FINANCE

Report: Global online sales to increase 17.5% in 2013

BY Marianne Wilson

Santa Monica, Calif. — Global e-commerce sales are expected to rise 17.5% this year to $963 billion, up from $820.5 billion last year, according to a study by Siemer & Associates.

Currently, online accounts for just 6.5% of all retail sales worldwide but is growing four times faster than traditional retail. E-commerce sales are expected to account for 9.3% of retail sales by 2016.

Nordstrom plans to invest $1 billion, or one-third of its capital expenditures, into online efforts over the next five years, according to Siemer. Walmart has developed a new computing platform that collects information from social media streams to determine which trending products they should feature in online marketing.

The report finds that online commerce has been most disruptive to consumer electronics retailers. Technology and audio/video electronic products as a percentage of total e-commerce revenue rose to 24.5% last year from 19.8% in 2007, the report said.

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Dec-23-2013 06:32 am

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H.Bron says:
Dec-23-2013 06:32 am

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OPERATIONS

NRF: Retail industry added 28,000 jobs in June

BY Marianne Wilson

Washington — The retail industry added 28,000 jobs in June, according to the National Retail Federation. NRF said the industry had marked increases in every sector except furniture and home furnishings and health and personal care stores.


“Today’s strong jobs report is welcomed news for the economy and may signal positive and accelerated momentum for the second half of 2013,” NRF chief economist Jack Kleinhenz said. “Payrolls came in stronger than expected, including in the retail industry, which witnessed strong gains in building supplies, clothing and sporting goods. The economy is currently stable but traction and pace remain uncertain.”

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REAL ESTATE

Retro fashion retailer Bettie Page opens in Nashville

BY Marianne Wilson

Las Vegas — Apparel retailer Bettie Page, which specializes in contemporary designs inspired by the 1940’s and 50’s, has made its Nashville debut. It is the company’s 15th location to date.

"Our newest Bettie Page boutique is situated in the heart of Nashville," said Jan Glaser, co-CEO, Tatyana Designs, parent company of Bettie Page.

One unique feature of the Nashville store is that the company has leased the entire 14,000-sq.-ft. building.

"The ground floor is our boutique," said Glaser, "but we have fully improved space for three stories on top which we intend to use for additional services that integrate with our community’s needs. A pin up oriented hair salon, photography studio and tattoo parlor are all on our radar. Moreover, there is sufficient improved warehouse space to incorporate a second distribution center which will help us service our Mid-west, East Coast and Southern locations more efficiently and economically."

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