OPERATIONS

IBM: 20% online growth in Q1

BY Marianne Wilson

Armond, N.Y. — First quarter online shopping in 2013 grew more than 20% over the same period last year, and more than five times in-store sales growth, helping drive up department store and home goods purchases, according to the IBM Online Retail Index.

The IBM Index comes on the heels of the U.S. Department of Commerce’s Census Bureau report which announced in-store sales for the January through March 2013 period were up 3.7%.

The IBM Online Retail Index also found:

  • Mobile sales growth of 31% due to with mobile site traffic increasing close to 40%, due to improved customer experience, and iPad and tablet use;
  • Department stores are responding to showrooming trend with 32% in mobile sales and 34% growth in average order value from aggressive omni-channel strategies’; and
  • Home Improvement mobile sales grow 80% as summer approaches.
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W.Kerlo says:
Apr-27-2013 05:52 am

I have heard that according
I have heard that according to the latest IBM Retail Online Index that captured shopping data from the fourth quarter of 2012, online sales increased 15 percent over the same period last year and were triple the sales growth of traditional retail stores. recycle cell phones

W.Kerlo says:
Apr-27-2013 05:52 am

I have heard that according to the latest IBM Retail Online Index that captured shopping data from the fourth quarter of 2012, online sales increased 15 percent over the same period last year and were triple the sales growth of traditional retail stores. recycle cell phones

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REAL ESTATE

Max-Wellness to open new Mini-Max store format

BY Marianne Wilson

Cleveland — Max-Wellness will debut its new format, Mini-Max, in Moorings Park, a premier upscale retirement community in Naples, Fla. The store will be located in a new facility in the community, The Center for Healthy Living, which features medical and exercise facilities, a spa and beauty center, plus a 75-seat movie theatre.

The new Mini-Max Moorings will be a prototype operation used as a springboard for future expansion in other markets throughout the country. There are approximately 30,000 retirement facilities operating in the U.S. and Max-Wellness intends to focus primarily on upscale operations.

The merchandise selected for the Moorings Park location was done in collaboration with its medical staff and wellness providers. Products range from natural and organic vitamins and supplements to mobility devices, fitness items, braces, supports and everything for head-to-toe care.

Max-Wellness, founded by Michael Feuer, opened its first stores three years ago. Feuer, the CEO of Max-Wellness, was also the co-founder of OfficeMax and its CEO for 16 years. Max-Wellness operates stores in Ohio and Florida, and last year launched Wellness-in-a-Box, an automated retailing dispensing station located in major airports such as New York City’s JFK, and Huston’s Bush International. The kiosk features a customized assortment of approximately 75 health-and-wellness products specifically tailored to the needs of travelers.

The company is also exploring deploying its boxes on college campuses and in hospitals, retirement communities and large corporate headquarters.

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FINANCE

Cabela’s profit surges 73% on guns and ammo sales

BY Marianne Wilson

Sidney, Neb. — Cabela’s first quarter profit rose 72.9%, topping expectations, on strong sales of firearms and ammunition. Net income rose to $49.8 million, up from $28.8 million in the year-ago quarter.

Revenue increased 28.7% to $802.5 million from $623.5 million last year. Analysts expected revenue of $770.5 million.

"First quarter results exceeded our expectations on every line of the income statement," said CEO Tommy Millner. "In addition to expected increases in firearms and ammunition sales, we saw particularly strong performance in softgoods and footwear.”

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