FINANCE

Best Buy’s U.S. holiday sales flat

BY Marianne Wilson

Minneapolis — Best Buy Co. on Friday reported revenue of $12.8 billion for the nine weeks ended January 5, 2013, compared with $12.9 billion for the nine weeks ended December 31, 2011. Online revenue rose 10%.

Same-store sales were down 1.4%. Domestic same-store sales were flat, but fell 6.4% internationally.

“During the most important period in the retail calendar – the holiday sales season – we were able to improve our domestic comparable store sales trends compared to the performance of the last several quarters and continue our strong traffic growth in our online business. Our holiday selling strategy, backed by a compelling assortment, increased employee training and price match policy, allowed us to deliver these results," said Best Buy president and CEO Hubert Joly. "While it will be a journey with ups and downs, we are focused on becoming an increasingly effective multi-channel retailer and engaging with the tens of millions of consumers who shop us online and in-store."

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Tilly’s taps MicroStrategy for mobile commerce app

BY Staff Writer

Tysons Corner, Va. — MicroStrategy Inc. announced that West-coast based specialty retailer Tilly’s has launched a state-of-the-art mobile commerce app powered by MicroStrategy’s Alert Mobile Commerce Platform.

Available for iPhone and Android smartphones, the app lets Tilly’s create a branded connection with its customers. Features include access to exclusive Tilly’s content, a streamlined mobile shopping experience, and wallet functionality that allows personalized promotions and receipts. Alert is a cloud-based platform that lets retailers deploy a branded mobile commerce app in a matter of weeks, without the high cost and delay of developing an application from scratch and maintaining it on their own.

Tilly’s, a purveyor of West Coast inspired apparel, footwear and accessories, chose to work with the Alert Platform because of its rich feature set, its ability to easily integrate with their existing customer systems, and its speed-to-market.

“We want every customer that interacts with Tilly’s to have an exceptional and consistent experience, whether they’re in-store, online, or on their mobile phone,” said Craig DeMerit, Tilly’s COO, Tilly’s, which operates 168 stores. “With the Alert platform, we were able to quickly roll out a compelling mobile app to our customers that provides them with an enhanced experience of our brand. We launched the Tilly’s app before the holidays and have seen our customers respond positively to downloading it and using the great features available.”

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J.Michaels says:
Mar-24-2013 05:12 pm

The other main difference
The other main difference you'll notice between a mobile web app and a native mobile app is how they're downloaded and accessed on various devices - this plays a big role in how you can market your app and use it to generate revenue for your business. android virus protection

J.Michaels says:
Mar-24-2013 05:12 pm

The other main difference you'll notice between a mobile web app and a native mobile app is how they're downloaded and accessed on various devices - this plays a big role in how you can market your app and use it to generate revenue for your business. android virus protection

S.Gacho says:
Mar-22-2013 04:24 am

They Excel in intelligence
They Excel in intelligence software that analyze large amount of data to make a business strategy. - J. Kale Flagg

S.Gacho says:
Mar-22-2013 04:24 am

They Excel in intelligence software that analyze large amount of data to make a business strategy. - J. Kale Flagg

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FINANCE

Urban Outfitters reports holiday sales

BY Marianne Wilson

Philadelphia — Urban Outfitters Inc. said Thursday its same-stores sales for the holiday season rose 9%, including its direct-to-consumer business. Excluding that unit, same-store sales fell 1%.

Total company net sales for November and December increased 15% to $666 million.

Among Urban Outfitters’ brands, comparable sales increased 33% at Free People, 10% at Urban Outfitters and 5% at Anthropologie. Direct-to-consumer net sales increased by 38% for the period and wholesale segment net sales increased 21%.

"We are pleased to announce a 15% increase in our Holiday sales, driven by strength in all brands,” CEO Richard A. Hayne said in a statement. “I am proud of the teams’ execution as they delivered better product with more disciplined inventory management leading to improvement in regular price sales.”

During the 11 months prior to Dec. 31, when the company opened a total of 46 new stores, total net sales increased to $2.6 billion, or 12%, year-over-year.

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