Green Monday online spending up 19% to $1.13 billion
RESTON, Va. –Data released Wednesday by comScore showed that holiday season retail e-commerce spending for the first 42 days of the 2011 holiday season is up 15% year-over-year. Through “Green Monday,” Dec. 12, $26.8 billion has been spent online.
The most recent week (week ending Dec. 11) reached a record $6.1 billion in spending, in line with the season-to-date’s 15% growth rate, according to the report.
Green Monday, December 12 – the second Monday in December when online spending has historically tended to peak – reached $1.13 billion in spending, a 19% increase over last year and ranking it as the third heaviest spending day of the season after Cyber Monday ($1.25 billion) and Monday, December 5 ($1.17 billion).
“Green Monday kicks off what should be the heaviest week of the year for online shopping, where we could see several billion dollar spending days, punctuated by Free Shipping Day on Friday, December 16,” said comScore chairman Gian Fulgoni.
Digital Content & Subscriptions led the top growing online retail categories for season-to-date, with a growth rate more than double that of the online sector as a whole, according to comScore. Jewelry & Watches was the second fastest growing category this season, followed by Consumer Electronics and Video Games and Computer Software.
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Kohl’s to pilot electric vehicle charging stations
MENOMONEE FALLS, Wis.–Kohl’s Department Stores will pilot electric vehicle (EV) charging stations at 33 stores nationwide. Each participating Kohl’s store will have one to four parking spaces reserved for EV drivers to charge at no cost while they shop. Charging stations can be activated by EV drivers in various ways including radio frequency identification (RFID) cards available at Kohl’s customer service desk and via phone numbers provided on the charging stations.
To maximize the number of participating Kohl’s stores, the company is partnering with ECOtality Inc. and Coulomb Technologies on the installation of these charging stations and as a participant in their respective EV infrastructure pilot programs funded partially through the U.S. Department of Energy.
“Kohl’s pilot of electric vehicle charging stations demonstrates our commitment to advancing environmental solutions in a meaningful and tangible way for our customers,” said John Worthington, Kohl’s chief administrative officer. “Not only are these stations an added shopper convenience, they also encourage environmental responsibility among our shoppers. We will continue to explore additional locations to pilot charging stations at our stores nationwide.”
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Pier 1 Q3 profit up, beats Street
Fort Worth, Texas –Pier 1 Imports Inc.’s third-quarter profit climbed 10% to $23 million from $21 million a year earlier, better than analysts expected.
Revenue increased 8% to $382.7 million from $353.8 million, boosted by a higher average ticket and more traffic. Same-store sales were up 7%.
The retailer also said Thursday that its sales so far in December are strong and that it expected the momentum to continue until Christmas.
“Our strong product assortments, the right balance of regular and promotional pricing and a great store experience are driving robust sales and merchandise margin growth. December sales so far are strong and we expect this trend to continue for the final ten days leading up to Christmas,” said president and CEO Alex Smith in a statement.
Pier 1 also said its new website, which will allow shoppers to buy online and have goods shipped to their homes, will debut next summer.
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