FINANCE

A&P wins bankruptcy plan approval

BY Marianne Wilson

New York City — The U.S. Bankruptcy Court in White Plains, N.Y., approved the Great Atlantic & Pacific Tea Co.’s plan to exit bankruptcy plan. The supermarket company filed Chapter 11 in December 2010.

The reorganization plan includes $490 million in debt and equity financing from Ron Burkle’s Yucaipa Cos.

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REAL ESTATE

Topshop to make Los Angeles debut

BY Staff Writer

New York City — British fashion retailer Topshop will open its fourth store in the United States, in The Grove shopping center in Los Angeles.

The 25,000-sq.ft. store is expected to open in time for the 2012 holiday season, according to The Los Angeles Times.

To date, Topshop has opened in New York City and Chicago. It will open in Las Vegas, on March 8.

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OPERATIONS

Study: Mobile shopping on the rise

BY Katherine Boccaccio

Arlington, Va. — A new study released by the Consumer Electronics Association found that more consumers are using their mobile devices for online transactions.

The "Mobile Commerce — Reinventing the Way Consumers Shop" study found that 37% of mobile device owners are engaging in some form of commerce from their device. This could mean making a purchase, redeeming a coupon or gift card or searching for a coupon.

About 35% of all online transactions are completed via smartphone, tablet or cell phone, with electronics, clothing/footwear, books and music being the categories most often shopped. About 32% of mobile shoppers purchased an electronics product, the survey found.

"The future of mobile commerce is very promising," said Jessica Boothe, strategic research manager, CEA. "Consumers are open to new technologies as they continue to evolve and develop.

The mobile purchasing rate is expected to continue to grow, with consumers expected to spend, on the average, $575 on mobile purchases in the next 12 months. These people will also increase their couponing during that period.

On the flip side are those people who have either not made a mobile purchase or are hesitant to do so. About 35% had security concerns with mobile purchases, and half simply preferred shopping in another manner.

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J.Weiss says:
Feb-29-2012 05:23 pm

This comes as no surprise
This comes as no surprise because the mobile devices are so easy to use for shopping or financial transactions. It really does not seem that there will be any change to this either.

 

More and more people are using mobile devices on the right table for financial transactions like banking, shopping, and even reserving a table at a restaurant.

J.Weiss says:
Feb-29-2012 05:23 pm

This comes as no surprise because the mobile devices are so easy to use for shopping or financial transactions. It really does not seem that there will be any change to this either.

 

More and more people are using mobile devices on the right table for financial transactions like banking, shopping, and even reserving a table at a restaurant.

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

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