OPERATIONS

Hot Topic announces test of new retail concept

BY Katherine Boccaccio

City of Industry, Calif. — On the heels of its Wednesday report that the company gained just 0.2% in October same-store sales, Hot Topic Inc. also announced plans to test a new store that will specialize in dark, edgy lingerie.

Called Blackheart, the concept will target the company’s core teen customer and will debut with five stores in southern California and Texas malls as well as online offerings beginning in mid-November.

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OPERATIONS

Lids to acquire retail stores from Fanatics

BY Katherine Boccaccio

Indianapolis — Lids Sports Group announced Wednesday that its retail division will purchase 12 stores from Fanatics Inc., comprised of nine FansEdge locations in the Greater Chicago area as well as one in Oklahoma and two Football Fanatics in Jacksonville, Fla.



The locations will be rebranded under the Locker Room by LIDS retail banner, to include region-specific storefronts such as Chicago Locker Room and Oklahoma Locker Room.

“We continue to look for opportunities to expand the LIDS brand, and this acquisition allows us the opportunity to align these new additions – which are positioned in great sports communities – with our evolving sports apparel retail concepts,” said Lids Sports Group president Ken Kocher.

The company said it will introduce its Custom Zone in-store customization capabilities to the recently acquired locations, which will carry an assortment of local and regional product offerings of officially licensed apparel and merchandise.

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FINANCE

Survey: Online, mobile shopping on the rise for the holidays

BY Katherine Boccaccio

Los Angeles — Survey results released Thursday by PriceGrabber revealed that 16% of consumers will shop using a mobile device during the holiday season, compared with 13% last year. Nearly all respondents indicated that they will do some online shopping from a computer.

The number of consumers who plan to visit brick-and-mortar stores dropped by two percentage points to 46% compared with last year.

PriceGrabber’s data also saw an increase in the percentage of purchases that will be made from a mobile device this holiday season compared with last year. In 2012, the average consumer will make 6% of their holiday purchases from a mobile phone, 62% online and 32% in brick-and-mortar stores. In 2011, the average shopper said he or she would make only 4% of purchases from a mobile phone, 63% online, and 33% in brick-and-mortar stores.

Of the survey respondents planning to use a mobile device to shop this holiday season, 37% said they plan to do the most shopping from their mobile device on Black Friday (Nov. 23). Cyber Monday (Nov. 26) followed closely with 36%. Eleven percent preferred the Saturday after Black Friday (Nov. 24) and 10% indicated Thanksgiving Day (Nov. 22). Only 6% plan to shop on Sunday, Nov. 25 from their mobile device.

When mobile shoppers were asked to select all of the ways in which they plan to use their mobile device to save money on holiday gifts this year, 70% said they plan to check prices online before making an offline purchase. Sixty-six percent indicated that they plan to make purchases from their mobile device, 52% plan to view retailer emails containing coupons and discounts while shopping in stores and 46% said they will use comparison shopping applications and bar code scanners to save money. Forty-one percent noted they will have retailer coupons texted directly to their phones, 40% plan to check store inventory before shopping in brick-and-mortar stores and 33% said they will download shopping apps to earn cash, rewards and points.

"We anticipate that online and mobile shopping will continue to increase in popularity this holiday season because it allows consumers to easily compare products and read merchant reviews, as well as locate the best price on every product without having to visit each and every brick-and-mortar store," said Rojeh Avanesian, VP marketing and analytics of PriceGrabber.com.

When asked to select all of the reasons why they will shop online or from a mobile device for gifts this year, 76% of survey respondents hope to avoid the crowds in brick-and-mortar stores. This number was closely followed by 75% who like to take advantage of free shipping and another 75% enjoy the convenience of shopping around the clock. Seventy-two percent cited the simplicity of price comparison shopping, 67% seek discounts and free shipping and 57% like to read customer reviews.

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P.Lopez says:
Mar-31-2013 05:59 pm

Chatrandom
Sixty-six percent indicated that they plan to make purchases from their mobile device, 52% plan to view retailer emails containing coupons and discounts while shopping. Chatrandom

P.Lopez says:
Mar-31-2013 05:59 pm

Sixty-six percent indicated that they plan to make purchases from their mobile device, 52% plan to view retailer emails containing coupons and discounts while shopping. Chatrandom

B.Low says:
Mar-28-2013 03:51 am

excellent post
Belgravia Villas is a new and upcoming cluster housing located in the Ang Mo Kio area, nested right in the Ang Mo Kio landed area. It is within a short drive to Little India, Orchard and city area. With expected completion in mid 2016, it comprises of 118 units in total with 100 units of terrace and 18 units of Semi-D. Ang Mo Kio Cluster House

B.Low says:
Mar-28-2013 03:51 am

Belgravia Villas is a new and upcoming cluster housing located in the Ang Mo Kio area, nested right in the Ang Mo Kio landed area. It is within a short drive to Little India, Orchard and city area. With expected completion in mid 2016, it comprises of 118 units in total with 100 units of terrace and 18 units of Semi-D. Ang Mo Kio Cluster House

B.Low says:
Jan-03-2013 04:53 am

Excellent post
Potong Pasir New Launch Sant Ritz facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Potong Pasir. Several buses are available near Potong Pasir along with shopping centers and restaurants.

B.Low says:
Jan-03-2013 04:53 am

Potong Pasir New Launch Sant Ritz facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Potong Pasir. Several buses are available near Potong Pasir along with shopping centers and restaurants.

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