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Big Lots Launches E-Commerce Site

BY CSA STAFF

Columbus, Ohio Big Lots announced Tuesday that it launched an e-commerce Web site.

Similar to its in-store experience, the site features a treasure-hunt atmosphere and the company’s well-known low, closeout prices.

It will also feature a “Deal of the Day” feature that will offer items at low prices reportedly unique only to Big Lots. The deals will be posted at 8 a.m. EST daily and quantities are limited.

The site augments the company’s network of 1,361 stores that operate in 47 states, as well as a wholesale operation.

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From The Boston Herald: Granoff out as Tweeter ceo

BY CSA STAFF

BOSTON The Boston Herald reported that Tweeter Newco ceo George Granoff has left the company, apparently after a disagreement with its New York investment firm owner.

Click here to read the full article.

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CEA: Consumer electronics top holiday wish lists

BY CSA STAFF

ARLINGTON, Va. Consumer electronics products continue to top the holiday wish lists of adults and teens, resulting in 3.5% projected growth in fourth quarter industry shipments over last year, according to new research released today by the Consumer Electronics Association.

Consumer electronics comprise four of the top 10 items on adults holiday gift wish lists, with computers coming in second behind peace and happiness. Televisions, video game systems and cell phones also made the top 10. Nearly 80% of adults expressed interest in receiving a consumer electronics product as a gift this holiday season, an increase of four points from last year. Meanwhile, 84% of teens want to receive a CE product this year, up eight percent from 2007. The most popular CE products for teens this holiday are computers, video game consoles, portable mp3 players and cell phones.

There remains a robust desire for consumer electronics and this category continues to be the bright light during these dark economic times, said Tim Herbert, CEAs senior director of market research. CE devices have become integrated into the everyday lives of consumers. No matter what your current economic situation, you can find a CE product to fit any holiday budget. 

Consumers plan on spending a total of $1,437 this holiday season on everything from gifts to food to decorations. That number is down nearly $200 from last year as consumers cite cost of living increases and economic concerns as reasons for cutting back. While consumers are planning to spend less this holiday season, theyre actually preparing to spend more on consumer electronics. Twenty-eight percent of the total holiday budget is being allocated for CE purchases, an increase of six percent from last holiday.

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