FINANCE

Barnes & Noble holiday sales miss, sells 5% stake in Nook

BY Katherine Boccaccio

New York City — Barnes & Noble reported Friday that its holiday sales will likely miss internal projections as its Nook e-reader performed worse than expected during the holiday selling period.

The book seller also disclosed on Friday an investment by London-based media and education company Pearson of $89.5 million in cash in the e-reader subsidiary, representing a 5% equity stake.

Pearson joins Microsoft Inc. as an investor in the Nook subsidiary.

The deal grants Pearson the ability to purchase another 5% of Nook Media and Nook will distribute Pearson content.

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FINANCE

Christmas Day retail visits up 27% year over year

BY Katherine Boccaccio

New York City — A report issued Thursday by Experian Marketing Services found that online traffic to the top 500 retail sites on Christmas Day 2012 rose 27% compared to 2011.

The top retail sites received more than 115.5 million total U.S. visits, according to Experian. To date the holiday online traffic for the past 7 weeks to retail sites are up 10% for 2012 vs. 2011.

Other report key findings include:

• The top 5 most visited sites on Christmas Day 2012 were: Amazon, Walmart, Target, BestBuy and Macy’s;
• Apple iTunes visits increased 193% and Apple.com visits increased 155% on Christmas Day 2012 vs. Christmas Eve 2012 as the top product search terms sending traffic to the Apple.com site was iPod Nano, iPad Mini and iPad 4;
• Amazon.com visits increased 24% on Christmas Day 2012 vs. Christmas Eve 2012 as the top product search terms sending traffic to the site was Amazon Kindle, Kindle Fire and Kindle.
• Gift card searches increased 6% in 2012 vs. 2011 and the top gift cards searches this past week were for Visa, iTunes and Amazon.

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A.Huo says:
Jan-31-2013 05:30 am

Online shopping has made
Online shopping has made things easy for everyone.They can buy gift and things easily and quickly. There are many people who have the problem of knee pain.There are certain exercises which helps to reduce this knee pain.Pain can also be avoided by these exercises as they strengthen the knees.Read more about it from the given link.

A.Huo says:
Jan-31-2013 05:30 am

Online shopping has made things easy for everyone.They can buy gift and things easily and quickly. There are many people who have the problem of knee pain.There are certain exercises which helps to reduce this knee pain.Pain can also be avoided by these exercises as they strengthen the knees.Read more about it from the given link.

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Report: Online sales jump 22.4% on Christmas Day

BY Marianne Wilson

New York City — Online sales rose 22.4% on Christmas Day, according to IBM Digital Analytics Benchmark, which tracks more than 1 million e-commerce transactions a day from 500 U.S. retailers.

The increase was higher than the 16.4% increase in 2011, and provided one bright spot in what has proven so far to be a lackluster holiday shopping season.

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NicoleScott says:
Mar-14-2013 09:59 am

This data shows that the
This data shows that the number of shoppers during Christmas season is greatly increasing every year. Thus, this is beneficial to both small and big retailers. - Kale Flagg

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