IBM survey: Online holiday shopping strong, mobile increases 234%
New York City — The IBM Benchmark snapshot, released Wednesday, of online retail data showed growing strength in the category.
According to the data, online sales for the week of Dec. 5 were up 7.3% year over year. On Monday, Dec. 12, online sales were up 11.8% over the same day in 2010.
Also on Dec. 12, mobile sales grew, reaching 7.1% versus 2.1% on this day in 2010 — an increase of 233.8%. Some 10.6% of people used a mobile device on Dec. 12 to visit a retailer’s site, up from 4.4% on that day in 2010, representing an increase of 140.5%.
Christopher & Banks names former Wet Seal and Wilsons Leather CEO as president
Minneapolis — Christopher & Banks Corp. said Wednesday it has named Joel N. Waller as president for a one-year term, effective immediately. He will report to Larry Barenbaum, CEO.
Waller, who is charged with revitalizing the business and putting the company back on track to profitability, was most recently a consultant to various retail companies, including AM Retail Group, Inc./Wilsons Leather. He served as CEO of Wet Seal from 2005 to 2008, and as chairman and CEO of Wilsons Leather before that.
Kohl’s expands Vera Wang partnership to juniors category
Menomonee Falls, Wis. — Kohl’s Corp. said Wednesday that it has expanded its partnership with Vera Wang Group to launch Princess Vera Wang, a junior collection that will be sold exclusively by Kohl’s beginning August 2012.
The line will be available both in-store and online.
“When we first partnered with Vera Wang in 2007 to launch Simply Vera Vera Wang, there was immediate acceptance and strong response from our contemporary customer,” said Kevin Mansell, Kohl’s chairman, president and CEO. “We are confident bringing this level of fashion and quality to our junior’s business allows us to increase the value proposition to our younger shoppers and delivers on our commitment to offer world-class brands in each category.”
Kohl’s private label brands accounted for 52% of sales in the third quarter of 2011, up significantly from 2010. Since its 2007 launch, Simply Vera Vera Wang has been the leading exclusive brand in the women’s contemporary category, according to Kohl’s.