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Data & Analytics

  • Report: Twitter raises $1.82 billion in IPO

    San Francisco – Twitter began trading shares on the New York Stock Exchange (NYSE) on Nov. 7 after reportedly raising $1.82 billion in its IPO. According to Bloomberg, Twitter sold 70 million shares at $26 each in its IPO, giving it a $14.2 billion market capitalization that is 12.4 times estimated 2014 sales of $1.14 billion.

    Twitter will trade on NYSE under the TWTR symbol. The company’s revenue reached $534.5 million in the 12 months that ended Sept. 30, 2013.

  • Stein Mart works to maintain momentum through fourth quarter

    Stein Mart posted strong sales in October, driven partly by upgraded designer and national brands. Total sales for the four-week period ended Nov. 2, increased 6.9% and comparable-store sales increased 5.4%.

    For the third quarter ended Nov. 2, total sales increased 6.1% and comparable-store sales increased 4.8%.

  • Survey: Mobile devices key to in-store shopping

    Los Angeles – A majority of customers visit stores equipped with mobile devices. According to a new survey from mobile technology provider Useablenet, 70% of U.S., shoppers and 60% of U.K., shoppers have their mobile phone on their person in-store.

    And 30% of U.S. shoppers use their smartphones to aid the shopping experience in-store, compared to 40% in the U.K. In addition, 77% of U.S., and 81% of U.K., consumers prefer to browse on smartphone but make purchases on a larger device, such as tablet or computer

  • J.C. Penney has strong October; claims turnaround progress

    Plano, Texas – J.C. Penney says it is making continued progress in its turnaround after reporting some strong financial results for October 2013. Preliminary results indicate that compared to the same month in the prior year, same-store sales increased 0.9%, online sales grew 37.6%, and conversion continued to improve, which Penney says reflects favorable customer response to promotional events and improved inventory levels.

  • Payvision expands payment processing platform

    Payvision, an independent payment services provider, has added JCB Card to its global payment portfolio. As the only international payment card brand based in Japan, JCB has a strong presence in Asia, while processing secure payment transactions for its expanding network of 24 million merchants worldwide.

  • Wet Seal net sales drop in Q3

    Foothill Ranch, Calif. – The Wet Seal reported net sales of $127.7 million during the third quarter of fiscal 2013, down 5.8% from the same quarter in the prior year. In a partial release of third quarter figures, the company also reported a 0.8% increase in same-store sales.

  • Walmart’s inventory priorities for 2014 on tap at DBB

    Leveraging inventory while driving consumption is the topic of a presentation scheduled for next week in Northwest Arkansas by Walmart’s senior director of consumables replenishment Kendall Trainor.

    Trainor is the featured speaker at a breakfast meeting organized by Doing Business in Bentonville. From 7-9 a.m. Wednesday, November 13, Trainor will share insights on Walmart’s top five inventory priorities for the coming fiscal year.

  • Report: Wal-Mart web glitch gives consumers huge deals

    Bentonville, Ark. – A glitch on the U.S. website of Wal-Mart reportedly provided consumers with enormous discounts for a short time on the morning of Nov. 6. According to Reuters, treadmills that normally cost hundreds of dollars were selling for $33.16 and widescreen computer monitors were selling for $9.

    Wal-Mart has not said how many discounted items were sold before the glitch was discovered. The retailer has also said it will not honor any sales resulting from the glitch, but will give those consumers a $10 gift card.

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