FINANCE

Survey: Online, mobile shopping on the rise for the holidays

BY Katherine Boccaccio

Los Angeles — Survey results released Thursday by PriceGrabber revealed that 16% of consumers will shop using a mobile device during the holiday season, compared with 13% last year. Nearly all respondents indicated that they will do some online shopping from a computer.

The number of consumers who plan to visit brick-and-mortar stores dropped by two percentage points to 46% compared with last year.

PriceGrabber’s data also saw an increase in the percentage of purchases that will be made from a mobile device this holiday season compared with last year. In 2012, the average consumer will make 6% of their holiday purchases from a mobile phone, 62% online and 32% in brick-and-mortar stores. In 2011, the average shopper said he or she would make only 4% of purchases from a mobile phone, 63% online, and 33% in brick-and-mortar stores.

Of the survey respondents planning to use a mobile device to shop this holiday season, 37% said they plan to do the most shopping from their mobile device on Black Friday (Nov. 23). Cyber Monday (Nov. 26) followed closely with 36%. Eleven percent preferred the Saturday after Black Friday (Nov. 24) and 10% indicated Thanksgiving Day (Nov. 22). Only 6% plan to shop on Sunday, Nov. 25 from their mobile device.

When mobile shoppers were asked to select all of the ways in which they plan to use their mobile device to save money on holiday gifts this year, 70% said they plan to check prices online before making an offline purchase. Sixty-six percent indicated that they plan to make purchases from their mobile device, 52% plan to view retailer emails containing coupons and discounts while shopping in stores and 46% said they will use comparison shopping applications and bar code scanners to save money. Forty-one percent noted they will have retailer coupons texted directly to their phones, 40% plan to check store inventory before shopping in brick-and-mortar stores and 33% said they will download shopping apps to earn cash, rewards and points.

"We anticipate that online and mobile shopping will continue to increase in popularity this holiday season because it allows consumers to easily compare products and read merchant reviews, as well as locate the best price on every product without having to visit each and every brick-and-mortar store," said Rojeh Avanesian, VP marketing and analytics of PriceGrabber.com.

When asked to select all of the reasons why they will shop online or from a mobile device for gifts this year, 76% of survey respondents hope to avoid the crowds in brick-and-mortar stores. This number was closely followed by 75% who like to take advantage of free shipping and another 75% enjoy the convenience of shopping around the clock. Seventy-two percent cited the simplicity of price comparison shopping, 67% seek discounts and free shipping and 57% like to read customer reviews.

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P.Lopez says:
Mar-31-2013 05:59 pm

Chatrandom
Sixty-six percent indicated that they plan to make purchases from their mobile device, 52% plan to view retailer emails containing coupons and discounts while shopping. Chatrandom

P.Lopez says:
Mar-31-2013 05:59 pm

Sixty-six percent indicated that they plan to make purchases from their mobile device, 52% plan to view retailer emails containing coupons and discounts while shopping. Chatrandom

B.Low says:
Mar-28-2013 03:51 am

excellent post
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B.Low says:
Mar-28-2013 03:51 am

Belgravia Villas is a new and upcoming cluster housing located in the Ang Mo Kio area, nested right in the Ang Mo Kio landed area. It is within a short drive to Little India, Orchard and city area. With expected completion in mid 2016, it comprises of 118 units in total with 100 units of terrace and 18 units of Semi-D. Ang Mo Kio Cluster House

B.Low says:
Jan-03-2013 04:53 am

Excellent post
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B.Low says:
Jan-03-2013 04:53 am

Potong Pasir New Launch Sant Ritz facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Potong Pasir. Several buses are available near Potong Pasir along with shopping centers and restaurants.

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FINANCE

TJX shines among discounters in October

BY Katherine Boccaccio

New York — The TJX Cos. turned in the strongest performance among the discounters in October, reporting a 7% comp sales increase on Thursday.

According to TJX CEO Carol Meyrowitz, the above-plan performance has prompted the retailer to raise its outlook for the third quarter and full year. “We believe the momentum we are seeing in all of our businesses … bode well for the holiday selling season,” she said.

TJX sales for the period advanced 11% to $2.1 billion.

Costco posted a 5% rise in same-store sales, less fuel, which missed Wall Street’s expected 5.6% gain. The wholesale club operator said that the strongest regions for the month were San Diego, the Northeast and the Midwest.

Target Corp. reported a 2.4% same-store sales rise in October, which was near the low end of the company’s expected range, said Gregg Steinhafel, CEO. Its third-quarter same-store sales gain of 2.9% matched Target’s internal forecasts, he said.

In other discounter same-store sales results:

  • Ross rose 4%;
  • Fred’s dipped 0.8%;
  • SteinMart rose 1.7%; and
  • Alco rose 1.9%.
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Department stores strong in October, led by Nordstrom

BY Katherine Boccaccio

New York — As the holidays approach and retailers are still recovering from Hurricane Sandy, October same-store sales results showcased consistent strength in the department store category.

Nordstrom led the pack with a 9.8% rise in same-store sales for the month, and Macy’s Inc. had a solid showing as well.

“Business was strong in October,” said Terry J. Lundgren, chairman, president and CEO of Macy’s, Inc. “The key growth strategies we put in place three years ago continue to provide us new opportunities for continuous improvement in driving sales. We are feeling confident about our prospects for the upcoming holiday season and have increased our sales guidance for the fall season, despite the interruption caused by Hurricane Sandy in the first few days of the fourth quarter.”

Macy’s reported a 4.1% same-store sales rise in October and posted total sales of $1.908 billion for the four weeks ended Oct. 27, an increase of 3.6% compared with $1.842 billion in the prior-year period.
Macy’s said it is raising its guidance for same-store sales growth in the second half of 2012 to approximately 4% (an increase from previous guidance of up approximately 3.7%).

Kohl’s Corp. reported a 3.3% same-store sales rise on Thursday, and total sales increased 2.6% in the third quarter. The company also announced that it would no longer report monthly sales, effective fiscal 2013.

Other department store same-store sales results in October include:

  • Stage Stores beat Wall Street expectations with a 6.5% rise, when just 2.8% was forecast; and
  • Bon-Ton Stores gained 3.7%.
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