FINANCE

Report: Best Buy open to considering lower bid

BY Marianne Wilson

New York — Best Buy is open to considering a lowered bid from founder Richard Schulze, according to the New York Post.

The report, citing sources close to the company, suggested the chain is now open to a bid of around $20 per share.

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FINANCE

Wal-Mart changes date of fourth quarter dividend payment

BY Staff Writer

Bentonville, Ark. — Wal-Mart is changing the date that its fourth-quarter dividend will be paid. The company said that the quarterly dividend of 39.75 cents per share will now be paid on Dec. 27 instead of on Jan. 2, 2013. The dividend will still be paid to shareholders of record on Dec. 7.

According to a report by the Associated Press, Wal-Mart may be taking the action to avoid a higher tax rate on the dividend if there’s no agreement on the fiscal cliff.

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OPERATIONS

Survey: Consumers to shop via mobile phones on Thanksgiving

BY Marianne Wilson

New York — Mobile devices will play a pivotal role this Thanksgiving as the holiday transforms into "Mobile Thursday," the day before Black Friday, according to a new online survey by Harris Interactive, conducted on behalf of Digitas, a digitally led, global integrated brand agency.

Twenty-eight percent of smartphone- or tablet-owning adult holiday shoppers plan to shop on Thanksgiving Day with their mobile devices, nearly double the percentage from 2011, when only 16% said they would use a mobile device to shop on "Mobile Thursday."

In addition to shopping for the holidays, 29% of smartphone or tablet owners say that they have used or plan to use their mobile devices to assist with upcoming Thanksgiving holiday preparations. That number rises to 40% when focused on adults aged 18–34.

"Our findings reinforce that mobile is not just another channel. It’s a technology-driven cultural phenomenon that is changing how people are connecting to brands and commerce. With more consumers shopping on their devices, brands are being provided with more mobile moments to address and create impact — even during a time of turkey, football, and family," says Chia Chen, SVP, mobile practice lead, Digitas.

The survey revealed that consumers while consumers want to shop via mobile, brands still need to catch up. Three-quarters (76%) of those who shop by mobile device and computer say that it is easier to shop via computer. And only 8% say their shopping experience is easier via mobile and one-in-six (16%) say there is no difference between the two.

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