FINANCE

comScore: Online spending week sets $7 billion record

BY Katherine Boccaccio

Reston, Va. — comScore reported Thursday that the most recent week achieved record-setting levels of online spending, eclipsing $7 billion in sales for the first time ever. Four individual days surpassed $1 billion in spending, led by Green Monday at $1.275 billion.

According to comScore, holiday season retail e-commerce spending for the first 46 days of the November–December 2012 holiday season has reached $35 billion, marking a 13% increase vs. the corresponding days last year.

"We expected this past week to be record-setting and it clearly was, with an impressive spending total of more than $7 billion – an average of more than $1 billion in spending per day," said comScore chairman Gian Fulgoni. "This current week, which kicked off with Free Shipping Day on Monday the 17th, will be critical in making up some ground on a season-to-date growth rate that remains below initial expectations at 13% following a prolonged post-Cyber Monday lull. With many retailers extending their free shipping offers into Tuesday and Wednesday of this week, we just may see the sort of late-season jolt needed to push growth rates back into the mid-teens."

keyboard_arrow_downCOMMENTS

Leave a Reply

B.Hilton says:
Jan-05-2013 05:59 am

An interesting idea like the
An interesting idea like the juhldal. I really love reading this type of post because it gives me an important information and I want to share with you the lakridspulver.

B.Hilton says:
Jan-05-2013 05:59 am

An interesting idea like the juhldal. I really love reading this type of post because it gives me an important information and I want to share with you the lakridspulver.

T.Lee says:
Dec-30-2012 11:16 am

According to comScore,
According to comScore, holiday season retail e-commerce spending for the first 46 days of the November–December 2012 holiday season has reached $35 billion this a high data...and the high tech Such as tablet computer

T.Lee says:
Dec-30-2012 11:16 am

According to comScore, holiday season retail e-commerce spending for the first 46 days of the November–December 2012 holiday season has reached $35 billion this a high data...and the high tech Such as tablet computer

G.Askew says:
Dec-27-2012 10:02 pm

Wow this is is truly and
Wow this is is truly and inspiring article they really do a good job. Just like the vibromasseur and the préservatif durex doing a good job in sales too.

G.Askew says:
Dec-27-2012 10:02 pm

Wow this is is truly and inspiring article they really do a good job. Just like the vibromasseur and the préservatif durex doing a good job in sales too.

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Experian FootFall: Super Saturday could surpass Black Friday

BY Katherine Boccaccio

New York — Shopper analytics firm Experian FootFall said Thursday that the final Saturday before Christmas – Super Saturday – could eclipse Black Friday as the top performer this holiday season.

Historically, Black Friday and Super Saturday are the two strongest shopping days throughout the holiday season, with Black Friday typically finishing just ahead of Super Saturday. Due to the 2012 calendar shift that provides an additional two days to spend between Thanksgiving and Christmas, FootFall said it anticipates consumers will flood various retail locations and boost performance by taking advantage of sales and promotions during the final weekend of the season.

“As we advised, retailers experienced a spending lull following the hugely successful Black Friday weekend where deep discounts and early Black Friday promotions extended spending into Thanksgiving Day,” said Roseanne McCauley, VP the Americas for Experian FootFall. “We believe these same deep discounts and promotions like those seen over Black Friday weekend, added to the annual throng of procrastinators that wait until the final weekend to spend, could potentially drive Super Saturday performance ahead of Black Friday in 2012.”

FootFall anticipates retailers will see a spike beginning Friday evening with weekend sales peaking late on Saturday. Retailers should see Super Saturday momentum extending into Sunday with sales and traffic levels tapering off as the weekend winds down, forecasted the firm.

Looking further ahead, Footfall said that retailers might see a slight increase early on Christmas Eve as consumers secure those last-minute items to finalize holiday spending. The firm also anticipates gift card redemptions and after-Christmas sales and promotions will once again boost retail performance on Dec. 26.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

BBC exec joins HSN, Inc. board

BY CSA STAFF

ST. PETERSBURG, Fla. — Interactive multichannel retailer HSNi has appointed BBC executive Ann Sarnoff to its board of directors.

Sarnoff will also serve on HSNi’s Compensation and Human Resources Committee. Her appointment expands the number of board members to ten.

Sarnoff has been COO of BBC Worldwide Americas since 2010, and is responsible for the company’s North American businesses. Prior to joining the BBC, Sarnoff was president of Dow Jones Ventures and SVP of strategy for Dow Jones & Company. She also served for two years as COO of the Women’s National Basketball Association and spent ten years at Viacom Inc., where she ultimately became COO for VH1 and Country Music Television.

"We are extremely pleased that Ann will join our board and leverage nearly 20 years of extensive business experience in media and entertainment," said HSNi chairman and former Sears CEOArthur Martinez. "Ann’s expertise in developing and growing businesses and brands, in addition to her proven success as a highly accomplished leader, makes her a valuable addition to our board."

"I look forward to working with Ann and leveraging her unique experiences to assist us in executing against our strategic growth initiatives of creating immersive experiences, offering differentiated products and leveraging technology to build relationships, not just transactions," stated Mindy Grossman, CEO of HSNi.

Sarnoff is a member of the executive advisory board of the McDonough School of Business at Georgetown and is a member of the boards of Women’s Forum of New York and the Harvard Business School Women’s Association of New York. She earned a bachelor of science from Georgetown University and a master’s in business administration from Harvard Business School. She was named one of the Most Powerful Women in Cable in 2011 and 2012 by CableFAX Magazine.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...