News

SECAUCUS, N.J. — The Children's Place has appointed Michael Scarpa as its new EVP and CFO, effective Dec. 3. Scarpa replaces Steven Baginski, who will be leaving the company, effective immediately, to pursue other interests. He will report to Jane Elfers, president and CEO.

New York -- According to a report by IBM, U.S. shoppers took full advantage of early promotions this holiday season, driving a 17.4% increase in online sales Thanksgiving Day. This increase set the stage for 20.7% growth on Black Friday. The biggest surge came from mobile consumers, with sales reaching 16.3%, led by the iPad.

The data is the result of cloud-based analytics findings from IBM.  

Other findings of the IBM Digital Analytics Benchmark revealed the following trends:

LAWRENCEVILLE, N.J. — Peter Longo of Macy’s has been appointed to the GS1 U.S. board of governors, the information standards organization announced today. GS1 U.S. develops supply-chain standards, solutions and services for more than 200,000 businesses in 25 industries.

Washington, D.C. -- The National Retail Federation reported that more than 35 million Americans visited retailers’ stores and websites on Thursday – up from 29 million last year – scoring deals on everything from hot electronic items to cashmere sweaters and toys.

According to an NRF survey conducted by BIGinsight over the weekend, traffic and spending grew over the entire weekend. More people than ever before also shopped online and in stores on Black Friday, as 89 million shoppers braved the crowds, up from 86 million last year.

GOODLETTSVILLE, Tenn. — Capitalizing on its Thanksgiving and Black Friday sales, Dollar General has tackled Cyber Monday with the launch of a new mobile app for iPhone and Android smartphones.

The mobile app will offer shoppers sales ads, store locations, coupons and, of course, exclusive Cyber Monday deals available online. Shoppers will also be able to use Dollar General’s free Quick Response scanner to access upcoming sales and unlock additional savings, as well as connect with the retailer on Facebook, YouTube and Twitter.

Protests by organized labor failed to materialize in a meaningful way at Walmart stores over the weekend and the retailer went on to achieve record results.

Retailers may as well start devising their 2013 Black Friday plans now based on the popularity of this year’s early openings on Thanksgiving.

The Thanksgiving evening openings by the likes of Walmart, Toys ‘R’ Us, Target, Sears and Kmart were denounced in some quarters as being anti-family, but a few vocal critics didn’t speak for the majority of shoppers who turned out in droves and spent with gusto.

Online shopping surged 26% on Black Friday to surpass $1 billion for the first time, according to the digital measurement firm comScore.