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MOBILITY

Infographic: Mobile is everywhere

BY Dan Berthiaume

Mobile devices are becoming the norm for every facet of consumers’ lives, including shopping.

According to a new infographic from membership-based retailer DirectBuy, 29% of U.S. adults describe their smartphone as something they can’t live without, 44% sleep with a smartphone by their bed to avoid missing notifications, and 67% check smartphones for notifications even without receiving some type of notification.

In terms of mobile shopping, 82% of smartphone users, or 166.2 million people, shop with mobile devices in 2015. That percentage is expected to rise to 86%, or 198.8 million people, by 2018. Seventy-eight percent of smartphone product searches result in a purchase, compared to 64% of tablet searches and 61% of desktop searches.

However, mobile experience matters. Smartphone and tablet users are five times more likely to abandon a task if a site isn’t mobile-optimized. Seventy-nine percent will travel to another site to complete a mobile task or purchase, and 52% say a bad mobile experience makes them less likely to do business with a company.

For more statistics, click on the infographic below.

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MOBILITY

Express curates menswear site

BY Dan Berthiaume

Express is partnering with 17 specialty men’s apparel brands to launch a new e-commerce site.

The exclusive online-only shop will launch on express.com beginning October 2015 and will feature brands including Creative Recreation, Havaianas, Timex, Robert Mason and more. Product categories will include footwear, watches, bags & small leather accessories, electronics, small accessories & giftables and jewelry.

The site will also curate picks from Express’ in-house stylist as well as branded editorial content ranging from suit fit guides and interview tips to podcasts and cocktail recipes.

A number of items in the assortment of the new site, such as electronics and small accessories, are easy to sell online as they do not require sizing. In addition, while men are less likely than women to shop in-store, offering specialty men’s items online is a good way to boost sales without risking valuable store selling space. And the added curated picks and editorial content further enhances the overall customer experience in a helpful, low-pressure way.

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REAL ESTATE

RCS Real Estate raises close to $2,000,000 for bankrupt Anna’s Linens at auction

BY Jennifer Mosscrop

RCS Real Estate Advisors announced today that it secured almost $2,000,000 at auction for home goods chain Anna's Linens, which filed for Chapter 11 on June 14.

"RCS concluded a successful auction generating close to $2,000,000 for the debtor's estate by selling leases and sub-letting to temporary users as Halloween stores," said RCS Real Estate Advisors senior VP Spence J. Mehl. "A highly successful outcome based on initial expectations of value."

The results of the auction have been approved by the United States Bankruptcy Court for the Central District of California (Santa Ana Division).

The Costa Mesa, California-based retailer of bedding, bathroom accessories, window treatments and more operated over 200 stores with over 2,800 employees when it filed for bankruptcy earlier this year.

According to the Wall Street Journal, Anna's Linens filed for chapter 11 protection in 1993 and emerged the following year.

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