FINANCE

Citigroup research: Holiday digital sales to grow at least 20%

BY Katherine Boccaccio

New York — Research released Monday by Citigroup and published by Wall Street Journal’s MarketWatch found that digital sales for the holiday 2012 shopping season are expected to increase at least 20%, thanks to two additional shopping days and amped-up retail marketing efforts.

Surprisingly, however, Citi found that mobile shopping will likely have a limited impact on sales. That’s partly because while sales made through smartphones are expected to surge to $31 billion in 2016 from an estimated $10 billion this year, the figures only account for 7% of total online sales in 2016, up from an estimated 3% of e-commerce this year, according to Forrester Research data.

In comparison, U.S. online-retail sales are expected to surge to $327 billion by 2016 from more than $200 billion last year, with e-commerce accounting for 9% of total retail industry demand in 2016, up from 7% last year, Forrester found.

Sales through social networks also will have a limited direct-sales impact. While they are expected to surge by 93% each year, the amount is expected to come to $14 billion in 2015 from $1 billion last year.

Sales generated from Thanksgiving to Cyber Monday, or the Monday after the Thanksgiving holiday weekend, will continue to grow in importance this season, found the research. Promotional efforts will start well before Thanksgiving, and Thanksgiving Day itself will continue to emerge as a more important online-shopping day.

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M.Bhavish says:
Jan-24-2013 07:40 am

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Inventure India is a management consulting firm has an unparalleled depth of knowledge and resources combined with functional and industry expertise for geographical reach. We help leaders make distinctive, lasting and substantial enhancement to the performance of their organizations. Joint venture consultants Franchise research reports Representative office in India Investment outside india

M.Bhavish says:
Jan-24-2013 07:40 am

Inventure India is a management consulting firm has an unparalleled depth of knowledge and resources combined with functional and industry expertise for geographical reach. We help leaders make distinctive, lasting and substantial enhancement to the performance of their organizations. Joint venture consultants Franchise research reports Representative office in India Investment outside india

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STORE SPACES

Construction spending drops between July and August, but ahead of last year

BY Katherine Boccaccio

New York — Data released Monday by the Associated General Contractors of America revealed that construction spending declined between July and August to an annualized rate of $837 billion, but increased compared with August 2011 driven largely by growing demand for residential, lodging and education construction.

“The construction industry has definitely lost some of the momentum it had earlier this year,” said Stephen E. Sandherr, the association’s CEO, noting that construction spending has now declined for two months in a row. “With the exception of the lodging sector, many businesses are retreating from the levels of construction spending we saw in the spring and early summer.”

Total construction spending declined 0.6% for the month but was up 6.5% from August 2011 to August 2012. Private residential spending continues to strengthen, increasing by 0.9% compared with July and up 17.8% during the past 12 months. Private non-residential construction, however, declined by 1.7% for the month, but remains up 7.2% for the year. Public construction slid further, declining 0.8% in August and 3.5% year-over-year.

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REAL ESTATE

Frye Co. to unveil Boston flagship

BY Katherine Boccaccio

Boston — Boot and leather goods manufacturer Frye Co. will open its second U.S. retail location – on Newbury St. in a historic building in Boston’s Back Bay. It joins Frye’s only retail store in the Soho area of New York City.

The 11,000-sq.-ft., three-level flagship store is slated to open spring 2013. It will reflect a fresh vision of Frye’s heritage and commitment to craft, and house specially designed areas showcasing the brand’s product.

The announcement was made by The Wilder Cos., which is a partner in the ownership group of 284 Newbury Street.

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P.Lopez says:
Apr-01-2013 07:59 pm

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P.Lopez says:
Apr-01-2013 07:59 pm

The message for retailers: Launching a new program or fine-tuning an existing one might pay off. Here are some tactics to consider. chat random

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