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Capital One survey: Holiday shoppers buying with cash, debit

BY Katherine Boccaccio

Wilmington, Del. — Survey results released Tuesday by ING Direct – to be rebranded Capital One 360 in 2013 – found that most Americans are purchasing holiday gifts with cash or debit cards this year.

The fourth annual holiday shopping survey found that more than three out of four Americans are purchasing gifts with cash or a debit card this year and more than three out of five (63%) are spending the same on holiday gifts as they did last year.

The survey also found that, as New Year’s resolution time approaches, 70% of Americans ages 18 to 34 say they will start saving more in 2013. Overall, 49% of respondents are going to kick-start savings plans.

"This year’s holiday shopper is taking the smartest approach to gift buying by sticking to what they can afford and positioning themselves for a worry-free start to 2013," said Jim Kelly, head of Direct Bank, Capital One.

According to respondents who are making financial resolutions, 38% plan on investing more for retirement and 33% will reduce or eliminate credit card debt in 2013.

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D.Peyton says:
Dec-19-2012 06:07 am

Great recession has taught many of our fellows to save more. Those who are on a tight budget can save more by shopping this holiday season because retailers get the most aggressive during this season. They are offering all sorts of incentives to lure customers away from competitors. One such strategy is price matching, in which a retailer will recognize the advertised costs from other merchants. However, customers need to be cautious and read the "fine print." Read more here: Price matching can save you big, but be careful.

D.Peyton says:
Dec-19-2012 06:07 am

Great recession has taught many of our fellows to save more. Those who are on a tight budget can save more by shopping this holiday season because retailers get the most aggressive during this season. They are offering all sorts of incentives to lure customers away from competitors. One such strategy is price matching, in which a retailer will recognize the advertised costs from other merchants. However, customers need to be cautious and read the "fine print." Read more here: Price matching can save you big, but be careful.

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Home Depot selects Clear Demand for pricing solution

BY Staff Writer

Scottsdale, Ariz. — Clear Demand Inc. said Tuesday that The Home Depot has licensed its next-generation pricing solution to support its commitment to pricing and analytics.

"Our commitment to creating an interconnected customer experience requires that we align ourselves with nimble innovators who can meet our evolving solution needs," said Hal Lawton, senior VP and president of online for The Home Depot. "This commitment also requires that we take small well-defined steps, communicate clearly across our merchant organization, provide tools that fit with the way our merchants work and get data to the point of decision quickly. Clear Demand has demonstrated a unique ability to support the flexibility required to maintain this commitment."

Clear Demand’s next-generation solution delivers innovations such as an Intelligent Rules Engine that reverse-engineers existing business rules for rapid setup and identifies inconsistencies in pricing strategy; Force Diagram Technology that reveals pricing forces on current and recommended prices for related items, for explaining price moves; and Multi-Channel Competitive Rules that integrate traditional and online competitive pricing intelligence.

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J.Iris says:
Mar-18-2013 06:06 am

Good to hear this commitment from them. An innovative commitment of resources that will surely enhance the businesses. - Michael Courouleau

J.Iris says:
Mar-18-2013 06:06 am

Good to hear this commitment from them. An innovative commitment of resources that will surely enhance the businesses. - Michael Courouleau

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Kansas City here Ikea comes

BY CSA STAFF

CONSHOHOCKEN, Pa. — Ikea has received the green light from Merriam’s city council to go ahead with its Kansas City-area store.

Pending the land purchase, permits and demolition of on-site buildings, construction of Ikea Merriam can begin summer 2013, with the store opening fall 2014.

Located eight miles southwest of Kansas City, Missouri, the 349,000-sq.-ft. store will be built along the eastern side of Interstate-35 at the Johnson Drive exit on 18 acres to be purchased from DDR Corp. One level of parking below the store, a two-level parking structure and spaces accessible at-grade will provide more than 1,200 parking spaces on-site. Ikea is also evaluating potential on-site power generation to complement its current U.S. renewable energy presence at 90% of its U.S. locations.

“IKEA is thrilled and honored at the support voiced by Merriam City officials and staff in favor of our opening a Kansas City-area store in fall 2014,” said Ikea U.S. president Mike Ward. “We look forward to bringing our unique shopping experience closer to the 60,000 customers already in the area, to introducing new customers to the IKEA concept, to hiring 300 coworkers and to creating more than 500 construction jobs.”

The Merriam location will feature nearly 10,000 exclusively designed items, 50 inspirational room-settings, three model home interiors, a supervised children’s play area and a 450-seat restaurant serving Swedish specialties, such as meatballs with lingonberries and salmon plates, as well as American dishes.

Other family-friendly features include a children’s area in the showroom, baby care rooms, preferred parking and play areas throughout the store. In addition to the more than 500 jobs that are expected to be created during the construction phase, approximately 300 jobs at the store would be available upon opening. Ikea Merriam also would provide significant annual sales and property tax revenue for local governments and schools.

Globally, Ikea evaluates locations regularly for conservation opportunities, integrates innovative materials into product design, works to maintain sustainable resources and flat-packs goods for efficient distribution. Specific U.S. sustainable efforts include recycling waste material; incorporating environmental measures into the actual buildings with energy-efficient HVAC and lighting systems, recycled construction materials, skylights in warehouse areas and water-conserving restrooms; and operationally, eliminating plastic bags from the check-out process, phasing-out the sale of incandescent light bulbs, facilitating recycling of customers’ compact fluorescent bulbs and by 2016 selling and using only LED bulbs. Ikea also is in the process of rolling out solar energy installations atop nearly 90% of its U.S. locations, and has installed electric vehicle charging stations at nine stores in the West.

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