Prosper Insights predicts holiday winners and losers
Worthington, Ohio — Target, Kohl’s, Costco, Macy’s and Old Navy, with an honorable mention to J.C. Penney, are the holiday 2013 retail winners, according to business intelligence provider Prosper Insights & Analytics. The firm on Tuesday released its Holiday 2013 Retail Winners & Losers list at the Morgan Stanley Global Consumer and Retail Conference.
Prosper Insights noted that the terms “winners” and “losers” are relative with consumer spending expected to be down this year. Still, the company said, there are some bright spots this year: Retailers that have an effective omnichannel strategy, are promotion-heavy, and carry a strong consumer base of higher-spending Gen X’ers will likely perform better than others in a zero-sum game.
“Knowing who your consumers are and how they are feeling is even more critical when you are grasping for a smaller piece of the pie in an off holiday season,” said Pam Goodfellow, principal analyst and consumer insights director for Prosper. “We’ve identified a mix of key metrics that enables us to look at a holistic view of shoppers to predict which retailers may be positioned for a better holiday season this year.”
Holiday 2013 retail losers include Kmart, Walmart, Toys “R” US and Sam’s Club. In announcing its holiday losers, Prosper Insights noted some retailers have a customer base that is more susceptible to uncertain economic conditions, which will likely impact their outlook for the holiday season.
Fairway Market launches new mobile app
New York — Fairway Market has launched a new mobile app that is designed to provide an enriched experience for its shoppers who love to cook and explore the unique products that make Fairway an iconic market shopping destination. It is available on the iPhone App Store, and can be downloaded right in Fairway Market because all Fairway stores offer free Wi-Fi.
App users can create individual food profiles by choosing dietary preferences, and then explore beautifully photographed products along with step-by-step gourmet recipes curated by Fairway experts.
"Our new mobile app brings the best of Fairway to our customers’ fingertips," said Arthur Tisi, CIO of Fairway Market. "I’m excited to be a part of the great team that designed and developed an innovative app that enhances our customers’ foodie knowledge and helps them to better plan and cook delicious meals."
As mobile customers, users can enjoy access to exclusive offers only available on the iPhone app. By simply filling out the app profile, they are provided with a unique personal barcode that can be scanned at checkout to redeem the offers. Not only can Fairway shoppers figure out what’s for dinner with their iPhone, but they also can find the perfect recipe, a wine pairing to complement it, and take pleasure in specially selected music to cook with from a playlist with more than 12 hours of easy listening by local tri-state artists.
REI coming to Southlake, Texas
Seattle — REI will open a store in Southlake Texas, in fall 2014. The 22,000-sq.-ft. store, at Park Village, will include a bike shop offering expert assembly and repair services, and provide outdoor-related classes and presentations.
"REI has outfitted Dallas residents for 20 years. With a third location, we can better deliver the best gear and advice to even more customers and members who enjoy the outdoors," said Janet Hopkins, REI retail director for the Southwest district. "Southlake offers a community of active people and a strong retail presence, making it a perfect fit for REI."