FINANCE

Sales growth of smaller retailers lag industry

BY Katherine Boccaccio

Purchase, N.Y. — A report released Wednesday by MasterCard Advisors, the professional services arm of MasterCard in partnership with Wells Fargo, found that spending at small retailers in October slowed to an increase of 4.2% year over year, down from a 5.8% growth rate in September.

This was the slowest year-over-year growth rate for smaller retailers in 2012, falling below the growth rate of total U.S. retail sales by one percentage point.

The October report also found that when gasoline sales are removed, the year-over-year sales growth rate dipped to 3.6%. Michael McNamara, global solutions leader, MasterCard SpendingPulse, said, “This was the first time the small retailer sales year-over-year growth rate has lagged behind overall retail sales growth since September 2011. However, thanks to the fairly strong performance of smaller retailers for the first nine months of the year, on a year-to-date basis, small retailers continue to outperform overall total retail sales excluding auto.”

On a year-to-date basis, the sales growth rate excluding auto for small retailers is 7.4% from January through October 2012, compared with a 5.6% growth rate for retail overall during the same time period.

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J.Abell says:
Nov-15-2012 09:15 am

MasterCard is a advantage to
MasterCard is a advantage to us bye paying our bill, for not bring a cash,by valet centre

J.Abell says:
Nov-15-2012 09:15 am

MasterCard is a advantage to us bye paying our bill, for not bring a cash,by valet centre

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FINANCE

Forecast: Black Friday to give retailers holiday boost

BY Katherine Boccaccio

Charleston, S.C. — A shopping forecast released Tuesday by America’s Research Group found that 31.8% of U.S. consumers said they will shop Black Friday Weekend in search of big-ticket items. But the biggest boost will be in the five days before Christmas when more Americans than in the last seven years say they will shop.

"52.6% of Americans say they will ‘hibernate’ for much of the shopping season and then step out to shop in the five days before Christmas, which we’re now calling Christmas Friday through Monday,” said Britt Beemer, chairman and CEO of America’s Research Group. “Americans are far more bargain-driven this year — up from 49% last year — and say they will wait for the deepest discounts of the season, which they believe will be offered in the last days before Christmas.”

The report forecasts that Christmas retail sales should rise 1.8% to 2.8% this year, “but that will depend on retailers," said Beemer. "Our research shows that if retailers pull back after Black Friday Weekend and don’t offer bigger discounts than ever before, many Americans will go into hibernation until the last five days before Christmas when retailers are advertising fifty, sixty and seventy percent off," said Beemer. "The impact of store advertising will continue to be huge.”

And, this year, other factors besides finances are impacting consumer spending. Nearly 16% said they had been impacted by Hurricane Sandy; and of those, 37.2% describe their impact as serious, very serious or devastating.

According to the forecast, on Black Friday Americans want far bigger deals, too (44.8% versus 40.6% last year). If they do shop, they are looking for big ticket items (31.8% versus 24.6% last year). Americans also report that they will shop for fewer people than they did last year (shopping for five or less jumped from 13.7% last year to 20.2% this year). 50.3% will shop at off-price/membership clubs up from 47.8% last year; the number-one gift price range is $36-$50 (36.2% up from 26. 2%); credit card usage is down (22.5% versus 24.2% last year); there are more gift cards in the $21-$25 range (21.4% last year versus 27.6% this year); and the types of gifts Americans say they will purchase are mostly small this year (36.8% up from 30.1% last year) — with the trend towards homemade gifts among the most important of the season (27.5% of Americans say they will give homemade gifts).

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REAL ESTATE

Fresh Market leases four Houston-area locations

BY Katherine Boccaccio

Greensboro, N.C. – The Fresh Market said Wednesday it has entered into agreements to lease four new store locations that are currently operated as Rice Epicurean Markets, a family-owned specialty food retailer based in Houston.

Rice Epicurean Markets will continue to operate the stores through the end of the year, and will close these four stores during the first quarter of 2013.

The Fresh Market’s four new locations will be in the Uptown/Tanglewood, Memorial, River Oaks and West University areas of Houston. Rice Epicurean will be the landlord at three of The Fresh Market’s new locations. In addition, there will be incremental space at the Rice Epicurean Markets locations for complementary tenants. The Fresh Market said it intends to remodel each location and currently expects to open its four new stores in the latter half of fiscal 2013.

The terms of the agreements are not being disclosed.

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V.Ross says:
Mar-30-2013 12:27 pm

thank God! fresh Marker will
thank God! fresh Marker will be near our place.. thank you for this post!! http://magazineprintingdallas.com/catalogs

V.Ross says:
Mar-30-2013 12:27 pm

thank God! fresh Marker will be near our place.. thank you for this post!! http://magazineprintingdallas.com/catalogs

E.Nivera says:
Mar-28-2013 08:20 am

Thanks for the information. I
Thanks for the information. I will tell my cousin who lives right close to that area and got her welding certification years ago with me.

E.Nivera says:
Mar-28-2013 08:20 am

Thanks for the information. I will tell my cousin who lives right close to that area and got her welding certification years ago with me.

H.Felliers says:
Mar-27-2013 01:53 am

market updates
i'm just wondering if it did push-true that Rice Epicurean Markets have closed four stores during the first quarter of 2013? besides, what's really been going-on lately? cheers. instagram unfollow bot

H.Felliers says:
Mar-27-2013 01:53 am

i'm just wondering if it did push-true that Rice Epicurean Markets have closed four stores during the first quarter of 2013? besides, what's really been going-on lately? cheers. instagram unfollow bot

hopar111 says:
Mar-19-2013 02:38 pm

Great things you’ve always
Great things you’ve always shared with us. Just keep writing this kind of posts.The time which was wasted in traveling for tuition now it can be used for studies.Thanks green coffee extract

hopar111 says:
Mar-19-2013 02:38 pm

Great things you’ve always shared with us. Just keep writing this kind of posts.The time which was wasted in traveling for tuition now it can be used for studies.Thanks green coffee extract

W.Jhone says:
Mar-08-2013 01:00 pm

The experienced group of
The experienced group of qualified professionals - Corporate General Solutions (Pvt) Ltd (CGS) is one of the well esteemed specialized Information System and Management Consulting firms in Pakistan since 1995. chartered accountant firms chartered accountant firms in islamabad chartered accountant firms in lahore

S.May Moneva says:
Mar-08-2013 09:14 am

Nice to hear this wonderful
Nice to hear this wonderful news. It's much more nearer in our place so need for us to go miles away just to buy fans and likes and things I might need in fresh market. I will not pay any world wide delivery services to our house. Great news.

W.Jhone says:
Mar-08-2013 01:00 pm

The experienced group of qualified professionals - Corporate General Solutions (Pvt) Ltd (CGS) is one of the well esteemed specialized Information System and Management Consulting firms in Pakistan since 1995. chartered accountant firms chartered accountant firms in islamabad chartered accountant firms in lahore

S.May Moneva says:
Mar-08-2013 09:14 am

Nice to hear this wonderful news. It's much more nearer in our place so need for us to go miles away just to buy fans and likes and things I might need in fresh market. I will not pay any world wide delivery services to our house. Great news.

B.Kristen says:
Mar-04-2013 02:53 am

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B.Kristen says:
Mar-04-2013 02:53 am

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Jan-17-2013 06:39 am

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E.Herry says:
Jan-17-2013 06:39 am

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B.Chase says:
Nov-20-2012 11:32 pm

This is really a great news
This is really a great news for us.I'm on my way to optometrist columbia sc right now for my eye care.

B.Chase says:
Nov-20-2012 11:32 pm

This is really a great news for us.I'm on my way to optometrist columbia sc right now for my eye care.

J.Abell says:
Nov-15-2012 09:01 am

The Fresh Market remodels
The Fresh Market remodels their stores, and they will put each store a spy camera for the thief and for the safety of there store.

J.Abell says:
Nov-15-2012 09:01 am

The Fresh Market remodels their stores, and they will put each store a spy camera for the thief and for the safety of there store.

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