to $1.47 billion compared $1.20 billion for the same period last year. Net income increased 28% to $128 million, compared with $100 million for third quarter last year.
Study: U.S. mobile payments pale in comparison to mobile usage

U.S. shoppers love mobile commerce, yet mobile payments still account for just 2% of all transactions.
Five Ways to Prevent Data Hacks at the Point-of-Sale

The chip card (EMV) era has arrived with the promise that data in retail environments will be better protected. Cardholders will have much greater security at the point of sale with their own card data. But, while it will be much more difficult for thieves to steal card data at the point of swipe, the hackers are still hacking and data is still being lost – almost daily.
Report: Anxious online shoppers not doing enough to protect themselves

A majority of self-described security-savvy online consumers are not taking the preventive measures they should be.
Alibaba co-founder urges China to use big data to fight cyber-crimes

Alibaba’s co-founder has a solution to ward off harmful cyber-attacks across China. The online platform’s co-founder Jack Ma proposed that the nation’s top security bureau use big data to prevent crime — an announcement that endorses China’s budding efforts to build an unparalleled online surveillance system, according to Bloomberg.

GNC falls short in Q3

Wayfair offers more flexible financing

Consumer confidence takes a hit in October

Webinar: Are your analytics capabilities keeping up — or falling short?

Three Pieces of External Data Impacting Retailers’ Bottom Lines

Under Armour net revenue, online sales jump in Q3

Study: U.S. mobile payments pale in comparison to mobile usage

Five Ways to Prevent Data Hacks at the Point-of-Sale

Report: Anxious online shoppers not doing enough to protect themselves

Alibaba co-founder urges China to use big data to fight cyber-crimes