Experian FootFall: Super Saturday could surpass Black Friday
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.
BBC exec joins HSN, Inc. board
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.
Bed Bath & Beyond Q3 profit beats, sales disappoint
Union, N.J. — Bed Bath & Beyond Inc. reported Wednesday that profit for the quarter ended Nov. 24 rose almost 2% to $232.8 million, from $228.5 million last year, edging Wall Street expectations.
Revenue increased 15% to $2.7 billion, just missing analysts’ forecasted $2.73 billion in revenue. Same-store sales rose 1.7%.
The retailer said it estimates Hurricane Sandy lowered comps by about 0.9% during the period.