Data & Analytics

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Ship2MyID is a patented shipping enablement platform that allows consumers to ship products to others without the need of the receiver’s mailing address. The world is going social and mobile. However, neither carry mailing addresses.

The Retail Industry Leaders Association (RILA) spoke out in Washington, D.C., this week on the steps retailers are taking to protect against data breaches.

Indianapolis – Consumer electronics retailer Hhgregg Inc. had anything but an electric fourth quarter of fiscal 2015, missing Wall Street expectations for profit and revenue. Net loss widened to $25.23 million from $7.24 million the same quarter a year earlier.

Net sales shrunk 10% to $485.6 million from $538.3 million. Same-store sales also fell 10%. Rising selling, general and administrative (SG&A) expenses, as well as a non-cash asset impairment, helped increase net loss.

Costco is trying to increase its membership base in Canada with an innovative social media campaign.

The warehouse club retailer has launched a customer referral program twinned with social media that uses technology from a firm called Buyapowa.

The campaign launched this week in partnership with Proctor & Gamble and will allow Costco members to win $20 of P&G Goods for every friend they refer to Costco to become a member. All successful referrers will be shown on a leaderboard, with additional P&G prizes awarded to those when the promotion ends.

Arlington, Va. – The Retail Industry Leaders Association (RILA) is speaking out on retail data security. Brian Dodge, executive VP, communications & strategic initiatives, RILA, testified at the House Financial Services Committee hearing, “Protecting Consumers: Financial Data Security in the Age of Computer Hackers,” Thursday, May 14.

Chicago – Despite significant changes in society and online commerce, the mall remains the primary shopping destination in America. Consumer shopping habits have changed, but only slightly, according to JLL’s Shopping Preferences Survey, which polled nearly 3,000 consumers nationwide.

New York -- Mother’s Day is turning into a goldmine for online retailers. Overall U.S. retail online sales for the week leading up to Mother's Day rose more than 15% compared to the same period last year, according to IBM Digital Analytics Benchmark. Mobile traffic accounted for 46.3% all online traffic, up more than 21% compared to last year. Mobile sales saw strong growth, up more than 43%, reaching over 24.4% of all online sales.

Menomonee Falls, Wis. – Kohl’s Corp. exceeded Wall Street expectations for profit but missed analysts’ expectations with its sales and same-store sales performance during a mixed first quarter of fiscal 2015.

Net income climbed 2% to $127 million from $125 million in the year-earlier period, aided by improved expense management.