FINANCE

Shop.org: Online sales expected to grow 12% over last year

BY Katherine Boccaccio

Washington, D.C. — Shop.org’s holiday 2012 online sales forecast, released Tuesday, expects sales to grow 12% over last holiday season to as much as $96 billion. Last year, according to the Dept. of Commerce, e-commerce sales grew 15% during the months of November and December.

“Online retail has been a bright spot for years and we don’t expect that trend to change anytime soon, especially with the growth in mobile,” said Matthew Shay, president and CEO of the National Retail Federation, of which Shop.org is a division. “Aside from the convenience, shoppers look to the holiday season to take advantage of retailers’ increased digital offerings. In addition to enhancing the site experience, retailers have spent the year investing in optimizing their mobile and social platforms, just what holiday shoppers are looking for.”

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Jan-02-2013 04:20 pm

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J.Johnss says:
Jan-02-2013 04:20 pm

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QVC ‘trend’ site relaunches

BY CSA STAFF

NEW YORK — Send the Trend, the e-commerce site acquired by QVC in February, has relaunched to provide a broader range of premier beauty and accessory products.

According to a press release, Send the Trend leverages proprietary technology – with unique algorithms – to deliver monthly, personalized shopper recommendations filled from an expanded product assortment, including Send the Trend branded collections and selections from QVC’s diverse product portfolio of prestige brands in jewelry, fashion accessories, beauty, hair care and skin care categories.

"The teams at QVC and Send the Trend share a passion for bringing the customer what she wants, in the way she wants it," said Claire Watts, QVC U.S. CEO. "We consider Send the Trend to be a speed boat of innovation, an opportunity to experiment and develop new ways to interact with the customer with a shared goal of providing a unique, personalized experience."

Through the QVC acquisition, Send the Trend will feature a broader assortment of brand offerings, including IsaacMizrahiLive!, Muxo by Camila Alves, Spanx by Sara Blakely, Judith Ripka, Kenneth Jay Lane, LOGO by Lori Goldstein, Dooney & Bourke, L’Occitane, Bliss, philosophy, Tarte, and Smashbox, among many others.

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FINANCE

NRF: Holiday 2012 sales forecast to rise 4.1%, down from last year’s growth

BY Katherine Boccaccio

Washington, D.C. — The National Retail Federation released its 2012 holiday forecast on Tuesday, which shows sales increasing 4.1% to $586.1 billion, down from last year’s 5.6% growth.

However, the NRF’s 2012 estimate tops the 10-year holiday sales growth average of 3.5%.

“This is the most optimistic forecast NRF has released since the recession. In spite of the uncertainties that exist in our economy and among consumers, we believe we’ll see solid holiday sales growth this year,” said NRF president and CEO Matthew Shay. “Variables including an upcoming presidential election, confusion surrounding the ‘fiscal cliff’ and concern relating to future economic growth could all combine to affect consumers’ spending plans, but overall we are optimistic that retailers promotions will hit the right chord with holiday shoppers.”

Recent government data released shows a crosscurrent of indicators that could impact holiday sales, including unimpressive job and income growth and an unemployment rate stuck at eight percent. However, positive indicators are emerging that show a cautious but capable consumer, such as increases in confidence and home prices.

“While moderate compared to what we experienced the last two holiday seasons, the forecast is a very pragmatic look at what to expect this year given the current rate of economic growth,” said NRF chief economist Dr. Jack Kleinhenz.

In preparation for the holiday selling season, NRF has forecasted that retailers will hire between 585,000 and 625,000 seasonal workers, comparable to the 607,500 seasonal employees hired last year.

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